Buy to Let News
Paragon has grown its buy-to-let lending by 102% to £1.33bn over the year to 30 September 2015.
The rate of rent growth in Scotland has almost halved since the Summer slowing from a 3.1% annual rise in June 2015, research from Your Move suggests.
The Council of Mortgage Lenders, Nationwide, Aldermore and Precise Mortgages have all expressed serious concern about government proposals to give Scottish tenants more security.
Aldermore has launched a Landlord Hub to host information and expert commentary on the buy-to-let market.
Fleet Mortgages has hired two new field-based business development managers as part of continued growth plans.
Hansen Lu, property economist at Capital Economics, argues against an “overdone” reaction to growth in the buy-to-let mortgage market.
The number of products available to landlords investing in buy-to-let through a limited company rose from 79 in the second half of last year to 99 in the first half of this year.
Yesterday’s announcement that the Financial Policy Committee is to receive powers to curb buy-to-let are “jumping the gun”, Peter Williams has warned.
Rents across England and Wales have reached the highest level on record while the gross yield on a typical rental property in England and Wales has risen to 5.2% in September.
Three in five retirement experts believe pensioners are likely to invest in buy-to-let property to supplement their income in retirement, research from Equiniti claims.
Paragon Mortgages is launching a product range aimed at professional landlords with larger-scale portfolios which will be available through an exclusive distribution network.
Foundation Homeloans has confirmed plans to launch a range of buy-to-let loans for landlords investing in property through a limited company structure.
If lenders make ‘consumer’ buy-to-let cheaper than ‘commercial’ we could see a rise in gaming, Skipton Intermediaries’ head of intermediary relationships Paul Darwin has warned.
Both Barclays and Skipton will merge the application process for all kinds of buy-to-let before deciding whether the deal should be classed as consumer or commercial, representatives from both lenders revealed today.
The stability seen throughout 2015 in the private rented sector continued in Q3 with yields growing modestly, void period at a historic lows and steady tenant demand remaining high, research from Paragon Mortgages shows.
James Teagle, partner at Blacks Solicitors, believes consumer landlords will be able to sign a declaration to waive protection rights under the Mortgage Credit Directive but lenders and brokers must show a duty of care or face claims down...
The number of available buy-to-let mortgage products leapt 11% over the three months to the end of September, analysis from Mortgages for Business suggests.
Dragonfly Property Finance has cut buy-to-let completion fees from 3% to 2.5%, reduced early repayment charges to 3% a year and increased the ERC-free period at the end of loans to three months.
Accidental landlords may be able to waive their rights to consumer protection by stipulating that their decision to let a property is a commercial decision, the FCA has suggested.
New legislation that comes into force today will limit landlord’s powers to evict their tenants and runs the risk of making property letting a legal minefield, CommercialTrust.co.uk has warned.
Dragonfly Property Finance has made changes across its 2, 3, 4 and 5-year buy-to-let loan terms.
Andy Young, CEO of buy to let mortgage specialist TBMC, has today announced he is to retire at the end of November.
Aldermore has cut rates on its range of buy-to-let and residential mortgage products.
Buy-to-let sales in August 2015 were up by 54.1% compared to the corresponding month last year hitting £3.31bn, research from Equifax Touchstone shows.
Paragon Mortgages’ latest Private Rented Sector trends report for Q3 indicates a healthy rental market.
The number of letting agents reporting rent increases for tenants has fallen, according to the Association of Residential Letting Agents monthly Private Rental Sector Report.
Buy-to-let’s share of the overall mortgage market will fall once the Bank of England starts to hike base rates, senior economist at Nationwide Stefano Silvestrin has predicted.
Too many landlords buy with cash when many should mortgage the properties to generate more income, property expert Kate Faulkner said.
Brian Hall, founder of The Model Works, moots the idea that landlords should be taxed to pay housing benefit.
One in five existing landlords is planning to buy more properties to rent, research from the Nottingham Building Society shows.
Coventry for intermediaries has cut rates across its buy-to-let mortgage range at 65-75% loan-to-value with rates starting from 2.69%.
The government has renewed its commitment to drive rogue landlords out of business.
NatWest Intermediary Solutions is opening its doors to professional landlords from tomorrow by relaxing criteria on its range of buy-to-let products.
Legal & General’s group chief executive has thrown down the gauntlet to buy-to-let landlords calling for an “end to the cottage industry of fragmented ownership” of private rented housing in the UK.
The turmoil that originated in China last Monday has brought financial markets the world over almost to their knees – but UK landlords should be safe.
Specialist mortgage club The Buy-to-Let Club is to hold four buy-to-let events this Autumn to give brokers the knowledge to drive more and better business.
The number of available private rented properties rose in July, according to the Association of Residential Letting Agents.
The Residential Landlords Association has urged local councils not to roadblock developers seeking to convert empty office space into residential homes.
Fiona Heald, head of court of protection at Moore Blatch, explains why landlords need lasting powers of attorney.
Over a third of letting agents saw rent increases last month, the highest recorded this year, the ARLA June PRS Report reveals.
Aldermore has revamped its entire range of buy-to-let mortgages, launching new standard and specialist products and brought its residential and commercial buy-to-let ranges under one proposition.
Fierce competition for school places is driving parents to rent ever closer to the best schools, research from Countrywide reveals.
Keystone Buy to Let Mortgages has launched its New Classic Range with funding from peer-to-peer lending platform Landbay.
Keystone’s funding contract with Aldermore Bank has ended after a three years, originating close to £200m in loans.
Three-quarters of UK landlords don’t factor in the running costs they incur when measuring returns – a factor that can add up to over half of gross annual returns, research from Platinum Property Partners reveals.
Scottish Widows Bank has today launched an online mortgage product transfer facility paying a full procuration fee upon completion.
One in four landlords would consider using a lump sum from their pension to invest in property, with a further 24% undecided, research from BM Solutions shows.
Analysis from Equifax Touchstone shows that buy-to-let lending in Q1 2015 grew by nearly 20% year-on-year, outpacing residential lending which was up by 1.6%.
UK landlords expect annual rent growth to slow to 1.7% by next year, down from 3.7% currently.
Intermediaries are writing more mortgage business with longer-term initial rates, research by Paragon Mortgages has revealed.
Bank of Ireland UK’s fourth buy-to-let market index has found that thousands of people are poised to make the most of new pensions freedoms and use their pension pot in order to enter the buy-to-let market.