Tag Archives: Buy to let rates

Buy to Let Arrangement Fees Reduced by Godiva and Platform Buy to Let News, Latest Articles, Mortgage News, Property Market News

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 rents keep rising as tenants get poorer Buy to Let News, Latest Articles, Lettings & Management

The average UK rent increased by 2.6% in March to £764 a month, according to the latest survey by specialist landlord insurers Homelet.

London rents are still defying gravity and average £1,156 a month. Continue reading Buy to let rents keep rising as tenants get poorer


Buy to Let lead generator Buy to Let News, Latest Articles, Lettings & Management, Property Investment News, Property Market News, Property Sales & Sourcing, Property Sourcing

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


Rents are cooling – but tenants still expect to pay more Buy to Let News, Latest Articles, Property Market News

Buy to let rent increases are slowing down – but 60% of tenants still expect to pay more to landlords by the end of the year.

More than 70% believe the current letting market favours landlords, while 55% of tenants say they are ‘trapped renters’ who would like to buy but can’t afford a home, according to online property portal Rightmove. Continue reading Rents are cooling – but tenants still expect to pay more


Buy to let rents are still rising, say letting agents Buy to Let News, Latest Articles

Rents are still rising – but at a much slower rate than a year ago, according to a study from one of the UK’s largest letting agents.

Average rents in England and Wales nudged up 0.01% to £712 a month in January – the first time rents have risen in January and the first monthly rise for three months, says LSL Property Services.

The firm, which runs letting agents Your Move and Reeds Rains, says rent inflation for 2011 was 4% or a £30 rise over the year. Continue reading Buy to let rents are still rising, say letting agents


Rents are Lower than Most Landlords Believe, Claims Belvoir Buy to Let News, Latest Articles, Lettings & Management, Property Market News

Too many self-interest groups are inflating the real rents buy to let landlords are picking up, claims letting specialist Belvoir.

Data and interpretations are out of step with reality because most of the claims are from operators around London, where rents are much higher than elsewhere.

Belvoir – which has 140 nationwide offices – has reviewed letting data from the past four years and reckons rents in most areas are no higher than they were in 2008, although headline averages make them look much higher. Continue reading Rents are Lower than Most Landlords Believe, Claims Belvoir


Aldermore Announce 80% LTV Buy to Let News, Latest Articles, Mortgage News, Property Investment News, Property Market News


News Sourced by Property118 News Team


Aldermore have increased the loan-to-value on its fixed buy to let range to 80%, as well as reducing its buy to let reversion rates by 0.5%. They’ve also reduced their two year discount and three and five year fixed rates.

The maximum portfolio size has been increased to 5 properties and £2million with a maximum loan available at £400,000. The property must also be valued at over £75,000. Continue reading Aldermore Announce 80% LTV


Buy to Let Rents Set to Surge by 20% Buy to Let News, House Prices, Latest Articles, Lettings & Management

Buy to let landlords will see properties generating a better return from rents than yields over the next five years, according to a leading property consultancy.

Savills have forecast rents will surge upwards by 20.5% as the housing market shifts from a buying to renting model, driving more tenants to let property. Continue reading Buy to Let Rents Set to Surge by 20%


Average Rent Down For Second Month in a Row Latest Articles, Property Market News

Red arrow going downwards
The latest Homelet index found average rent prices dropped last month, only the second time it’s dropped in successive months this year.

Across the country prices fluctuated, some regions saw big price drops while the regions where prices rose only did so slightly, accounting for the drop. East Anglia saw the biggest drop, dropping back under the £700 mark to £659. Continue reading Average Rent Down For Second Month in a Row


Yorkshire Launches Limited Buy to Let Lending Buy to Let News, Latest Articles, Mortgage News

Yorkshire Bank Logo

"Yorkshire Building Society moving inot buy to let"

Yorkshire Building Society is taking a tentative step in to buy to let lending with a limited range of mortgages for landlords.

Buy to let borrowing will be available through the building society’s subsidiary Accord Mortgages.

The plan is for a ‘suck it and see’ approach for the Yorkshire’s first foray in to the buy to let market by offering loans only in London and the South East.

Only a small flow of funds is available to start as the Yorkshire runs a live test on systems.

The Yorkshire inherited a buy to let lending book from recent merger with the troubled Chelsea Building Society.

Yorkshire’s head of buy to let, Jeremy Law, said: “As a financially strong independent mutual, our primary focus is, and always will be, the interests of our members.  We will approach buy to let mortgages as we would with any other home loan, as a responsible and prudent lender.

“Initially, we plan to offer products for properties located in London and the South East to ensure a manageable entry into the market.  However, we hope that we may be able to extend our geographical spread later in the year once we have our operation up and running.”

The Yorkshire has not released any product details yet.

Meanwhile other lenders continue to adjust their rates and lending criteria to make their offerings more attractive to landlords.

Aldermore Bank is inviting applications for buy to let mortgages from first-time property investors and increased the maximum age for borrowers to 85 years-old.

Charles Haresnape, managing director of residential mortgages at Aldermore, said: “We’ve listened carefully to feedback from brokers and expect these enhancements to our buy-to-let criteria to be well received.

“As we’re now happy to consider first time landlords, as well as increasing our maximum borrowers’ age to 85, these additional benefits make the product more flexible and helps to open up the buy-to-let market to new customers.”

The bank’s interest rates start at 4.68%.


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