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Buy to Let News

Keystone launches New Classic Range with Landbay

Keystone Buy to Let Mortgages has launched its New Classic Range with funding from peer-to-peer lending platform Landbay.

Keystone’s buy-to-let contract with Aldermore ends

Keystone’s funding contract with Aldermore Bank has ended after a three years, originating close to £200m in loans.

Landlords should consider costs to measure returns

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.

Scot Wids Bank to pay product transfer proc fees

Scottish Widows Bank has today launched an online mortgage product transfer facility paying a full procuration fee upon completion.

One in four landlords consider using pension lump sum

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.

Buy-to-let outpacing residential growth

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%.

Landlords predict rent rises to tail off

UK landlords expect annual rent growth to slow to 1.7% by next year, down from 3.7% currently.

Fixed rates most popular but trackers gaining fast

Intermediaries are writing more mortgage business with longer-term initial rates, research by Paragon Mortgages has revealed.

Pension changes will create more landlords

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.

One bed flats have highest yield

The average rental yield for a one-bed property across the UK is 5.9% compared to 5.3% for a two-bed, 4.7% for a three-bed and 4.0% for a four-bed property.

Buy-to-let market continues to thrive

The Bank of England Trends in Lending report for April shows that the buy-to-let sector has continued to grow in 2015.

Paradigm offers adverse BTL exclusives from Precise

Paradigm Mortgage Services has announced its members have exclusive access to two buy-to-let products from Precise Mortgages which allow the borrower to have a limited amount of adverse credit history.

Buy-to-let returns beat all asset classes

A comparative analysis of returns for buy-to-let and other major asset classes since 1996 shows buy-to-let was the best investment, returning just under 1,400%.

Complete FS welcomes Axis Bank launch

Complete FS, the specialist packager, is looking forward to a long association with Axis Bank UK, the new buy-to-let lender which has just launched.

Generation Rent 2015: Don’t stop believing

In 2014 the number of first-time buyers rose to its highest level for seven years.

Countrywide’s top achievers recognised

Over 400 of the UK's best estate and lettings agents, mortgage consultants and land and new homes operators celebrated their success at the prestigious annual Chairman's League Awards held in March.

Countrywide continues to grow

Countrywide has increased its regional footprint by acquiring a further four lettings businesses in quarter one 2015.

Void periods drop to 13 year low

The latest landlord research by Paragon Mortgages has revealed the average annual void period has dropped to its lowest level since 2002.

TMW cuts BTL early repayment charges

The Mortgage Works is to apply a reducing scale of early repayment charges to all new buy-to-let mortgages.

Foundation Home Loans launches

Foundation Home Loans launched its buy-to-let proposition today.

Kent Reliance revamps mortgage portfolio

Kent Reliance has revamped its mortgage portfolio launching new five year fixed rate products, interest only products and cut rates and fees across its range.

Complete FS looks to grow buy-to-let business

Complete FS, the national specialist lending packager, is looking at a bumper year for the buy-to-let market in 2015 as pension changes bring new opportunities for brokers.

Fleet completes first loan

New buy-to-let and specialist lender Fleet Mortgages has completed on its first loan just four months after plans for the new business were revealed.

Personal income boost for buy-to-let affordability

Barclays will now allow personal income to be accepted when assessing buy-to-let affordability.

Landlords claim lack of bank support

Over three quarters of landlords don’t feel that banks are enough to support buy-to-let landlords, new research from PropertyLetByUs has found.

Coventry joins Buy to Let Club panel

Coventry Intermediaries has become the latest addition to the Buy to Let Club’s panel.

Rent up 8.3pc in November

Rental prices are 8.3% higher across the UK in November 2014, at £874 per month, compared to the same month last year when the average UK rent was £807, the November HomeLet Rental Index have revealed.

Metro Bank launches portfolio buy-to-let proposition

Metro Bank has launched a new portfolio buy-to-let proposition.

Mill Residential smashes £2.1m target

The launch of the UK’s first mainstream Residential Real Estate Investment Trust hit its £2.1m target on the SyndicateRoom crowdfunding platform within days of launch.

TMW adapts buy-to-let range

From today all existing 60% loan to value products from The Mortgage Works will be made available to customers up to 65% LTV.

Commercial Trust promotes Cunningham to CEO

Commercial Trust has made its previous director of operations Stuart Cunningham its new chief executive.

Landlords are not well liked

A panel of buy-to-let heavyweights at The Buy to Let Event yesterday concluded that hating landlords has become a popular pastime.

Fleet warns against so-called B2L innovation

Fleet Mortgages chief executive Bob Young warned AGAINST so-called innovation in the buy-to-let sector yesterday, writes Ryan Bembridge.

Aldermore sees rise in over-70s demand

The over-70s demographic are clamouring for buy-to-let properties, Aldermore key account manager Ed Brown told advisers at the Buy to Let Event at the Coppid Beech Hotel in Berkshire today, writes Ryan Bembridge.

Ying Tan: Knowledge is power

Buy to Let Business managing director Ying Tan welcomed advisers to the club’s Buy to Let Event at the Coppid Beech Hotel in Berkshire this morning, writes Ryan Bembridge.

Mortgage Trust updates range

Mortgage Trust has updated rates across its fixed and tracker rate products.

Fleet Mortgages launches website

Fleet Mortgages, the new buy-to-let and specialist lender, has launched its new website at www.fleetmortgages.co.uk

Tenant arrears improves year on year

Tenants have rebuilt their financial position over the past year, with the total number facing serious rental arrears falling by 9% year on year according to the latest Tenant Arrears Tracker by estate agency chains Your Move and Reeds Rains.

The Source extends landlord property panel

Source Insurance has extended its reach in the landlord property insurance sector with the addition of Amlin to the panel.

Skipton extends BTL range

The Skipton has refreshed its range of fixed rate buy-to-let products.

Value of BTL property set to top £1 trillion

The value of property owned by landlords in the UK is set to break the £1 trillion pound barrier next year according the Kent Reliance’s inaugural Buy to let Britain report.

Tenant demand is booming

The latest landlord research from buy-to-let mortgage lender Paragon Mortgages shows that landlords are still experiencing high levels of demand during the third quarter.

ARLA accepts PRS membership

The Association of Residential Letting Agents board has voted to accept that membership of the Property Redress Scheme.

Monmouthshire increases selected proc fees

Monmouthshire Building Society is increasing its procuration fees for buy-to-let, holiday lets and buy for uni mortgages.

BM cuts B2L transfer rates

BM Solutions is reducing its rates by up to 0.30% across its buy-to-let mortgage product transfer range.

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.