Buy to Let News
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.
Capital Home Loans could be set for a dramatic return to the lending market as owner Permanent TSB looks to sell off its UK buy-to-let mortgage subsidiary.
Landlords have increased the size of their rental portfolios in Q3 a survey by specialist buy-to-let lender Paragon Mortgages has revealed.
Paragon Mortgages has launched six 2-year fixed rates aimed at the professional landlord market starting at 4.5% up to 75% loan to value.
West Bromwich Building is set to increase the rate of its buy-to-let trackers by 2% in a move that will affect some 6,700 borrowers.
Virgin Money has expanded its buy-to-let offering with the launch of a new range of buy-to-let mortgage products.
Accord Buy to Let has launched three mortgages with zero completion fees.
The number of reluctant landlords in the private rented sector is falling, latest research from the Association of Residential Letting Agents reveals.
Rents across England and Wales are at the second highest level on record according to the latest Buy-to-Let Index from LSL Property Services.
There are 3.3 million people across the UK living in rented accommodation who are not listed on the tenancy agreement according to new research commissioned by Direct Line for Business.
The capital’s army of buy-to-let investors are finding it harder to source high LTV deals due to lenders tightening up their criteria, London broker Springtide Capital says.
The National Landlords Association has welcomed the decision from the European Union to ensure new European legislation on mortgages safeguards the buy-to-let market and offers peace of mind for property owners buying abroad.
Shawbrook has widened the parameters of its residential buy-to-let products to help more property developers obtain finance by raising the loan to value to 70%.
Countrywide Residential Lettings has bought 15 letting businesses in the last six months and 18 since the start of 2013 and plans to buy eight more by the end of the year.
The average advertised rent in Greater London grew by 1.74% in August, the first monthly increase since March of this year driving up the national average by 0.3% to £970, Move with
Lending for buy-to-let has continued to follow an upward trend, similar to the market overall, with an increase of 12% compared to June, figures from the Council of Mortgage Lenders show.
Hinckley & Rugby has launched a buy-to-let 2-year discounted rate at 4.19%, up to 75% loan to value.
Landlords continue to achieve good returns on buy-to-let investments with the greatest yields being achieved in Wales at 6.6%, the Midlands at 6.5% and the North at 6.4%, figures from the Countrywide Monthly Lettings Index show.
Landlord Assist, the nationwide tenant referencing service, says the influx of new landlords drawn to the sector by the economic downturn have changed the face of the buy-to-let market.
Optimism continues to grow in the landlord community, research by specialist buy-to-let lender Paragon Mortgages has revealed.
Newham Council has sent out a warning to rogue landlords telling them to “clean up their act or pay the price”; the move follows 110 arrests through its landlord licensing scheme.
Students are increasingly feeling the pinch as high demand for rental accommodation causes rents to grow at their fastest rate for three years, a study from easyroommate.co.uk revealed.
Metro Bank has reduced mortgage rates on its residential mortgages by up to 50bps and up to 30bps for its buy-to-let products.
Keystone Buy to Let Mortgages is extending its lending criteria to include Scotland.
BM Solutions is launching two new fixed rate products for buy-to-let remortgage customers.
Animal-loving tenants are increasingly well catered for as a survey has revealed a 75% rise in pet-friendly landlords in Central London.
Landlords from the North West are enjoying the highest rental returns in England at 6%, figures from the Association of Residential Letting Agents show.
Birmingham has three postal districts in the buy-to-let top ten best rental yield hotspots, with properties in the B7 area at the top of the table raking in 10.6%, research from Move with Us showed.
Metro Bank has today launched two residential buy-to-let products for professional property investors.
Shawbrook has introduced two mainstream buy-to-let mortgages up to 75% loan to value to be piloted through Commercial Processing Centre, The Buy to Let Business and 3MC for the next three months.