I’ve always been a big believer in collaboration not competition and that’s why I’m so pleased to see the on-going success of Property Tribes (my favourite internet discussion forum) and one which this website has such strong ties with.
I say strong ties, but these ties are based on mutual respect and the desire to enrich the property community, not commercial ties, because there has never been a commercial transaction or relationship between the two sites.
Property Tribes and Property 118 have stood together and grown together, sharing the same values and belief in education, building a network and building social proof in an open, respectful, supportive, and professional manner. Continue reading From Rock n’ roll to bricks n’ mortar … a short review of Property Tribes
An existing halls of residence in the heart of Sunderland, Dunn House has been identified as a prime location for private investment, due to the shortage of student accommodation in the area, in relation to the high number of students enrolled at the university.
Student BuyToLet Properties in Sunderland – 10% yield
Currently undergoing an extensive refurbishment to elevate it to the high standard now considered a benchmark for boutique student accommodation, the residence is comprised of 109 single and double studio units and is assured to generate investors 10% NET rental returns for years one and two. Continue reading Student BuyToLet Properties Sunderland – 10% yield
The good news is that confidence and competition in the buy to let market has stood firm in the face of other economic concerns such as the problems in Europe.
The Mortgage Works, who are one of the leading buy to let lenders in terms of market share and product range, have extended all their product terms by two months keeping interest rates and loan to values including 80% the same. Continue reading Buy to Let mortgage market and products update
Buy to let mortgage borrowing is expected to increase even more as lenders switch funds away from movers and first time buyers to landlords.
Several key lenders have already pledged more funds for buy to let – including the Co-op Bank and The Mortgage Works, the property investment subsidiary of the Nationwide Building Society. Continue reading Lenders cut rates with new buy to let mortgage deals
This week’s edition features Julie Ford looking at the rise of virgin landlords and Ben Reeve-Lewis delves deeper into his Tenancy Relations Officer role. There is also news of buy to let mortgage changes, an update on the government and insurance companies stand off and a round up of landlords in court.
Continue reading Property118 Landlords Newsletter – Issue 114
The Coventry Building Society has cut rates and fees on buy to let loans through subsidiary Godiva.
Two year fixed rates are offered at 4.30% at 65% loan to value with a £250 booking fee and no arrangement fee, while another two-year fix is available at 3.99% with a £250 booking fee and a £749 arrangement fee.
Platform has also cut buy to let rates across a range of tracker and fixed rate buy-to-let products. Continue reading Buy to Let Arrangement Fees Reduced by Godiva and Platform
Co-Operative Bank buy to let mortgage customers can breathe a sigh of relief as the wholesale scrapping of interest only loans does not include buy to let borrowers.
The bank’s specialist property investment subsidiary Platform will continue to offer interest only deals to landlords. Continue reading All change on the buy to let mortgage front
With the tenancy deposit protection changes coming into force overnight, research by digital inventory platform Imfuna has found 0% of landlords questioned felt deposit protection schemes are designed in favour of landlords.
Over half of those questioned, 54%, believed they are designed to favour the tenant. Letting agents appeared to agree, 52% had tenants being favoured. Continue reading Landlords and Tenancy Deposit Schemes – A rocky relationship?
Let to buy mortgage lenders are inflicting stinging interest rates on reluctant landlords who have to rent out their homes to move.
Brokers and lenders say they are handling more applications from homeowners who are desperate to move because of personal or work commitments.
Reluctant landlords have a choice – either asking their lender for a ‘consent to let’ or remortgaging under a let to buy deal that gives them the funds as a deposit for another property. Continue reading Reluctant landlords pay more for mortgage deals
Three cheers for competition. A few weeks ago TDS, The Dispute Service, announced Deposit Guard, which at launch undercut the costs charged by My Deposits, and made a push for self-managing landlords, rather than agents. My Deposits have retaliated, by reducing their fees for agents, but not landlords. This may follow, and we shall keep members informed. The third, custodial scheme, used by many, as a free scheme is not affected.
Continue reading Eastern Landlords Association MARCH 2012 NEWSLETTER