The Ministry of Justice published quarterly national statistics on possession claim actions in county courts by mortgage lenders and social and private landlords. These statistics cover the period from April to June 2021. Landlord Possessions When compared to the...
Savings and lending bank Shawbrook Bank reported that nearly half (46%) have lowered their tenant’s monthly rent payments as a direct result of the recent pandemic.Shawbrook Bank conducted a study on 1,000 landlords. These included 150 portfolio landlords, those are...
An estimated 30% of landlords who plan to remortgage within the next 12 months intend to release equity from their portfolios, according to Foundation Home Loans. The research, conducted by BVA BDRC, showed that portfolio buy-to-let (BTL) landlords are more likely to...
The stamp duty holiday for properties bought under £500,000 certainly did what the government intended it to do and boosted the housing market. Some say it overstimulated the market and created a frenzy with record housing transactions, steep house price growth and...
On 22 July 2021 HM Treasury issued a statement that the government remains committed to seeking additional options for borrowers with inactive firms who are unable to switch, despite being up to date with payments, and has agreed a commitment with industry...
Moneyfacts.co.uk have published an article on taking pets in rental property. It can be seen here, and says: Last year saw a boom in pet ownership, but for many people having a four-legged friend can make finding rental accommodation a challenge which could prove a...
The government has reached an agreement with major lenders to scrap the requirement for EWS1 forms on properties that are below 18 metres, but critics argue the safety of home owners in these blocks remains unclear. Following advice, the government says there is “no...
The Guardian has just published this article on sourcing holiday lets through a Buy to Let mortgage Q We are two women who are nearing our mid-60s and won’t get our state pensions until we are 66. I work in schools and earn very little while my partner is a...
New research from online buy to let mortgage broker Property Master reveals there are currently 41 BTL mortgages at the record low rate of 1.5 per cent or below.One lender is offering a BTL mortgage at 1.0 per cent, albeit for existing customers only.Property Master...
Specialist lender Landbay has launched two new buy to let mortgage products for first time landlords who want to invest in HMOs.Whereas most lenders require HMO borrowers to have some experience as a landlord before lending on this type of property, Lindsay appears to...
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As previously reported (see here), the Chancellor has announced a charter to help home owners who are suffering from...
The Telegraph has reported that the Chancellors mortgage rescue deal with banks will exclude buy-to-let properties....
The average price of two- and five-year fixed-rate mortgages in the UK has hit its highest level for seven months,...