The Financial Conduct Authority (FCA) has updating borrowers’ responsibilities to their existing mortgage holders, will only cover ‘regulated’ products. You can see the full details here. This means that buy-to-let mortgages, which are deemed to be ‘unregulated...
A building society that last summer scrapped all lending on some holiday homes has now come up with another unusual policy – not charging fees to borrowers who fall into arrears.In August the Leeds Building Society decided that it would continue with buy to let loans and mortgages for holiday homes available to let for […]
Barry Webb, chief executive of Mortgage Saving Experts has commented that landlords, battered by high interest rates and tightening energy-efficiency regulations, are losing patience with the property market. Webb has noticed this particularly in the south of the country, where rental yields are lower because property prices are higher. Fewer landlords have been purchasing properties […]
Mortgage approvals in Britain plunged much more than expected in November according to fresh data, as the fallout from the ill-fated mini-budget of the short-lived Truss administration lingered. According to the Bank of England, around 46,100 mortgages were approved in the month, sliding from a revised total of 57,900 in October. It was also well […]
The Telegraph published an article just after Christmas questioning whether 2023 might see the collapse of the buy-to-let market. This is mostly due to the reduced tax relief coupled with rising costs, especially mortgage rates. The article can be seen here (subscription might be necessary)
The Telegraph are reporting the problems of Section 24 tax amendments, now being shown up by rising interest rates. The article can be seen here (subscription may be required) and looks at a buy-to-let landlord near Bristol, that when one of her fixed-rate mortgages comes to the end, her £930 per year profit on the […]
In another article in the Telegraph, Melissa Lawford is reporting that Buy-to-let investors are swooping to snap up property bargains as buyer demand disappears amid the housing market downturn. It can be seen here (subscription may be required) and says: Between January and November, the share of offers made by buy-to-let investors on properties that […]
Zoopla have published a new report finding: The number of buy-to-let mortgage deals available has increased by more than 700 since the beginning of October to 1,769 different products The average cost of the mortgages has continued to increase and stands at 6.5% for two-year deals and 6.42% for five-year ones Buy-to-let mortgage rates are […]
The BBC have run a piece on the danger to tenants with higher mortgae rates forcing out landlords. It can be seen here, and says: Renters could find it more difficult to find properties in the next year or two as landlords struggle with higher mortgage rates, MPs have heard. Ray Boulger, from mortgage […]
YOU MAY ALSO LIKE
The Financial Conduct Authority (FCA) has updating borrowers’ responsibilities to their existing mortgage holders,...
A building society that last summer scrapped all lending on some holiday homes has now come up with another unusual...
Barry Webb, chief executive of Mortgage Saving Experts has commented that landlords, battered by high interest rates...
Today the ONS confirmed Government is still spending almost £9bn on energy price subsidy and support.
iHowz ask why 2 years on the new MEES are not published and only limited finance available for energy efficiency in homes
https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/bulletins/publicsectorfinances/february2023
@iHowz, @DLUHC, @HMTreasury
