Buy to Let Mortgages
Buy to let can still prove successful with the right approach
Lee Tillcock, Editor Business Moneyfacts comments: “The recent base rate rises have seen concerns raised over the continuing sustainability and profitability of the buy-to-let (BTL) sector. It is worth remembering that rates are still close to historic lows and that the buy-to-let market still offers a sound long term investment.
Paragon Group comments on CML buy-to-let figures
Nigel Terrington, Chief Executive Officer of Paragon Group commented on today’s CML buy-to-let figures: “The strong growth in the buy-to-let market and the excellent credit performance of buy-to-let loans are testament to the strength of demand for private rented property.
The latest picture of the UK’s Buy-to-Let market
A fifth of those planning to buy a home in 2007 will purchase their property as an investment, according to new research by Birmingham Midshires.
Alliance & Leicester comments on CML Buy-to-Let figures
Mehrdad Yousefi, Head of Intermediary Mortgages at Alliance & Leicester: “Today’s CML figures on the spectacular growth of the buy-to-let market in 2006 reaffirms that it is now an established market.
Growth in buy-to-let faster than market as whole
330,000 buy-to-let mortgages, worth a total of £38.4 billion, were taken out in 2006, according to figures released by the Council of Mortgage Lenders.
UCB Home Loans enhances buy-to-let rental cover calculation
UCB Home Loans has announced that it will be enhancing its buy-to-let rental cover calculation, with effect from 22 February.
Buy to let lenders increase portfolio limits from £2million to £5million
Mortgages for Business, the specialist buy to let mortgage brokerage, reports that January has seen a number of buy to let mortgage lenders moving portfolio lending limits upwards.
Investor landlord activity continues to grow
Over two-thirds (70%) of all buy-to-let applications in December were for mortgage products under 75% LTV – a 23 per cent increase compared with the previous month indicating that 2007 could well continue to be popular for the buy-to-let market.
Buy-to-let: When is a high fee too high a fee?
Buy-to-let landlords looking for low priced mortgage deals should beware the potential pitfalls of low interest rate products, which have hefty fees and charges alongside.
Buy to let mortgages available to offshore companies
Mortgages for Business, independent buy to let mortgage brokers, has announced they are now able to offer offshore companies the ability to invest in UK residential property using a new exclusive range of buy to let mortgages.
Buy to let lending policy improved at the Coventry
Coventry Building Society has made significant improvements to its buy to let lending policy with immediate effect.
GMAC-RFC fills the black hole landlords face
Landlords are increasingly struggling to meet their mortgage repayments as the gap between purchase prices and achievable rents is widening, according to recent research by GMAC-RFC.
2007 set to be another busy year for landlords and intermediaries
After a very successful 2006, residential property investors and the intermediaries who advise them are expected to enjoy another busy year in 2007.
Rental demand set to propel buy-to-let in 2007
Seventy per cent of brokers expect buy-to-let business volumes to increase in 2007 due to product innovation and rising tenant demand, according to research from Mortgage Trust.
Leeds Building Society launches first offset buy to let
Leeds Building Society has launched its first offset buy-to-let mortgage at only 5.99%.