The Telegraph have run an article on landlords suffering with the mortgage rate rises. It can be seen here (subscription might be required), stating that ‘Landlords stuck on variable rate mortgages are seeing their profits vanish as lenders increase their bills as...
Barclays has said it is buying specialist mortgage lender Kensington Mortgage to take a bigger share of the UK housing market. The deal is worth around GBP2.3 billion, Barclays said. It requires UK regulatory approval and is expected to complete at the end of the...
The Telegraph have run an article on the threat of landlords leaving the market. It can be seen here (subscription might be required) stating ‘Homeowners are paying thousands of pounds in penalties to end their current mortgage and lock in a new deal before interest...
Landlords who sold off properties from the private rented sector during the COVID-19 pandemic are often not returning to the market amid new, purse-tightening pressures. “Landlords who were left hit by the pandemic are now facing a cost-of-living crisis,” according to...
New right to buy plans and changes for housing benefits claimants are being unveiled by the government. The schemes are being announced by Boris Johnson today as he looks to reset his government after the confidence vote. Under proposals announced to the media,...
The Telegraph have published an article that Landlords are battling an affordability crunch as banks clamp down on borrowing over fears the cost of living crisis will push up rental arrears. According to Chris Sykes, of the mortgage broker Private Finance, this means...
Landlords who have mortgages from the Yorkshire Building Society have been told that they do not need to inform the lender if they have signed up to the government’s Homes for Ukraine scheme helping refugees from the war.The society has advised customers - landlords...
Buy-to-let mortgage lenders have been quick to pass on the base rate rise to new customers according to new analysis which shows fixed-rate mortgage prices have climbed. Landlords taking out a typical two-year fixed rate mortgage of £160,000 will be paying up to £90...
Landlords clawed back £18.5bn in tax reliefs in the year ending 31 March 2022, says ludlowthompson. The year previous, relief gained stood at £18.1bn. The rise in the latest figure comes, the estate agent says, despite a reduction in the amount of relief landlords can...
The last year has seen a surge in the number of ‘green mortgages’ offered to buy-to-let landlords. Data from BTL broker Mortgages for Business shows that at the start of March this year there are now 353 green products available. This compares to just four products...
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Following the recent Bank of England's second base rate freeze and this week's fall in inflation rates for both the UK...
Landlords are paying an extra £5.5bn a year to their banks following a surge in mortgage rates, data shows. Buy-to-let...
Landlords in the UK are paying 40 per cent more mortgage interest than in August 2022, forcing more of them to quit...