Buy to let landlord should get tax breaks say Paragon
Buy to let movers and shakers have urged the government to consider the private residential landlords as businesses to promote more investment in housing.
Landlord mortgage specialist John Heron, managing director of Paragon Mortgages berated the government for failing to motivate property investors with tax breaks.
Heron made his remarks while raising the curtain on the Council of Mortgage Lenders buy to let conference at London’s Earls Court Conference Centre. Continue reading Give buy to let more tax breaks, urges Paragon MD
Many landlords are handing unnecessary cash over to the tax man because they do not know what expenses they can claim for running their property businesses.
Even a new study by landlord mortgage specialist Paragon Mortgages does not cover all the costs that a buy to let investor can claim. Continue reading Tax expert comments on Paragon Group landlord survey
Yet another property index is churning out data in a crowded market – this time for buy to let from landlord insurance firm Homelet.
The Homelet Rental Index lines up with four other established market surveys looking at the private residential letting sector. Continue reading Our survey says – there are too many property surveys
Buy to let lender Paragon Mortgages is about to test how markets react to fears about toxic mortgage debt by issuing £250 million in bonds.
The lender had to stop mortgage lending when funding for securitisation of mortgage loans dried up in the credit crunch – but the firm feels banks may now be ready to offer funds, especially after Santander recently sold £3.75 billion of bonds. Continue reading Paragon sees virtues of buy to let lending
If you’re into statistics about the private rental sector the latest report from Paragon will keep you happy for quite some time. The report, which is 32 pages long, has been summarised below. A PDF of the report can be downloaded here.
Paragon also released their half year trading figures today, download the PDF here. Continue reading Paragon Mortgages predict 20 percent of households will rent privately by 2020
EU rules that aim to tighten up mortgage lending may have an unforeseen impact on buy to let.
The draft EU mortgage directive covers all mortgages for residential property and sees no difference between buying as a home or buy to let.
The main issue for lenders is the directive makes them more responsible for showing a borrower can afford a loan. Continue reading EU mortgage rules could trap buy to let lenders
Mortgage Trust is lending to buy to let landlords again – after a three year break from the market.
The firm, a subsidiary of property investment specialist Paragon Mortgages, stopped lending in February 2008. Continue reading Mortgage Trust is back in buy to let after three year gap
Buy to let mortgage brokers are split on the performance of the sector since the start of the year – with one half claiming business is booming while the rest report no change. Continue reading Brokers split on buy to let mortgage lending
Buy to let homes are standing empty for less time as demand from tenants continues to hot up.
Landlords can expect rental home voids of just 2.8 weeks a year –down from 3.5 weeks compared with a year ago. Continue reading Tenant demand keeps buy to lets full for 50 weeks a year
Buy to let landlords are enjoying more income from the investment property portfolios, according to new figures from a leading lender.
Around one in three landlords have put rents up this year, says research from Paragon Mortgages. Continue reading Third of buy to let landlords have hiked rents this year