Mortgage for Business have made the following comments on the recent rise in interest rates: Most people expected the Bank of England to leave rates unchanged in December, but they surprised us all with the 0.15% increase last week. In reality, this relatively minor...
A third of landlords are looking to expand their portfolios in the next year, as rising house prices and improved rental yields lead to higher levels of confidence in the market. Research by Shawbrook Bank found that 34 per cent of landlords said they were planning to...
Mortgage for Business have just sent us the following: UK Finance have released their annual Mortgage Market Forecasts and it makes really interesting reading. Firstly, there is no doubt that 2021 was a busy year for the housing market. Property transactions are...
The Government have updated some of their Covid advice: The Guidance for Landlords and Tenants can be seen here, with technical guidance here. General advice on moving home during Covid can be seen here. General advice on keeping safe can be seen here. Reducing the...
The House of Commons Library have published a briefing paper outlining current and historic policies to assist homeowners who are struggling with their mortgage payments, and examining trends in mortgage arrears and repossessions. For the paper, click here.
Shawbrook Bank has unveiled a new mid-range product to its buy-to-let proposition, aimed at supporting portfolio landlords owning ‘simple’ property types. Customers who meet the criteria will have access to a reduced five-year fixed rate of 4.09% up to 75% LTV. This...
A new bank called Monument is aiming at property investors and established buy to let landlords seeking to grow their portfolios. Its launch statement says it will focus on some 4.8m potential customers described as “mass affluent” - property investors, landlords and...
Moneyfacts have just published a blog discussing buy to let (BTL) mortgages, and whether BTL is still a good investment. It can be seen here, and says: Landlords looking to lock into a new buy-to-let (BTL) mortgage deal will be pleased to see that the average rates on...
Mortgage Introducer is running a piece stating that ' buy-to-let mortgage borrowing has recently reached a record high.' The blog can be seen here.
With less than four years left until the Government wants all new private rented tenancies to be in properties with at least an Energy Performance Certificate (EPC) rating of ‘C’, new research from The Mortgage Works has uncovered a lack of confidence from landlords...
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The House of Commons Library has published a report on 'Support for Mortgage Interest loans' The full report can be...
Beverley Building Society has entered the buy to let market for the first time with two new products.Its variable rate...
In their recent trading statement, Mortgage Advice Bureau reported: UK gross new mortgage lending for the first five...