Category: Buy-to-let
A run down of the panels today at the MBE included the specialist finance qualification, regulation for commercial products, EPC ratings and green mortgages.
Phil Richards from Keystone, said that in terms of green mortgages, he believes they have a place in the market, however they require innovation.
Paul Brett, managing director of intermediaries, at Landbay, said that government support could be needed to help landlords avoid significant bills.
Shawbrook Bank has made more buy-to-let options available to customers with small HMO properties.
Vida has made a number of changes to its limited edition buy-to-let products including reducing the rates of three of the current products by up to 0.25%.
The rate cuts see limited company rates reduced by 0.50%, starting from 2.59% for a 2-year fixed at 75% loan-to-value (LTV) with a £1,995 product fee.
Overall, the barometer shows slight falls in rental yields compared to the same quarter last year, however Fleet point out that in 2020 this covered the first full three-month period out of lockdown where yields spiked in certain parts of the country.
The research, which asked around 100 portfolio buy-to-let (BTL) landlords and brokers for their views on the BTL market, also found being able to re-let properties quickly was high up on landlords’ priority, with 37% saying it was a key concern.
Paresh Raja, chief executive of MFS, said: “This is a hugely exciting moment for MFS. Building on our 15-year experience as a specialist lender, primarily in the bridging space, we’re now bringing the speed and flexibility that we’re so well known for into the BTL space.”
LendInvest has introduced a new holiday let product catalogue, with rates starting at 3.59% for 65% loan-to-values (LTVs) for 2-year fixed products.