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Buy to Let News

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

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.

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.