Moneyfacts have just published a blog discussing buy to let (BTL) mortgages, and whether BTL is still a good investment. It can be seen here, and says: Landlords looking to lock into a new buy-to-let (BTL) mortgage deal will be pleased to see that the average rates on...
Mortgage Introducer is running a piece stating that ‘ buy-to-let mortgage borrowing has recently reached a record high.’ The blog can be seen here.
With less than four years left until the Government wants all new private rented tenancies to be in properties with at least an Energy Performance Certificate (EPC) rating of ‘C’, new research from The Mortgage Works has uncovered a lack of confidence from landlords about bringing their properties up to the required standard in time. Current legislation […]
The Ministry of Justice published quarterly national statistics on possession claim actions in county courts by mortgage lenders and social and private landlords. These statistics cover the period from April to June 2021. Landlord Possessions When compared to the same quarter in 2020, landlord possession claims, orders, warrants and repossessions by county court bailiffs increased by […]
Savings and lending bank Shawbrook Bank reported that nearly half (46%) have lowered their tenant’s monthly rent payments as a direct result of the recent pandemic. Shawbrook Bank conducted a study on 1,000 landlords. These included 150 portfolio landlords, those are landlords who own four or more properties. 1,000 private tenants were also studied on their […]
An estimated 30% of landlords who plan to remortgage within the next 12 months intend to release equity from their portfolios, according to Foundation Home Loans. The research, conducted by BVA BDRC, showed that portfolio buy-to-let (BTL) landlords are more likely to want to remortgage in the next 12 months (43%) compared with their ‘consumer’ […]
The stamp duty holiday for properties bought under £500,000 certainly did what the government intended it to do and boosted the housing market. Some say it overstimulated the market and created a frenzy with record housing transactions, steep house price growth and gazumping. The mortgage market picked up on the back of this and both […]
On 22 July 2021 HM Treasury issued a statement that the government remains committed to seeking additional options for borrowers with inactive firms who are unable to switch, despite being up to date with payments, and has agreed a commitment with industry participants to work together to look for practical and proportionate solutions. For the […]
Moneyfacts.co.uk have published an article on taking pets in rental property. It can be seen here, and says: Last year saw a boom in pet ownership, but for many people having a four-legged friend can make finding rental accommodation a challenge which could prove a lucrative investment opportunity for landlords. Allowing pets in rental homes […]
The government has reached an agreement with major lenders to scrap the requirement for EWS1 forms on properties that are below 18 metres, but critics argue the safety of home owners in these blocks remains unclear. Following advice, the government says there is “no systemic risk of fire in blocks of flats under 18 metres”. […]
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Moneyfacts have just published a blog discussing buy to let (BTL) mortgages, and whether BTL is still a good...
Mortgage Introducer is running a piece stating that ' buy-to-let mortgage borrowing has recently reached a record...
With less than four years left until the Government wants all new private rented tenancies to be in properties with at...