Banks, building societies and finance houses not only share repayment information about their customers, but can now also receive insight about the net worth of buy to let investors.
Credit reference firm Experian is opening up house price data by teaming up with property portal Rightmove to offer lenders the new Equity Check service. Continue reading Experian launch a new credit tool to help lenders reduce buy to let mortgage fraud
Almost a third of buy to let landlords would like to add more letting homes to their portfolios to expand their businesses to meet soaring tenant demand.
Half of landlords are reporting surging interest from tenants in the last quarter, while seven in every 10 expect the demand to continue for the coming year. Continue reading One in three landlords want to buy more homes to let
Mortgage lending by Britain’s banks and building societies hit a 10-year low last month – and the outlook is unlikely to improve. Continue reading Mortgage lending slumps to a 10-year low.
The mortgage squeeze is a double-edged sword for buy to let landlords as rentals surge but borrowing restrictions mean they cannot buy more homes to rent out. Continue reading Record demand for rental homes as supply dries up.
So few lenders are actually handing over cash to borrowers that the Council of Mortgage Lenders has had trouble finding enough firms to fill the slots in a top 30 lender’s table. Continue reading How many lenders are really open for buy to let business?
Experienced landlords are still expanding their buy to let portfolios and accounted for nearly 10% of all mortgage broker business in the three months ending September 30.
Soaring numbers of enquiries from tenants and a lack of properties to rent are driving demand that is giving investors’ confidence to buy more homes. Continue reading Professional landlords snap up more homes to let. Buy to let accounted for nearly 10% of all mortgage broker business in the three months ending September 30
Buy to let mortgage rates are steadily falling while the number of lenders is increasing.
BM Solutions is the latest lender to cut buy to let mortgage rates – by between 0.31% and 0.45% on a range of loans.
The intermediary-only lender has trimmed rates to bring products in line with those offered by other lenders. Continue reading Falling rates boost buy to let mortgages.
Cashflow is simply defined as regular income. Positive cashflow is when income exceeds expenditure and you make a profit. So that’s important right?
Of course it’s important, but are you in complete control of your cashflow position?’ might be a better question. The truth is there are some things you can’t control. You can’t choose what interest rates will be for example. You may also get caught out with unexpected repairs, problem tenants and rental voids. Continue reading What’s more important, cashflow or liquidity? Mark Alexander reports
Buy to let lender Paragon is jumping back into the landlord mortgage market to fill the hole left by Lloyds Banking Group tightening up borrowing terms.
Landlords can expect to see more jockeying for position in the market with new products and lenders coming to the fore as Lloyds have left a massive whole in the sector. Continue reading Paragon opens books for more buy to let mortgages
The buy to let mortgage market is in a state of flux as key lenders have changed their criteria over recent weeks.
This weekend, Lloyds Bank effectively shut up shop to portfolio landlords with more than three properties.
From close of business Friday (September 24), the bank reshuffled buy to let mortgage products and lending criteria for wholly owned brands Cheltenham & Gloucester (C&G) and BM Solutions. Continue reading Buy to let lending restrictions hamper landlord borrowing. However, quality funding lines are well and truly open to landlords with substantial cash or equity reserves. Learn how to find out who’s lending but not advertising the fact