Tag Archives: Council of Mortgage Lenders

‘Buoyant’ buy to let lending sinks by 5%, lenders report Buy to Let News, Latest Articles, Mortgage News, Property Investment News

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


Buy to let shines as mortgage lending slumps to 40 year low Buy to Let News, Latest Articles, Property Market News

Buy to let lending was the only bright point in a year when mortgage lending slumped to the lowest levels for almost 40 years, according to the Council of Mortgage Lenders (CML).

Landlord loans were up 40% in the year with advances of £14.1 billion against £10 billion a year earlier, says the CML annual report for 2011. Continue reading Buy to let shines as mortgage lending slumps to 40 year low


Landlords urged to watch for shady solar panel dealings Buy to Let News, Latest Articles, Lettings & Management, Property Development, Property Maintenance

Landlords maximising income from buy to let properties by leasing their roof space to firms generating energy from solar panels are warned that they need to comply with mortgage lender guidelines.

Many landlords are installing solar panels that offer tenants cut-price power while siphoning off excess energy for an income under the feed-in tariff. Continue reading Landlords urged to watch for shady solar panel dealings


Mortgage interest rate FAQ Financial Advice, Latest Articles, Mortgage News

Headlines screaming out about rising mortgage interest rates are filling the news, so some facts and figures about the buy to let and home loans market should shine a light on what’s really happening.

Here is some information explaining some frequently asked questions about mortgage interest rates compiled with the help of the Council of Mortgage lenders, the trade body for all the UK’s leading bank and building society mortgage lenders: Continue reading Mortgage interest rate FAQ


Property is a Pension for 80% of Landlords Buy to Let News, Latest Articles, Mortgage News, Property Market News

Eight out of 10 landlords plan to supplement their pension income from letting property, according to the latest research by the National Landlords Association.

Landlords see buy to let as a way to increase their wealth and as a key method of generating a retirement income as an alternative to mainstream pension savings. Continue reading Property is a Pension for 80% of Landlords


Buy to Let Lenders Forget to Mention the Missing Link Buy to Let News, Latest Articles, Mortgage News, Property Market News, UK Property Forum for Buy to Let Landlords

Buy to let mortgage lending is going from strength to strength, according to industry trade body the Council of Mortgage Lenders.

In a lengthy review of the market, the CML discusses various reasons why buy to let is thriving while the rest of the mortgage market is in the doldrums – but fails to mention a key fact. Continue reading Buy to Let Lenders Forget to Mention the Missing Link


Buy to Let Lending is Up – But It’s Not Booming Buy to Let News, Latest Articles, Property Investment News

The latest buy to let lending figures highlight a rise in landlord borrowing – but the statistics are shrouding an underlying trend.

Interpreting the figures comes down to some careful reading of how the Council of Mortgage Lenders (CML) reports the findings. Continue reading Buy to Let Lending is Up – But It’s Not Booming


Mortgage Lenders Paying Deposits on a Private Let????? Have you Gone Mad? Guest Articles, Guest Columns

Most readers of my articles know about my work on landlord/tenant law issues. What many of you don’t know is that 50% of my work these days is negotiating with banks to stop repossessions where people are in mortgage arrears, which is a whole different ballgame. You thought landlord-Tenant law was complicated?????

In 1904 an appeal court judge hearing the case of Samuel v. Jarrah Timber and Wood Paving Corporation said “Nobody, I am sure, by the light of nature, ever understood an English mortgage of real estate”…..certainly not me who has to fight the borrower’s corner, nor the army of staff working for banks who argue from the other side. We all hack about hoping we aren’t being too wide of the mark and run cases by county court judges who often look similarly perplexed. Continue reading Mortgage Lenders Paying Deposits on a Private Let????? Have you Gone Mad?


Housing Market has Bottomed Out, Say Mortgage Lenders Latest Articles, Mortgage News, Property Investment News

Big red arrow pointing downwards

"The mortgage market has hit rock-bottom"

House prices and the state of the property market have probably hit rock bottom, according to banks and building societies.

Property values are about to level out and then show a modest increase, says the Council of Mortgage Lenders (CML), which speaks for all Britain’s major mortgage lenders.

Mortgage availability is also ‘broadly stable’ and has remained at around the same levels for two years, adds the CML.

The housing market analysis is based on the latest economic figures released by the government and the Bank of England.

The CML backs a Treasury forecast that suggest house prices have bottomed out and will stabilise over the next 18 months or so before beginning to rise in line with wage inflation.

“Despite the weakness of consumer sentiment associated with ongoing pressure on household incomes and the uncertain economic outlook, there are no signs of significant house price falls,” said CML chief economist Bob Pannell.

“Values continue to be strongly underpinned by the limited volumes of new build and forced sales. While current survey data suggests that house prices nationally may be drifting modestly lower in nominal terms, the prevailing view among economists is for house prices to stabilise through 2012 and then revert to growth of four to five per cent per year from 2014 onwards.”

Meanwhile, research by the Intermediary Mortgage Lenders Association (IMLA), the trade body representing lenders that market products through brokers, has revealed 34 per cent of intermediaries believe standard mortgage business levels will improve during the fourth quarter of the year, with 26 per cent expecting business levels to increase between three per cent and seven per cent.

IMLA chairman John Heron said: “This positive attitude from intermediaries is a reflection of the general improvement seen recently in the mortgage market. The pickup is slow but market conditions are gradually improving, particularly in the buy-to-let and remortgage markets.”


Buy to Let Keeps Mortgage Market Afloat Buy to Let News, Latest Articles, Mortgage News, Property Investment News

Small white houses with big sale sign behind

"Nearly half investors remortgage for new property purchases"

Capital raising to invest in more property is driving the buy to let remortgage market, according to a lender.

Almost half of landlords (47 per cent) told Paragon Mortgages that their main reason for remortgaging was to raise funds to expand their portfolios.

More than a third (35 per cent) switched mortgages for a better interest rate. A few (8 per cent) were not happy with their lender and a similar number were encouraged to go to take another deal by their lenders. Continue reading Buy to Let Keeps Mortgage Market Afloat


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