Tag Archives: Mortgage market

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


Landlords Have Double the Choice of Buy to Let Mortgages Buy to Let News, Latest Articles, Mortgage News

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


Introducing Crazie & Co. Commercial Finance Brokers in Southampton, Dorset, UK Commercial Finance, Latest Articles

Commercial Finance Brokers Southampton NACFB Logo Crazie & Co. Commercial Finance Brokers operate from Southampton UKbut they arrange business financing for SME’s throughout the England and Wales.  The owners were in commercial banking and arranged all forms of funding from development finance and commercial mortgages through to invoice discounting and lease purchase finance.

Crazy & Co are not NACFB Members but probably would be if they were a real business.

NOTE – this is a spoof to demonstrate our SEO capabilities however, please carry on reading but by all means skip the next two paragraphs and don’t bother watching the video as it’s only there to show you where you could place your video. Continue reading Introducing Crazie & Co. Commercial Finance Brokers in Southampton, Dorset, UK


Property ‘cash machines’ are out of money, warns banker Financial Advice, Latest Articles

Building Sociecties Association logoDrawing money from a property ‘cash machine’ is over and home owners will have to live within their means, a senior banker has predicted.

Speaking at the Building Societies Association annual conference in Birmingham, Credit Suisse’s senior adviser Robert Parker has claimed mortgage rules will stop home owners taking money from property values stoked by inflation. Continue reading Property ‘cash machines’ are out of money, warns banker


Buying a home can save £100 on renting it Latest Articles, Property Sales & Sourcing

House on Calculator

Due to low mortgage interest rates, buying a home is becoming more affordable than renting.

The monthly cost of buying a three-bed home is £608, £98 lower than renting the same property, according to a study by The Halifax.

Continue reading Buying a home can save £100 on renting it


Buy to let mortgage options double for landlords Latest Articles

Buy to let borrowers and property investors can choose from almost 300 mortgage packages – more than double the number available a year ago.

Competition between banks and building societies has hotted up as more lenders joined the market, and is set to intensify as more prepare to start lending in the coming months. Continue reading Buy to let mortgage options double for landlords


Buy to let market expanded by 7% in 2010 Latest Articles

The truth is finally out about how the buy to let market performed in 2010 as the Council of Mortgage Lenders (CML) has released the latest loan figures for property investors.

The figures confirm the market expanded by 7%, with about 1.3 million buy to let mortgages worth £152 billion on the books of the UK’s major banks and building societies.

The buy to let sector accounts for around 12% of the UK’s total residential mortgages by number and value.

Lending in 2010 was £10.4 billion, up 22% from 2009, and the total number of  new loans  was 102,000, which was 10% higher than the previous year.

In the last three months of 2010,  28,600 new buy to let loans worth £3 billion were advanced.

Landlord mortgage arrears also fell back during the year.

The general CML view is that buy to let arrears have dropped in line with residential mortgage arrears, after running at a higher rate.

Lenders expect surging rental demand to continue

Low interest rates are a key driver of this narrowing of the gap, since most buy to let loans are interest only and gain a greater benefit from lower interest payments than capital-and-interest rates paid by other homeowners.

The CML expects strong rental demand to remain throughout 2011, mainly due to high deposits needed by first time buyers. Banks and building societies do not expect this to change in the foreseeable future.

CML director general Michael Coogan said: “Funding remains a key constraint on growth in buy-to-let lending, but demand seems to be resilient and loan performance has improved.

“Looking ahead, loan performance could potentially be adversely affected by rising rent arrears or interest rate rises, but at present there is no indication of these pressures materialising in practice.

“There is also a strong counterbalancing growth influence on the buy-to-let market, as tenant demand seems set to remain high in the face of continuing deposit constraints to entering the owner-occupier market.”


Property Forum and News website where UK landlords and letting agents share best practice