Buy to Let News
Connect Mortgage Club has relaunched its website to include more tools and services for brokers.
Landlords like to stick with what they know and stay in touching distance to their rented properties, Countrywide Residential Lettings has revealed.
Precise Mortgages has launched a buy-to-let lifetime tracker product for landlords as an alternative to 2-year mortgage deals.
Shawbrook’s commercial mortgages division is launching a range of larger loans products in response to the flourishing buy-to-let market.
Connect Mortgage Club and Precise Mortgages are launching two buy-to-let products together.
Buy-to-Let continues to be a popular investment choice, as well as a source of passionate discussion, which was evident at the second Paragon Buy-to-Let Debate held last week in Westminster,
Landlords in the City of London are collecting £1,059 more each month than in January 2013 as asking rents increased (31.43%) to an average of £3,369 per month.
Brokers are looking forward to an expected increase in buy-to-let business following an encouraging final quarter of 2013, research by NatWest Intermediary Solutions reveals.
TBMC has launched two exclusive buy-to-let mortgage products with the Hanley Economic.
The number of tenants aged over 30 increased by 6% in the year up to January 2013, research by Countrywide Residential Lettings revealed.
A third of landlords are looking to expand their rental portfolios in the next 12 months, the latest BM Solutions / BDRC Continental Landlord Panel research reveals.
Masthaven has launched a 70% LTV buy-to-let product at 9.85% targeted at customers struggling to meet buy-to-let criteria.
Income requirements are still key when assessing whether buy-to-let customers should be eligible for the loan, says David Whittaker, managing director of Mortgages for Business,
Source Insurance has added RSA to its Landlord Insurance Panel.
Specialist lending packager Complete FS has called on lenders to review their insistence on minimum income requirements when assessing clients for funding,
Tenants should not to be tempted to overstretch their budgets amid reports that more and more letting agents are turning to high pressure tactics to rent their properties, Landlord Assist has warned.
Specialist lender Paragon Mortgages saw an increase in mortgage lending of 207% during 2013 as it lent a total of £140.2m.
The UK rental market ended 2013 strongly with the average asking rent peaking at £986 per month in November at a time when rents typically dip due to the beginning of the festive season, the latest Move With Us Rental Index has discovered.
Annual rent rises have halved over the course of 2013, according to the latest Buy-to-Let Index from LSL Property Services plc, which owns the UK’s largest lettings agent network, including national chains Your Move and Reeds Rains.
The Mortgage Works is introducing five new buy-to-let products for both first time and experienced landlords.
Shawbrook’s Commercial Mortgages has launched a short-term heavy refurbishment product.
The Association of Residential Letting Agents has appointed David Cox as its new as managing director designate.
Santander for Intermediaries adding a remortgage cashback element to all buy-to-let products with free valuation and £250 cashback paid on completion.
Mint Bridging has become the latest associate lender to join the Associate of Bridging Professionals.
The number of tenants in severe arrears – more than two months behind – rose by 3.4% in the final quarter of 2013, the latest Tenant Arrears Tracker by LSL Property Service has revealed.
Specialist buy-to-let lender Mortgage Trust has launched a range of limited quota products available exclusively in January only.
The rental price gap in London grew to £4,411 in 2013 as it increased by £218 year-on-year, the latest Move with Us Rental Index has found.
Many people will be gearing up to host festive get-togethers over the Christmas period, but those who rent need to make sure they remember their responsibilities or risk an unwanted present this year.
Countrywide invested £24m in the UK rental market in 2013 snapping up 28 lettings businesses – more than two businesses per month.
Kent Reliance is launching a buy-to-let light refurbishment 2-year discount product at 4.49% to allow professional landlords to upgrade a property and realise the increased value.
Kent Reliance has scrapped with its minimum income requirement and will now to assess the suitability of cases on rental income alone.
Santander for Intermediaries has announced changes to its buy-to-let lending criteria.
Figures from the latest Rent Check report, produced by BDRC Continental and Allsop LLP, show that Britons are increasingly at home with renting rather than buying their home.
National rents showed no sign of slowdown in October, up 1% month-on-month and 11% annually to £785 per month.
Tenant arrears are at their lowest since 2008 despite a new record for rents across England and Wales according to the latest Buy-to-Let Index from LSL Property Services plc.
Hinckley & Rugby has cut the interest rate on its buy-to-let 75% 2-year discount mortgage from 4.19% to 3.49%.
Connect Mortgage Club has re-launched its website to include new tools for buy-to-let brokers.
BM Solutions has launched a product range designed to support the needs of homeowners who want to remortgage their main residence to allow them to let it out to facilitate the purchase of their next property as their main residence.
Aldermore has launched a new limited edition buy-to-let mortgage in light of the thriving housing market and growing demand from landlords.
Skipton Intermediaries is launching a new range of buy-to-let products tomorrow with rates reduced by up to 0.21%.
Landlord Assist is urging landlords to ensure that their business strategy is robust enough to withstand the impact of a recovering property market and a potential forthcoming rise in interest rates.
Castle Trust has announced that it will launch into the buy-to-let market at the beginning of November with a unique product enabling landlords to benefit from LTVs of 85%.
NatWest Intermediary Solutions has simplified its buy-to-let proposition by introducing a new single policy to cover all buy-to-let borrowers and reducing the rental cover requirement.
The Cambridge Building Society has launched a new buy-to-let product range with rates starting at 3.59%.
Letting agents are forcing tenants to pay up to £600 in non-refundable fees to rent out a one-bedroom apartment, research by Rentify reveals.
Personal Touch Financial Services ARs can now introduce letting agents to Let Alliance for their Referencing & Nil Excess Rent Guarantee facility.
2013 has so far provided a stable environment for residential property investors in the UK with competitive buy-to-let mortgage rates available and high demand from tenants delivering good rental income.
Plans to introduce a Tenants’ Charter, to improve standards in the rental sector and encourage longer fixed-term tenancies for families, could be counter-productive for the market, warned rental servicers Landlord Assist.
The launch of the second phase of Help to Buy could drive average monthly rents in the capital down by as much as 5%, estate agency Chesterton Humberts has said.
TBMC, the buy-to-let and commercial mortgage specialist, has launched two exclusive buy-to-let mortgage products with Hanley Economic Building Society.
The number of tenants in severe rental arrears has fallen sharply to the lowest level in two years, the latest Tenant Arrears Tracker by LSL Property Services shows.