Category: Buy-to-let
Landbay has repriced its limited edition range of 5-year fixed rate buy-to-let (BTL) remortgage products.
Andy Halstead, chief executive at HomeLet & Let Alliance, said, “2021 has been a strange year, with the effects of the pandemic still being seen across the housing market.”
Paresh Raja, chief executive of MFS, said: “The first two months of our BTL pilot have gone extremely well, we’re delighted with the number of solid enquiries we’ve had, and it’s great to see deals already coming to fruition.”
LendInvest has also repriced its bridging product range, with rates starting from 0.49%, and LTVs up to 75%.
Data also shows that as a proportion of the mortgage market in November 2021, remortgages accounted for 43.4%, while purchases accounted for the remaining 56.8%.
Ross Turrell, commercial director of CHL Mortgages, said: “The specialist BTL marketplace continues to see sustained levels of interest and enquiries from investors, developers and landlords who are looking to take advantage of rising tenant demand.”
The average void period for 2021 to date is 28% lower across the country compared to 2020 figures.
All rentals will be required to have an energy-efficiency rating of at least a C by the end of 2028.
MBT Affordability provides brokers with accurate calculations of how much their clients can borrow from a panel of more than 40 residential and 65 buy to-let lenders,
The fixed rates see price cuts of 0.15%at both 85% LTV and 90% LTV levels.