Buy to let borrowing is underpinning the mortgage market as the Bank of England and lenders report a surge in activity from property investors.
The signs are that lenders are inviting more applications from landlords and diverting funds from first time buyers and other borrowers to meet the demand. Continue reading Buy to let underpins the housing market
Buy to let market stuck in rut?
Buy to let mortgage availability is seemingly not improving despite the best efforts of property professionals to talk up the market.
The latest insight comes from mortgage brokers – with half reporting no change in business with landlords during the three months ending May 31, while the other half said business was up. Continue reading Buy to let mortgage market is stuck in a rut
From today The Mortgage Works has announced three new Buy to let products, but have also tempered this news with confirmed criteria withdrawals affecting Portfolio and Corporate Landlords. Continue reading The Mortgage Works withdraws from Buy to let niche markets
Buy to let lender Paragon Mortgages is about to test how markets react to fears about toxic mortgage debt by issuing £250 million in bonds.
The lender had to stop mortgage lending when funding for securitisation of mortgage loans dried up in the credit crunch – but the firm feels banks may now be ready to offer funds, especially after Santander recently sold £3.75 billion of bonds. Continue reading Paragon sees virtues of buy to let lending
The true state of the housing market is revealed by blowing away the smoke and breaking the mirrors that expensive PR erect to deflect the truth.
The Council of Mortgage Lenders, the industry voice for all the UK’s largest banks and building societies, bravely states that remortgaging is up for the first quarter of 2011.
Continue reading Mortgage lending – the real figures, not the spin
EU rules that aim to tighten up mortgage lending may have an unforeseen impact on buy to let.
The draft EU mortgage directive covers all mortgages for residential property and sees no difference between buying as a home or buy to let.
The main issue for lenders is the directive makes them more responsible for showing a borrower can afford a loan. Continue reading EU mortgage rules could trap buy to let lenders
The buy to let mortgage market has seen a wind change in recent weeks and lenders loosening their purse strings with higher loan to values and better rates for property investors.
Continue reading Buy to let lending swings back in to favour