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Buy to Let News

SPECIAL FEATURE: Property is not a ‘get rich quick’ scheme

Derek Bradley, CEO of Panacea Adviser, looks at the buy-to-let market and what it requires to be successful.

Don’t blame buy-to-let for housing crisis

Two buy-to-let heavyweights have defended the sector after GoCompare research revealed that 14% of adults blame buy-to-let landlords for the lack of affordable housing in the UK, writes Ryan Bembridge.

Industry backs Rent to Buy

The government’s Rent to Buy scheme has received backing from housing professionals although several noted there may be ‘devil in the detail’ when it comes to the scheme’s implementation, writes Ryan Bembridge.

SPECIAL FEATURE: UK landlords under threat

Despite the potential for mortgage rates to rise, the increasing number of tenants in the market and continued poor returns on savings is still tempting many into the buy-to-let market, writes Kevin Paterson, managing director...

Rents rocket to reach record high

Rents have eased slowly up to reach an all-time record high as the rental market approaches its autumn peak according to the latest buy-to-let index from Your Move and Reeds Rains.

Five tenants chase every property

Rental demand is growing at the fastest rate in two years with five tenants now chasing each rental property, the latest Countrywide Lettings Index has revealed.

Coventry launch 2.99pc B2L at 75pc LTV

Coventry Intermediaries has launched a range of buy-to-let deals with rates starting from 2.99% at 75& LTV.

Landlord Assist concerned by BTL regulation

Landlord Assist, the nationwide tenant referencing and eviction firm, is concerned at plans to regulate part of the buy-to-let mortgage market at a time when there is a desperate need for more rental accommodation to satisfy growing demand.

Licensed landlords crucial for tenants

Two thirds (64%) of renters do not consider if their letting agent or landlord is licensed according to a report from the Association of Residential Letting Agents.

BTL and remortgage business to increase

Mortgage advisers expect buy-to-let and remortgage business to grow in the run up to Christmas following trends they have seen over the past few months.

Mortgage lending up 16pc year-on-year

Gross mortgage borrowing hit £10.9bn in July, up 16% on the same month last year, statistics from the BBA have shown.

Outer London drives rents up 3.7pc

UK rents increased 3.7% year-on-year with growth predominantly driven by outer London, the latest Countrywide lettings index has revealed.

Third of renters have never met their landlord

Some 30% of private tenants deal only with their letting agent, research from Ocean Finance reveals.

CML: Buy-to-let up 5pc

The total value of buy-to-let loans increased by 5% to £2.2bn in June on a month-on-month basis, Council of Mortgage Lenders data has revealed.

Q2 sees reduced B2L remortgage activity

The proportion of all buy-to-let remortgages handled by intermediaries in Q2 reduced by 6% over the past year, research from Paragon Mortgages has revealed.

HMRC targets landlords

Landlords are set to receive a letter from HMRC if they are suspected of not having paid enough tax this year, writes Charlotte Lloyd.

Landlords failing to research

Buy-to-let investors are being left out of pocket due to lack of research and poor planning, research from Platinum Property Partners has revealed, writes Charlotte Lloyd.

Landlords must take stock now

Landlords should take stock of their portfolios now or risk losing out in the event of an interest rate rise, Steve Bolton, founder and chairman of Platinum Property Partners has warned.

Virgin Money cuts rates up to 0.4pc

Virgin Money has today reduced a number of rates across its residential and buy-to-let mortgage ranges.

Greater London rents soar

Average rents in Greater London are now more than double those across the rest of the UK at £1,412 and £694 respectively.

Foreign student renters on the up

The numbers of independently wealthy foreign student renters has been increasing, with their share of the sector doubling from 12% to 29% between 2006 and 2012, writes Charlotte Lloyd.

Commercial Trust launches B2L comparison tool

Commercial Trust has launched a new buy-to-let product comparison tool for landlords.

Landlords expecting stable growth

Almost 100% of landlords report that tenant demand is currently stable or growing, a survey from specialist buy-to-let lender Paragon Mortgages found.

Barclays slash rates

Barclays is cutting the rates across its 2-year and 5-year fixed rate range, writes Charlotte Lloyd.

Rent growth remains stable

Rents have risen at just 1.4% and tenant arrears have improved over the last 12 months, the latest Buy-to-Let Index from LSL Property Services has revealed.

Sharp rise in HMO valuer complaints

The number of complaints from landlords and investors about the valuation they have received for their HMOs have seen a sharp increase, student property investment specialists The Mistoria Group has revealed.

Buy–to-let lending restrictions will harm supply

Imposing lending restrictions on the buy-to-let mortgage market could have damaging consequences for landlords and the supply of rental properties, Landlord Assist has confirmed.

Sesame launches holiday let exclusive via Leeds

Appointed representatives of the Sesame network can now access a holiday let exclusive 5-year fixed-rate product via Leeds Building Society.

Precise improves lending criteria

Precise Mortgages has improved the lending criteria on its residential and buy-to-let product ranges.

Rising property prices squeeze rental yields

Rising property prices are causing an about-turn in rental yields, the latest Mortgages for Business Complex Buy to Let Index has found.

Keystone reduces limited company rates

Keystone Buy to Let Mortgages has reduced its limited company application rates for the second time in two months.

B2L retirement investors expect strong returns

Buy-to-let investors expect income from their rental properties to bolster their annual retirement income by nearly £20,000, research from specialist buy-to-let business Platinum Property Partners has found.

Rents accelerate in May

Rents rose by 0.6% in May, accelerating from zero monthly change in April, the latest Buy-to-Let Index from LSL Property Services has revealed.

Virgin slashes B2L rates

Virgin Money has reduced the rates on a number of its buy-to-let fixed rate and tracker products.

Leeds BS cuts fees on buy-to-let

Leeds Building Society has cut the fees on its range of buy-to-let mortgages.

Paragon sees 167pc B2L boost

Paragon Group, the parent company of specialist buy-to-let lender Paragon Mortgages, saw a 167% increase in its buy-to-let business between 1 October 2013 to 31 March 2014.

Friends Life upgrade CI plan

Friends Life has announced upgrades to its critical illness plan which become effective from today, writes Alan Lakey, director, CIExpert.

Rental records set in South East

Rental prices hit record levels in the South East in April as the latest Move with Us Residential Rental Index reveals asking rents in the region grew by nearly 2%.

60pc of landlords to expand portfolios

Three in five landlords plan to increase their property portfolios within six months, research from Mortgages for Business has revealed.

Buy-to-let sector grows from strength to strength

Buy-to-let lending saw a rise in March by both volume and value on the previous month according to the latest CML lending data released today

One in three look to BTL as long term investment

More than a third of landlords say that they took the decision to enter the buy-to-let market as a long term investment, research from Precise Mortgages reveals.

EXCLUSIVE: Jas Jaspal launches Berkeley Knight

Jas Jaspal - founder of Coventry-based broker Oakwood Financial Management – has launched a new proposition which allows mortgage brokers to fulfil the role of an estate agent.

Belvoir warns against Labour letting reforms

Plans by the Labour Party to pass new laws that will make renting more affordable and provide tenants with greater protection should they be elected to government have been warned against by specialist residential letting agency Belvoir.

Blemain updates buy-to-let range

Blemain Finance has reduced rates across all secured buy-to-let plans and now offer no six month minimum ownership period and will consider a variety of property types, purposes and customer profiles.

Kent Reliance cuts large loan buy-to-let rates

Kent Reliance has launched a range of specialist large loan buy-to-let mortgages with rates from 4.39% and has reduced rates for standard buy-to-let large products, starting from 4.19%.

Landlords show buy-to-let confidence

Landlords are becoming ever more confident in their buy-to-let investments, Paragon Mortgage figures show.

TBMC launches 2.75pc lifetime discount

TBMC, the buy-to-let and commercial mortgage specialist, has launched a new exclusive buy-to-let mortgage with Hanley Economic Building Society.

SourceLet offers free £400 tenant referencing trial

SourceLet is offering letting agents and landlords the opportunity a free trial of its referencing service worth up to £400.

Shawbrook names CMD as B2L Strategic Partner

Shawbrook Bank has appointed Reading-based brokerage Commercial Mortgage Desk to its Strategic Partner programme.

Keystone reduces fixed rates

Keystone Buy to Let Mortgages has reduced its fixed rate prices just two months after introducing its Classic and Premier Ranges.

Santander unveils fixed 5-year BTL

Santander for Intermediaries has launched a fixed 5-year buy-to-let mortgage, while also reducing a range of its other products for landlords.

Government closes in on tenancy fraudsters

The government has pledged over £35m to clamp down on social housing and tenancy fraud, writes Harry Yorke.