Posts Tagged ‘Buy to let’

FOS rule West Brom Tracker Rate Hike is fair


The FOS (Financial Ombudsman Service) have done it again!  In the past the FOS have controversially agreed that rate hikes applied by Bank of Ireland, Skipton Building Society (Amber Homeloans) and also the Danske Bank (formerly National Irish Bank) were fair. Therefore, is it really that shocking that FOS would also rule in favour of West… Read more

Innovative New BTL Mortgage Product


85% LTV, low rates and fees AND positive cashflow on new BTL purchases? Yes it’s true, and it’s available NOW! The eagerly awaited collaboration between a market leading BTL mortgage provider and the UK’s only provider of BTL equity finance has now been launched – AT LAST!!! The resultant product allows landlords to purchase properties… Read more

Remember our background is in BuytoLet and Commercial finance


Mark, Mike and I met through the common background of BuytoLet and Commercial Finance. Over the years through The Money Centre and now Property118 we have literally helped 10s of thousands of Landlords, developers and investors start and grow their property businesses. Unfortunately we are now old enough to have seen, done and bought the… Read more

Buy to Let mortgage

Buy to Let mortgage rates moving down not up with Virgin!


Despite the Press and politicians misreporting and misunderstanding Mark Carney’s (the Governor of The Bank of England) latest comments, Virgin Money have actually reduced their Buy to Let mortgage rates for lower Loan to Values. Mr Carney did not say interest were definitely going up this year and Virgin Money are proving that point by… Read more

rental yields

Rental Yields – Chart of the top 50 areas in England and Wales


HSBC has released a report showing the average rental yields for the top Buy to Let hotspots of England and Wales based on data from the Office of National Statistics (ONS) and Land Registry. This information broken down to specific areas is valuable for Landlords looking for future property investments, giving a base line picture… Read more

Message from Anthony Wilson of Ashley Wilson Solicitors LLP


My name is Tony Wilson. I have today committed £15,000.00 to the fund to enable Mark Alexander and Mark Smith carry on the superb work they are doing on behalf of buy to let landlords who are being (in my view) mistreated by the West Bromwich Mortgage Company. As a solicitor who has been in… Read more


News Flash – 80% LTV available on New Build Flats!!


Ever since the Credit Crunch it has been very hard to finance new build flats on Buy to Let mortgages with lenders criteria either a straight No, or at a reduced Loan to Value. However Aldermore commercial have now released new criteria allowing 80% maximum LTV on new build flats for individual, company applicants and… Read more

Buy to Let may come under more scrutiny post MMR

The Mortgage Market Review MMR will come into effect on the 26th of April. The New MMR rules will force lenders to prove that borrowers can afford the monthly mortgage payments on their FCA regulated main residence loans. This will involve much stricter proof on Full Fact Finds and applications showing monthly budget planners indicating… Read more

West Bromwich Building Society

Property118 Members vs West Bromwich Mortgage Company


UPDATE – 31st March 2014 Since publishing this article our campaign has raised over £450,000 and legal action has now commenced. The official closing date for borrowers to be represented in this action was 28th March 2014. However, it may still be possible to be included in the representative action by paying additional fees to… Read more

Offset mortgage can provide instant access war chests for Buy to Let investors


Recently a Property118 reader remortgaged his own main residence using an Offset mortgage. It was valued at £700k and he capital raised a further £300k (bringing his mortgage to a new total of £450k). He then placed the £300,000 equity released in to the mortgage-linked offset savings account. By doing this he is still only… Read more

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