Buy to let is here to stay and even more families will have to rent if the economy does not improve, says new research.
The number of private renters is expected to jump from 18% to 22% by 2025 – up from 7% in 1994 – reports a study from the Resolution Foundation for housing charity Shelter. Continue reading Buy to let here to stay and will only grow, says Shelter
The Coventry Building Society has cut rates and fees on buy to let loans through subsidiary Godiva.
Two year fixed rates are offered at 4.30% at 65% loan to value with a £250 booking fee and no arrangement fee, while another two-year fix is available at 3.99% with a £250 booking fee and a £749 arrangement fee.
Platform has also cut buy to let rates across a range of tracker and fixed rate buy-to-let products. Continue reading Buy to Let Arrangement Fees Reduced by Godiva and Platform
Buy to let borrowing was down 5% in the first three months of the year after a barnstorming end to 2011.
In figures that revealed buy to let is treading water rather than buoyant, new landlord loans totaled £3.7 billion, according to the latest official figures from bank and building society trade body the Council of Mortgage Lenders (CML). Continue reading ‘Buoyant’ buy to let lending sinks by 5%, lenders report
Co-Operative Bank buy to let mortgage customers can breathe a sigh of relief as the wholesale scrapping of interest only loans does not include buy to let borrowers.
The bank’s specialist property investment subsidiary Platform will continue to offer interest only deals to landlords. Continue reading All change on the buy to let mortgage front
Godiva 3.65% two year Bank Base Rate Tracker for buy to let.
Godiva has an attractive looking Tracker product with fixed arrangement fees instead of a percentage of the loan amount, making it especially competitive for higher value loan amounts up to a maximum of 65% Loan to Value. Continue reading Godiva Rate Added to buy to let mortgage calculator
I have just read a thread on Property Tribes that says Hounslow Council have been prevented so far from evicting a tenant because she is claiming that they are contravening her human rights under Article 8 of Human Rights Act 1998. Continue reading Landlords face possibility that they may not be able to evict tenants under Human Rights Law!
Firstly to give a level playing field you need to make two assumptions:
Next you need to decide over what period of time you would like to compare the cost of the products. You need to consider longer term strategy that will affect your mortgage decisions such as plans to raise capital, pay lump sums off, sell, remortgage etc. Continue reading How to choose a Buy to Let mortgage based purely on cost
Demand for buy to let lending has dropped for the first time in two years, according to the latest Bank of England lending survey.
Specialist landlord lenders told the Bank that they expect the figures to be a blip and the market will quickly recover from the slight fall. Continue reading First drop in buy to let lending for two years
A new piece of lead generation software has been created by Property118.com to help businesses providing services to landlords to know when their clients and other people visiting their website are considering the purchase of buy to let property investments.
Research has shown that many service providers welcome the opportunity to offer landlords advice prior to them committing themselves to something which may not be in their best interests. Continue reading Buy to Let lead generator
Buy to let landlords added 84,000 rental properties to their portfolios in 2011, according to the latest figures from mortgage firms.
To put the market into perspective, at the peak of buy to let lending, 93,000 loans worth £12.7 billion were advanced in just three months between June and September 2007.
That compared to 69,100 loans in the last six months of 2011 worth £8 billion. Continue reading Buy to Let Lending Under the Microscope for 2011
