Category: Buy-to-let

For individuals to 75% loan-to-value 2-year fixes stand at 2.99% with a maximum loan size of £200,000 and 3.49% with a max loan size of £750,000. Meanwhile its 5-year fix costs 3.99%.

The report reveals that 41% of landlords are confident about the prospects compared to 67% shown three years ago.

Instead of London leading the way on yearly growth were Birmingham (7.7%), Manchester (6.8%), Leicester (6.8%) and Nottingham (6.8%).

The event is being held at a new venue this year to accommodate increasing numbers of delegates, lenders and service providers.

A Draft Tenants’ Fees Bill will ban landlords and letting agents from charging fees – a policy first introduced in the 2016 Autumn Statement with cross-party support.

TMW is investing in an online system allowing brokers to fill in portfolio details on their existing mortgage applicants which are validated and sent to the underwriting team.

There were 13.4% more transactions than May last year, though that month was extremely slow due to the 3% stamp duty surcharge came into force in April.

ARLA Propertymark and NAEA Propertymark has confirmed its presidential teams for the year ahead.

3mc improves website

Brokers can either review specific criteria of two or more lenders or look at a lender’s full range of criteria.

In the capital the average cost excluding mortgage costs and tax but including void periods is £6,535 per property per year or 32% of the amount they receive in rent.