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...
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 […]
Buy-to-let mortgage lenders have been quick to pass on the base rate rise to new customers according to new analysis which shows fixed-rate mortgage prices have climbed. Landlords taking out a typical two-year fixed rate mortgage of £160,000 will be paying up to £90 more per month per month, including fees, according to broker, Property […]
Landlords clawed back £18.5bn in tax reliefs in the year ending 31 March 2022, says ludlowthompson. The year previous, relief gained stood at £18.1bn. The rise in the latest figure comes, the estate agent says, despite a reduction in the amount of relief landlords can claim on mortgage interest. The most value claimed in the […]
The last year has seen a surge in the number of ‘green mortgages’ offered to buy-to-let landlords. Data from BTL broker Mortgages for Business shows that at the start of March this year there are now 353 green products available. This compares to just four products being available to landlords 12 months previously. The number […]
Seven in 10 portfolio landlords (70%) expect to remortgage or consolidate loans over the next 12 months, results of a webinar poll show. It was also revealed that the majority of broker respondents (53%) had one to five portfolio landlord clients who would remortgage or consolidate loans in 2022. Around 16% highlighted that they had […]
Most people renting their home in the private rented sector are happy with their property and landlord, new research reveals today. An independent report by the Social Market Foundation, commissioned by Paragon Bank, found that – contrary to some narratives suggest renting is an inherently unhappy experience – a majority of people who rent from […]
The Government has published statistics on mortgage and landlord possessions It can be seen here, and says: 1. Main Points This publication provides mortgage and landlord possession statistics for October to December 2021. In general, we have compared figures to the same quarter in 2019 as a pre-Covid-19 baseline. Should users wish to compare the latest […]
The House of Commons Library has issued a paper on the problems of mortgage prisoners, and what can be done to assist. The full report can be seen here, and a summary here, which say Who are mortgage prisoners? “Mortgage prisoners” are people who are unable to switch mortgages, even if they are up to […]
A new housing minister has been named this afternoon, to replace Chris Pincher. Stuart Andrew has been confirmed by Downing Street as a new housing minister at the Department for Levelling Up, Housing and Communities. . He’s been MP for the Pudsey constituency in West Yorkshire since 2010 and until this afternoon was deputy chief whip. He […]
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The Telegraph have published an article that Landlords are battling an affordability crunch as banks clamp down on...
Landlords who have mortgages from the Yorkshire Building Society have been told that they do not need to inform the...
Buy-to-let mortgage lenders have been quick to pass on the base rate rise to new customers according to new analysis...