From today The Mortgage Works has announced three new Buy to let products, but have also tempered this news with confirmed criteria withdrawals affecting Portfolio and Corporate Landlords. Continue reading The Mortgage Works withdraws from Buy to let niche markets
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
A range of new buy to let mortgages is available from leading lender The Mortgage Works from April 13.
The Mortgage Works (TMW) – the specialist buy to let lending arm of the Nationwide Building Society – is among the UK’s largest lenders to residential property investors. Continue reading TMW hots up buy to let mortgage war with new deals
The buy to let mortgage war is hotting up as more lenders cut rates as they grapple with each other to grab a larger share of the market.
Landlords are not likely to make property investment mortgages easier to access – lenders are just vying with each other to attract business to their companies rather than rivals. Continue reading Buy to let mortgage war hots up with rate cuts
It was 1992, we were at the tail of the property crash of the late 80’s and early 90’s. I was still cutting my teeth in the market of providing commercial finance broking facilities to property investors. The phrase buy to let would not be invented for another four years and the internet was in its infancy. Property prices had fallen by 30% and interest rates had soared to 15%.
Continue reading The history of No Money Down and Instant Remortgages since 1992
The buy to let mortgage market is in a state of flux as key lenders have changed their criteria over recent weeks.
This weekend, Lloyds Bank effectively shut up shop to portfolio landlords with more than three properties.
From close of business Friday (September 24), the bank reshuffled buy to let mortgage products and lending criteria for wholly owned brands Cheltenham & Gloucester (C&G) and BM Solutions. Continue reading Buy to let lending restrictions hamper landlord borrowing. However, quality funding lines are well and truly open to landlords with substantial cash or equity reserves. Learn how to find out who’s lending but not advertising the fact