Tag Archives: Buy to Let News

Buy to let love affair is still blossoming for landlords Buy to Let News, Latest Articles, Property Investment News

model property with to rent sign outsideIt’s official – thousands more tenants are chasing fewer buy to lets as online property portal Rightmove reports searches for homes to let are up 66% over the past two years.

In the same time, the number of available homes has dropped by 25%. Continue reading Buy to let love affair is still blossoming for landlords


Buy to let mortgage rates cut by TMW Buy to Let News, Latest Articles, Mortgage News, Property Market News

Calculator on pad The Mortgage Works (TMW) has cut interest rates across some buy to let mortgages and launched a new fixed rate deal.

Rates are down by 0.5% on mortgages for first landlords, let to buy borrowers and those offering free valuations and legal fees.

The new fixed rate is 4.99% at 50% loan-to-value over five years with a 3.5% arrangement fee. Continue reading Buy to let mortgage rates cut by TMW


Buy to let wins as lenders dump first time buyers Buy to Let News, Latest Articles, Mortgage News

Model Houses For rent signThe buy to let market will ride on the crest of a wave for another two years as mortgage lenders revealed they do not expect to help first time buyers for possibly years.

That bad news leaves thousands of expectant homebuyers adrift in the property market with letting as the only real option for setting up home.

The message from the UK’s banks and building societies is a clear ‘closed for business’ to first time buyers. Continue reading Buy to let wins as lenders dump first time buyers


A million buy to lets may slip in to negative equity Latest Articles

Monopoly houses on coins A million buy to let properties could slide in to negative equity over the next two years if house prices keep falling, warns credit rating firm Standard and Poors.

Analysts at the agency reckon if house prices dropped by 5% this year and next year, 30% of the UK’s 3.1 million buy to let homes would be worth less than any mortgages owed on the properties.

Continue reading A million buy to lets may slip in to negative equity


EU mortgage rules could trap buy to let lenders Commercial Finance, Latest Articles

EU FlagEU 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


Tenants still queuing to rent, say buy to let landlords Commercial Finance, Latest Articles, Lettings & Management, Property Development

Row of buy to let signsLandlords are reporting a continuing demand for rented homes as mortgage lenders keep a tight lid on borrowing.

Signs are that the market is shifting away from first time buyers in favour of buy to let as the UK’s largest property investment lender, the Nationwide, called for more tax breaks for landlords.

The Nationwide – which lends to investors under The Mortgage Works brand – said they would rather lend to an established landlord at 95% loan to value than a first time buyer. Continue reading Tenants still queuing to rent, say buy to let landlords


Buy to let cannabis farmers jailed Latest Articles

Cannabis plantThe risk of drugs gangs preying on unsuspecting buy to let landlords to set up cannabis farms was highlighted in two separate court cases this week.

Insurer Aviva warned property owners that claims for damage to property had soared by almost a third last year as police seized more than 750,000 plants – mostly in lots of less than 50 plants. Continue reading Buy to let cannabis farmers jailed


Buy to let borrowing eases as lenders revamp deals Latest Articles

Buy to let mortgage restrictions are relaxing as more lenders announce a return to the market.

Aldermore Bank is stretching its comfort zone to take on a little more risk by allowing landlords to have loans on three rather than two properties, subject to a total loan value of £1 million and rent cover of 125%. Continue reading Buy to let borrowing eases as lenders revamp deals


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