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Buy to Let News
Radical changes are being proposed to the way 600,000 houses in the social rented sector in Scotland are allocated and managed.
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TBMC, the buy-to-let and commercial mortgage specialist, has launched a 3.25% 2-year discount buy-to-let exclusive up to 60% loan to value with free valuation and no early repayment charges.
There are now six mortgage lenders offering more than twenty buy-to-let mortgages with LTVs up to 80%.
Paragon is on the lookout for assets to buy after reporting a 12% uplift in quarterly profits.
Platform has launched a new range of buy-to-let products aimed at landlords wanting to purchase higher value properties.
Woolwich has confirmed it will relaunch its buy-to-let range to brokers by the end of this month.
Yorkshire Building Society is extending the geographical reach of its buy-to-let range from Monday 23 January to cover loans on suitable properties across England and Wales.
Research suggests the tide is turning in the rental sector with an easing in the demand for rental property and a rise in the numbers of tenants struggling to meet their monthly rent payments.
Rents fell for the second consecutive month in December 2011, with a monthly decrease of 0.8% to £711 per month, according to the latest Buy-to-Let Index from LSL Property Services.
More than half of intermediaries expect to do more buy-to-let mortgage business in 2012 than they did last year, Paragon Mortgages claims.
Platform will boost its buy-to-let lending volume by a third this year with £600m to lend.
Bob Young, managing director of CHL Mortgages, says 2012 is the year of buy-to-let.
December is the optimum time of the year for potential renters to find a new property, as the market experiences a temporary slowdown and asking prices fall.
One in three private sector renters is struggling to afford their rent every month, new research claims.
A fifth of landlords are looking to grow their portfolios over the next 12 months, research from Paragon Mortgages reveals.
Leeds Building Society has launched a new fixed rate buy-to-let range offering fees-assisted deals available over 2, 3 and 5 years.
CHL Mortgages’ arrears figures for the third quarter of 2011 were at 1.71%, 43 bps below the industry average published by the Council of Mortgage Lenders.
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
The Government’s latest proposals to boost the housing market will also support greater investment in the private rented sector, a sector which accounts for a third of all households.
Rent rises slowed to their lowest rate in eight months, according to the latest buy-to-let index from LSL Property Services.
Increased demand for rental property is sparking a renewed interest in the private rental sector from landlords in some parts of the UK, according to the Association of Residential Letting Agents.
Platform has launched one year tracker buy-to-let deals exclusive with Sesame and two year tracker buy-to-let deals exclusive with Legal & General network.
The number of new buy-to-let loans increased by 16% in the third quarter of 2011, according to data published today by the Council of Mortgage Lenders.
The number of valuations in October 2011 grew 61% in comparison to October 2010, reveals Connells Survey and Valuation.
Almost half of active landlords with Paragon Mortgages added to their property portfolios during the past quarter.
Landlords are increasingly positive about the outlook for the buy-to-let market in the UK, according to CHL Mortgages’ latest landlord survey.
The South West has emerged as the UK’s lodger hotspot, with homeowners earning thousands of pounds of extra income a year by renting out their spare rooms.
Jackie Bennett OBE, head of policy at the Council of Mortgage Lenders, says that the complete exclusion of the UK from European buy-to-let regulation is an area which the trade body was losing traction on.
Three out of four landlords in the Local Housing Allowance market could be forced out of the sector due to government caps on housing benefit payments.
The Financial Services Authority has said for the first time that it "sees the logic" of regulating buy-to-let.
A rise in the average fixed and variable buy-to-let rates in Q3 2011 has been attributed to the economic problems in the eurozone says The Business Mortgage Company.
Intermediaries who are looking to grow their business by moving into the buy-to-let market are being urged by Paragon Mortgages to do their research when it comes to professional landlords.
Rents recorded monthly rises in all regions for the first time on record in September, according to the latest buy-to-let index from LSL Property Services plc.
Demand for rental properties will remain strong and continue well into 2012, claimed Landlord Assist.
Rental accommodation forms a vital part of the UK’s housing mix, said Jake Berry MP at a Conservative fringe event in Manchester.
The number of new tenancies has been at record levels for the past year but the private rental sector may finally be running out of space to cater for tenant demand.
Mortgage brokers will be able to earn 30% commission on sales of a landlords only policy launched by Paymentcare.
More than a quarter of buy-to-let enquiries are from potential first-time landlords, research from Kensington has revealed.
Average buy-to-let interest rates and arrangement fees fell in the past year but still remain higher than normal residential mortgages.
The Council of Mortgage Lenders says buy-to-let will be exempt from European regulation.
Countrywide has opened its 100th new lettings office in 14 months taking its total number of lettings offices to over 330.
Woolwich from Barclays wants to quadruple its amount of buy-to-let lending in 2012.
Santander is thought to have delayed its much talked-about launch into buy-to-let until March next year amidst rumours IT and servicing glitches scuppered launch plans for September.
Platform has introduced let-to-buy across its range of buy-to-let products following broker feedback.
The State Bank of India has entered the mortgage market for the first time, beginning with buy-to-let mortgages with amounts ranging from £50,000 to £1.5m and loan to value ratios of up to 60%.
Rental income has increased for the third consecutive quarter, research by specialist buy-to-let lender Paragon has revealed.
A record number of new landlords joined the my|deposits scheme in August 2011 according to the company.
The National Landlords Association has reported a continued increase in the popularity of buy-to-let mortgage products.
Yorkshire building society subsidiary Accord Mortgages is launching a range of buy-to-let products to a wider panel of broker partners.
The Intermediary Mortgage Lenders Association believes that it is not a foregone conclusion that buy-to-let will become regulated under the European Mortgage Directive.
Platform’s plans to grow its presence in the buy-to-let market were underlined today with the launch of a new range of products specifically for brokers.
One in six (17%) pet owners say they’ve been prevented from renting a home because the landlord wouldn’t allow them to have their pet in the property.