Financial watchdog is alerting landlords to watch out for property hijacking by fraudsters and crooked mortgage brokers.
The Financial Services Authority has circulated the warning to all small financial advice firms in the UK to pass on to clients. Continue reading Property hijacks prompt fraud alert from the FSA
The number of buy to let mortgages has more than doubled over the past three years – with more special deals only available from brokers.
Landlords and property investors can choose from 483 different mortgages – up from 237 in October 2008, according to independent financial monitor Defaqto.
The number keeps rising as more lenders expand their ranges or join the market.
The cheapest fixed rate mortgage is the Platform four-year fixed rate deal at 4.79% available to January 31, 2016. Continue reading Landlords Have Double the Choice of Buy to Let Mortgages
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