Buy to Let Mortgages
Buy-to-let mortgages shift towards tracker rates
Legal & General's seventh quarterly report in the ‘Mortgage Purchase Index' series analyses trends from thousands of mortgage applications made through Legal & General's Mortgage Club.
Buy-to-let landlords remain jaded by mortgage market
Buy-to-let investors are no longer reviewing the mortgage market on a regular basis and intend to hold onto their assets for the long term, according to the Young Group.
Professional landlords face mortgage maze
Professional landlords are reporting that despite an increase in the availability of credit in the wider mortgage market, it is becoming even harder to source buy-to-let mortgage finance.
Buy-to-let time bomb as supply and demand gap widens
Research from price comparison site moneysupermarket.com shows there's a widening gap between supply and demand for buy-to-let mortgages.
Landlords still need mortgage funding support
Nigel Terrington, chief executive of The Paragon Group of Companies, comments on latest buy-to-let lending and arrears figures from the Council of Mortgage Lenders: ‘Today's arrears figures demonstrate the robust credit quality of buy-to-let lending and the strong performance of landlords, even in a recessionary environment.
Buy-to-let market shows signs of stabilising
The buy-to-let market showed the first signs of stabilising in the second quarter as arrears improved significantly and the decline in new lending began to slow, according to the Council of Mortgage Lenders.
Buy-to-let investors jaded by the mortgage market
Latest Young Index results from Young Group show that buy-to-let investors have all but given up hope of a better mortgage deal.
Paragon urges Government to support specialist lenders
Paragon Mortgages has announced its interim results for the six months ending 31 March 2009. The results confirm Paragon's business is stable, profitable and cash generative, but the Group urges more Government support to help non-bank lenders commence new lending.
Buy-to-Let repossessions increasing
Kesh Thukaram, managing director of Smartlandlord.co.uk, comments on CML buy-to-let figures: "It's not a surprise to see the number of buy-to-let repossessions increasing.
Buy-to-let lending continues to fall
New buy-to-let lending fell for the sixth consecutive quarter in the first three months of 2009, reflecting the continuation of extremely challenging funding conditions as well as general housing market weakness, according to the Council of Mortgage Lenders.
Banks squeeze hope out of landlords
New buy to let landlords face a difficult task finding a suitable mortgage. Research from price comparison website moneysupermarket.com shows that in just two years, the number of buy to let mortgages available has fallen from 4,384 to just 213 - a reduction of 95 per cent.
Buy to let market no longer a place for the novice landlord
Andrew Hagger of Moneynet.co.uk looks at drastic changes seen in the Buy to let mortgage market since the onset of the credit crunch.
Rent guarantee insurance can help prevent BTL repossession misery
Keshav Thukaram, managing director of Smartlandlord.co.uk, the property services website for landlords, calls for more awareness of rent guarantee insurance among buy to let landlords.
Buy-to-let lending continues to decline
New lending for buy-to-let continued to decline in the fourth quarter of 2008, according to the Council of Mortgage Lenders (CML). There were 37,000 new loans, worth £3.9 billion - 12% down (19% by value) on the third quarter, and 56% down (65% by value) compared with the fourth quarter of 2007.
Landlords need to position themselves defensively
Keshav Thukaram, managing director of smartlandlord.co.uk, the property services website for landlords, commented on today's base rate cut: ‘Today's cut in base rates will come as some relief to those lucky landlords on tracker products facing the prospect of falling rents. However, most landlords on fixed rate deals and other products will not benefit in line.