Buy to Let News

BTL – How much can you borrow Pre and Post 1st of Jan (now is the time to act)

BTL – How much can you borrow Pre and Post 1st of Jan (now is the time to act)

15/11/2016

I have had lots of people ask how the calculation works for the amount you can borrow after the new rules come into force next year regarding Buy to Let affordability testing. To make it simple as a follow up to the example in the original article below: The maximum you can borrow: Pre January… Read more


Now is the time to act if you are considering a BTL remortgage or purchase

Now is the time to act if you are considering a BTL remortgage or purchase

10/11/2016

The Prudential Regulation Authority (PRA) Consultation on landlord ‘affordability’ management is being implemented as guidance to lenders from the 1st of January. The PRA are requiring Buy to Let lenders to take into account borrower’s increased tax liabilities due to Section 24 mortgage interest relief reductions and other outgoings when assessing the amount of loan… Read more


No age limit property finance on Keystone Ltd Co and Joint applications

No age limit property finance on Keystone Ltd Co and Joint applications

04/11/2016

“The aim of accepting landlords over the age of 85 years within a joint mortgage application will allow many of our older borrowers to continue to leverage their portfolios”, said David Whittaker CEO of Keystone. Keystone Property Finance has removed the age criteria on its Classic range of mortgage products for joint applicants and for… Read more


Lending Into Retirement – Don’t assume age is a barrier

Lending Into Retirement – Don’t assume age is a barrier

27/10/2016

I think it’s fair to say that the general consensus amongst mortgage professionals is that lenders still aren’t doing enough for older borrowers. At first glance you might look at most lenders looking to lend until age 80 as being quite accommodating, but as we start to work longer, live longer and need to borrow… Read more


PRA confirm new increased BTL stress testing and underwriting standards

PRA confirm new increased BTL stress testing and underwriting standards

30/09/2016

The Prudential Regulation Authority (PRA) have now confirmed to lenders what they expect the minimum standards of Buy to Let underwriting to be. These standards will have to be in place by 1st January 2017 for rental stress testing and by 30th September for other minimum affordability and risk checks. The PRA have confirmed the… Read more


Why consider a second charge loan over a remortgage

Why consider a second charge loan over a remortgage

08/09/2016

Second charge loans can be very real alternative to a remortgage. While every application needs to be considered on its own merits, the second charge industry has recently become more competitive and attractive with lender rates now starting from 4.50%. Reasons for considering second charge loans: 1 – Keeping your existing low rate mortgage You… Read more


Buy to Let Scumbags Outbid First Time Buyers

Buy to Let Scumbags Outbid First Time Buyers

04/09/2016

If you’re happy with this headline then read no further. On the other hand, if you, like me, completely disagree with it then I have these questions for you … What are YOU going to do about it? Are you just going to read this article and leave? Are you going to post a comment… Read more


BTL landlords are benefits sucking people farming leaches

BTL landlords are benefits sucking people farming leaches

28/08/2016

This is another one of those antagonistic headlines to get you hot under the collar and to motivate you into action. It’s nothing you can’t read every day in the comments section of the National media though is it? And can you really blame the journalists for publishing their sensationalist, attention grabbing, anti-landlord headlines to sell… Read more


How Three Dozen Morons Influence Anti Landlord Media

How Three Dozen Morons Influence Anti Landlord Media

24/08/2016

Their leader has been praying for a House Price Crash for years, he’s even set up a forum dedicated to helping to create one! By his own admission he can afford to buy a place of his own but has always chosen not to. What a plonka! His strategy is based on hope and he’s recruited around three… Read more


OPEN LETTER TO ANDREA LEADSOM MP RE PRIVATE LANDLORDS @andrealeadsom

OPEN LETTER TO ANDREA LEADSOM MP RE PRIVATE LANDLORDS @andrealeadsom

11/07/2016

OPEN LETTER TO ANDREA LEADSOM MP RE PRIVATE LANDLORDS @andrealeadsom – https://t.co/KpkYxASvsH pic.twitter.com/aO7ljphHB8 — Property118.com (@Property118) July 11, 2016 Dear Mrs Leadsom Please pledge to stop the government’s attack on private landlords! As a conservative party member and former local councillor, I was sorry to hear of your decision to withdraw from the leadership race,… Read more


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