Mortgage approvals in Britain plunged much more than expected in November according to fresh data, as the fallout from the ill-fated mini-budget of the short-lived Truss administration lingered. According to the Bank of England, around 46,100 mortgages were approved...
The Telegraph published an article just after Christmas questioning whether 2023 might see the collapse of the buy-to-let market. This is mostly due to the reduced tax relief coupled with rising costs, especially mortgage rates. The article can be seen here...
The Telegraph are reporting the problems of Section 24 tax amendments, now being shown up by rising interest rates. The article can be seen here (subscription may be required) and looks at a buy-to-let landlord near Bristol, that when one of her fixed-rate mortgages...
In another article in the Telegraph, Melissa Lawford is reporting that Buy-to-let investors are swooping to snap up property bargains as buyer demand disappears amid the housing market downturn. It can be seen here (subscription may be required) and says: Between...
Zoopla have published a new report finding: The number of buy-to-let mortgage deals available has increased by more than 700 since the beginning of October to 1,769 different products The average cost of the mortgages has continued to increase and stands at 6.5% for...
The BBC have run a piece on the danger to tenants with higher mortgae rates forcing out landlords. It can be seen here, and says: Renters could find it more difficult to find properties in the next year or two as landlords struggle with higher mortgage rates,...
The Telegraph has published a guide to finding the best mortgage deals. It can be seen here – subscription might be necessary
The Telegraph is reporting on the problem associated with the ‘flawed rules’ with the EPC test. We have been lobbying Government for some time regarding the review into EPC’s, and also into the Minimum Energy Efficiency Standard (MEES) which can be seen here, but to...
Mortgage Introducer have published the findings of a survey by Paragon Bank. It can be seen here, and says: The proportion of landlords who plan to purchase their next buy-to-let property through a limited company has hit its highest level for three years, according...
UK house prices set another record high in June, according to figures from mortgage lender Nationwide on Thursday (30/6/22), although growth slowed amid tentative signs of a slowdown in the housing market. On an annual basis, the Nationwide house price index rose by...
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