Cash-strapped banks are offering to write off huge amounts to encourage landlords and property investors to remortgage to another lender.
Some banks are offering up to 25% of any mortgage debt as an incentive. Continue reading Buy to let lenders offer ‘golden goodbye’ discounts
Buy to let lenders keen to attract new landlords have released several broker-only products with some keen incentives.
Although most industry experts have predicted availability of funds will remain tight for several months, some lenders want to broaden their market share by extending borrowing to buy to let investors. Continue reading Buy to let mortgage lenders slash rates
Lenders and commentators – including the influential Paul Fisher, the Bank of England’s director of markets – are warning that the natural interest rate in a well-functioning economy is around the 5% mark.
With the Bank of England base rate stuck firmly at 0.5% since March 2009, many are worried that buy to let landlords have not subjected their property businesses to a robust stress-test to see what happens when rates go up. Continue reading Why some mortgage lenders including Paragon Mortgages Stress Test at 9% or more