The Telegraph is reporting on the problem associated with the ‘flawed rules’ with the EPC test. We have been lobbying Government for some time regarding the review into EPC’s, and also into the Minimum Energy Efficiency Standard (MEES) which can be seen here, but to...
Mortgage Introducer have published the findings of a survey by Paragon Bank. It can be seen here, and says: The proportion of landlords who plan to purchase their next buy-to-let property through a limited company has hit its highest level for three years, according to research undertaken on behalf of Paragon Bank. A substantial uplift […]
UK house prices set another record high in June, according to figures from mortgage lender Nationwide on Thursday (30/6/22), although growth slowed amid tentative signs of a slowdown in the housing market. On an annual basis, the Nationwide house price index rose by 10.7% in June, slowing from the 11.2% climb in May. The print […]
The Telegraph have run an article on landlords suffering with the mortgage rate rises. It can be seen here (subscription might be required), stating that ‘Landlords stuck on variable rate mortgages are seeing their profits vanish as lenders increase their bills as much as five times in six months. Rising interest rates mean buy-to-let investors […]
Barclays has said it is buying specialist mortgage lender Kensington Mortgage to take a bigger share of the UK housing market. The deal is worth around GBP2.3 billion, Barclays said. It requires UK regulatory approval and is expected to complete at the end of the fourth quarter or in first quarter of 2023. “The acquisition […]
The Telegraph have run an article on the threat of landlords leaving the market. It can be seen here (subscription might be required) stating ‘Homeowners are paying thousands of pounds in penalties to end their current mortgage and lock in a new deal before interest rates rise even further.’ Angus Stewart, of broker Property Master, […]
Landlords who sold off properties from the private rented sector during the COVID-19 pandemic are often not returning to the market amid new, purse-tightening pressures. “Landlords who were left hit by the pandemic are now facing a cost-of-living crisis,” according to Rachel Springall, finance expert at Moneyfacts. “The appetite for the buy-to-let market has changed […]
New right to buy plans and changes for housing benefits claimants are being unveiled by the government. The schemes are being announced by Boris Johnson today as he looks to reset his government after the confidence vote. Under proposals announced to the media, low-paid workers will be able to use housing benefits to buy their […]
The Telegraph have published an article that Landlords are battling an affordability crunch as banks clamp down on borrowing over fears the cost of living crisis will push up rental arrears. According to Chris Sykes, of the mortgage broker Private Finance, this means that a landlord who expects monthly rental income of £1,000 will see […]
Landlords who have mortgages from the Yorkshire Building Society have been told that they do not need to inform the lender if they have signed up to the government’s Homes for Ukraine scheme helping refugees from the war.The society has advised customers – landlords and owner occupiers – that no changes will be made to […]
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The Telegraph is reporting on the problem associated with the ‘flawed rules’ with the EPC test. We have been lobbying...
Mortgage Introducer have published the findings of a survey by Paragon Bank. It can be seen here, and says: The...
UK house prices set another record high in June, according to figures from mortgage lender Nationwide on Thursday...