Tag Archives: Mortgage market news

1 in 5 Mortgage Applications are for Buy to Let Buy to Let News, Latest Articles, Mortgage News, Property Market News

Buy to let mortgage applications make up one in five of all home loan applications, according to one of the UK’s largest estate agents.

Haart also claims buy to let remortgage applications reached a new high for the year, despite the Council of Mortgage Lenders disclosing the number dropped by 1% in the first three months of the year in official figures. Continue reading 1 in 5 Mortgage Applications are for Buy to Let


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


Principality 70% LTV buy to let rate revised Buy to Let News, Latest Articles, Mortgage News, Property Investment News, Property Market News

Principality has revised one of its two buy to let products upwards.

The new rate at 4.99% has a low fixed product fee of £999 and includes a free valuation and remortgage service, reducing upfront costs for larger loan amounts up to a maximum of 70% Loan to Value. Continue reading Principality 70% LTV buy to let rate revised


So you think you know what really caused the Credit Crunch? Financial Advice, Guest Columns, Property Investment Strategies

Well think again, but before I tell you what really caused the credit crunch, I must first explain why I wrote this article.

Recently after reading several books on property investment, each offering up their own reasons for what caused the credit crunch/ property crash it was clear that the real reason was being missed. Contributing factors just like a runny nose and a sore throat are just symptoms of a cold; they are not the actual cause. Continue reading So you think you know what really caused the Credit Crunch?


Godiva Rate Added to buy to let mortgage calculator Buy to Let News, Latest Articles, Mortgage News

Godiva 3.65% two year Bank Base Rate Tracker for buy to let.

Godiva has an attractive looking Tracker product with fixed arrangement fees instead of a percentage of the loan amount, making it especially competitive for higher value loan amounts up to a maximum of 65% Loan to Value. Continue reading Godiva Rate Added to buy to let mortgage calculator


Confidence is high for buy to let landlords and brokers Buy to Let News, Latest Articles, Mortgage News, Property Market News

Buy to let mortgage brokers are celebrating a buoyant first quarter of business as landlord demand for loans increased.

Almost 80% of mortgage brokers expect buy to let to continue growing for the rest of the year, according to the findings of a buy to let broker sentiment survey by Paragon Mortgages. Continue reading Confidence is high for buy to let landlords and brokers


Spotlight on two 80% Buy to Let products Buy to Let News, Latest Articles, Property Investment Strategies

Two similar products – look at the detail.

This is an example of the terms, criteria and costs I would consider for Landlords looking to borrow 80% Loan to Value and minimise the capital required to purchase a property, or maximise the amount of equity that can be released. Below are two very similarly priced products from different lenders and how they could be assessed. Continue reading Spotlight on two 80% Buy to Let products


Landlords safe from Bank of Ireland mortgage rate hike for now Buy to Let News, Financial Advice, Latest Articles, Mortgage News, Property Investment News, Property Market News

Landlords safe from Bank of Ireland mortgage rate hike for nowLandlords with Bank of Ireland buy to let loans can breathe a sigh of relief as mortgage interest rates are hiked by new owner the Nationwide.

The bank’s standard variable rates for residential mortgage borrowers are set to rise from 2.99%, to 3.99% in June and then to 4.49% in September, affecting around 100,000 customers. Continue reading Landlords safe from Bank of Ireland mortgage rate hike for now


Bank wants to pry into your personal spending Buy to Let News, Latest Articles, Mortgage News, Property Market News

Mortgage underwriters are set to ask borrowers detailed personal questions about their spending habits as the banks tighten up lending rules.

Santander’s Abbey for Intermediaries – which includes buy to let lending for landlords – will quiz applicants about how much they spent on Christmas and birthday presents.

Other one-off spending will also come under scrutiny, like holidays, celebrations and ‘miscellaneous’ spending. Continue reading Bank wants to pry into your personal spending


First ever government-backed mortgage indemnity scheme set to launch in March Latest Articles, Mortgage News, Property Investment News, Property Market News


-By Guest Columnist Daniel Coleman


The first ever government-backed mortgage indemnity scheme is set to be officially launched within the next few weeks. The NewBuy Guarantee scheme which takes off in March, aims to help 100,000 homebuyers who only have access to a five percent deposit to purchase a new-build property, in order to kick-start the housing market.

Under the new programme, developed jointly by the Home Builders Federation and Council of Mortgage Lenders, 95 percent mortgages will be made available to people spending up to the value of £500,000, a larger value than expected, on a new-build property. This will be great news for first-time buyers in the capital, where the average price of housing is much higher than anywhere else in the UK and also for existing homeowners who are looking to move up the property ladder into bigger homes. Continue reading First ever government-backed mortgage indemnity scheme set to launch in March


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