Buy to Let News
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 Intermediaries has launched a range of buy-to-let deals with rates starting from 2.99% at 75& LTV.
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.
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.
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.
Gross mortgage borrowing hit £10.9bn in July, up 16% on the same month last year, statistics from the BBA have shown.
UK rents increased 3.7% year-on-year with growth predominantly driven by outer London, the latest Countrywide lettings index has revealed.
Some 30% of private tenants deal only with their letting agent, research from Ocean Finance reveals.
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.
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.
Landlords are set to receive a letter from HMRC if they are suspected of not having paid enough tax this year,
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,
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 has today reduced a number of rates across its residential and buy-to-let mortgage ranges.
Average rents in Greater London are now more than double those across the rest of the UK at £1,412 and £694 respectively.
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,
Commercial Trust has launched a new buy-to-let product comparison tool for landlords.
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 is cutting the rates across its 2-year and 5-year fixed rate range, writes Charlotte Lloyd.
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.
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.
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.
Appointed representatives of the Sesame network can now access a holiday let exclusive 5-year fixed-rate product via Leeds Building Society.
Precise Mortgages has improved the lending criteria on its residential and buy-to-let product ranges.
Rising property prices are causing an about-turn in rental yields, the latest Mortgages for Business Complex Buy to Let Index has found.
Keystone Buy to Let Mortgages has reduced its limited company application rates for the second time in two months.
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 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 Money has reduced the rates on a number of its buy-to-let fixed rate and tracker products.
Leeds Building Society has cut the fees on its range of buy-to-let mortgages.
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 has announced upgrades to its critical illness plan which become effective from today, writes Alan Lakey, director, CIExpert.
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%.
Three in five landlords plan to increase their property portfolios within six months, research from Mortgages for Business has revealed.
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
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.
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.
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 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 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 are becoming ever more confident in their buy-to-let investments, Paragon Mortgage figures show.
TBMC, the buy-to-let and commercial mortgage specialist, has launched a new exclusive buy-to-let mortgage with Hanley Economic Building Society.
SourceLet is offering letting agents and landlords the opportunity a free trial of its referencing service worth up to £400.
Shawbrook Bank has appointed Reading-based brokerage Commercial Mortgage Desk to its Strategic Partner programme.
Keystone Buy to Let Mortgages has reduced its fixed rate prices just two months after introducing its Classic and Premier Ranges.
Santander for Intermediaries has launched a fixed 5-year buy-to-let mortgage, while also reducing a range of its other products for landlords.
The government has pledged over £35m to clamp down on social housing and tenancy fraud,
Tenants struggling with late rent have made significant progress in the last twelve months, the latest Tenant Arrears Tracker by LSL Property Services has revealed.
The Mortgage Works is to remove upper age limits at term maturity on its buy-to-let mortgages.
Self employed landlords will be able to apply for buy-to-let mortgages through Santander for Intermediaries later this month.
Letting out properties due to not being able to sell is getting rarer, research from the Association of Residential Letting Agents revealed.
Paragon Mortgages has called on the government to allow buy-to-let property to be included in pension schemes.