Mortgage lenders are quietly furious behind the scenes that Prime Minister David Cameron’s Euro treaty veto may have scuppered their fight to block the regulation of buy to let loans.
As the dust settles on the UK’s lonely position standing in the kitchen looking on at the Eurozone party, buy to let could be one of the victims. Continue reading Cameron veto may mean buy to let regulation by EU
The buy to let market will grind to a halt if EU proposals to change the way lenders hand out mortgages to landlords are approved, claim experts. Do not let this happen – sign the petition linked below.
The new rules will stop landlords buying new property to rent and restrict mortgage lending that will shrink the number of buyers and push house prices down.
This could put landlords and homeowners in to negative equity that would make selling homes impossible. Continue reading EU Trying To Kill Buy To Let – sign the petition to STOP it now.
Consumer champions are warning homeowners with financial problems about property speculators who offer a way to avoid repossession with lease option deals.
The Financial Services Authority (FSA) is drafting guidelines warning homeowners about some unscrupulous companies that fail to deliver their promises to stop repossessions or ease their financial problems.
Lease options are a controversial property investment tool favoured by speculators looking for below market value deals. Continue reading FSA to Warn Homeowners About Misleading Lease Option Deals
Home buyers came out with the sun as the number of viewings increased last month, according to estate agents; however, home sales are still sluggish due to the lack of mortgage funding.
Continue reading Sun brings out viewers, but home sales still sluggish
Estate agents have more houses to sell than they have had available for more than eight months.
Firms across the country are reporting a surge of homeowners wanting to sell – but homes are sticking on the market because they are reluctant to decrease selling prices and buyers are still finding mortgages hard to find. Continue reading More sellers but same old housing market problems hit sales