This is Money has run an article on the rise in landlords incorporating. It can be seen here, and says: Landlords are increasingly buying property via limited companies, rather than in their own personal name, in order to slash their tax bills. Three quarters...
Last autumn’s mini-Budget, and its subsequent impact on Swap rates, saw the introduction of staggeringly high product fees on buy-to-let mortgages. One landlord has described the fees as daylight robbery, while another said the fees “border on profiteering, as they...
OSB Group reported profit tumbled in the first-half of 2023, after taking a hit from customers acting more quickly than expected to refinance their mortgages at favourable rates. OSB, which stands for OneSavings Bank, said pretax profit in first-half of 2023 slumped...
The House of Commons Library has published a report on 'Support for Mortgage Interest loans' The full report can be seen here, and in summary says: Support for Mortgage Interest (SMI) is a government loan scheme helping with the interest costs of mortgages and certain...
Beverley Building Society has entered the buy to let market for the first time with two new products.Its variable rate BTL for UK customers is available at 5.64 per cent with a maximum loan-to-value and a completion fee of £995.Meanwhile, for expat BTL customers there...
In their recent trading statement, Mortgage Advice Bureau reported: UK gross new mortgage lending for the first five months of the year was 28% lower than in the same period in 2022, as rising costs of living and higher interest rates created further affordability...
As previously reported (see here), the Chancellor has announced a charter to help home owners who are suffering from skyrocketing interest rates. Under the terms of the charter homeowners’ will not be forced out by their lenders for at least a year after the first...
The Telegraph has reported that the Chancellors mortgage rescue deal with banks will exclude buy-to-let properties. The article can be read here (subscription may necessary) stating that the The formal Mortgage Charter agreed with banks was published on the Government...
The average price of two- and five-year fixed-rate mortgages in the UK has hit its highest level for seven months, putting further pressure on borrowers who are reaching the end of their deals. Data from the financial information firm Moneyfacts showed the cost of a...
The House of Commons Library has published an overview of how many mortgage-holders became trapped in expensive deals, and of efforts made to help resolve the situation. For the paper, click here. In summary: Who are mortgage prisoners? Although definitions vary,...
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This is Money has run an article on the rise in landlords incorporating. It can be seen here, and says: ...
Last autumn’s mini-Budget, and its subsequent impact on Swap rates, saw the introduction of staggeringly high product...
OSB Group reported profit tumbled in the first-half of 2023, after taking a hit from customers acting more quickly...