Buy to Let Mortgages
Keystone Buy to Let Mortgages has comprehensively improved its offering with new products, rate and fee reductions, and criteria and service enhancements.
Gross mortgage lending of £4.2 billion across 33,500 mortgages was advanced to buy-to-let landlords in the first quarter of 2013, according to latest survey data from the Council of Mortgage Lenders.
Peer-to-peer lender Assetz Capital has launched 'Lend to Let', the first P2P buy-to-let mortgage, providing loans for overseas buy to let investors struggling to secure mortgages on UK property.
The first quarter of 2013 saw a new high in remortgaging activity, with more landlords trying to raise enough capital to expand their portfolios and take advantage of high gross yields, according to detailed research by Mortgages for Business, the specialist buy to let broker.
Buy-to-let lending accounted for 11.5% of total gross mortgage lending in 2012, up from 9.8% in 2011, according to data released by the Council of Mortgage Lenders.
In a move that further signals The Co-operative Bank's appetite to lend competitively through the intermediary sector, Platform has reduced the rates on its mainstream and buy to let mortgages by up to 0.99%.
Following the recent launch of its Low Start Mortgage, Clydesdale Bank has announced further new mortgage products available through the broker channel.
Mortgage Trust kick-started the New Year by launching a range of market leading, limited edition products.
Leeds Building Society's fixed rate buy to let range now offers market leading deals at 3.55% for 2 years and 3.79% for 3 years, both available up to 75% LTV.
Buy to Let, the free app which lists all the latest buy to let mortgage rates for iPhone using landlords and brokers has been downloaded nearly 1,500 times since launching in September.
The Cambridge Building Society has re-launched its Buy to Let mortgage range, reducing rates by up to 0.80% and cutting fees.
The value of buy-to-let mortgages taken out in the third quarter of 2012 totalled £4.2 billion, an increase of 8% over the £3.9 billion advanced in the preceding three months, according to data from the Council of Mortgage Lenders.
Keystone Buy to Let Mortgages has improved its lending criteria and is now offering loans up to £500,000 per property transaction to existing landlords. This represents an increase of £150,000 on its previous limit.
Virgin Money is reducing selected interest rates on its residential and buy to let mortgage range.
Leeds Building Society's fixed rate buy-to-let range now offers a market leading fees assisted deal, available over a 3 year period, at 4.39% up to 65% LTV.
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