Category: Buy-to-let

Helen McKinney joins as head of sales for the South region and Ian Hall and Rob Stanton have been promoted to head of sales roles for their respective regions in the North and the Midlands.

Interestingly the top searches within equity release have shifted in recent months from factors affecting the loan to considerations relating to the property itself.

It has hired Gareth Stockton and Michael Blake as BDM for the North West and has promoted Rebecca Watkins as a BDM covering Bath, Bristol and Bournemouth and Gary Burgess as BDM for the East of Scotland.

The committee was looking at the regeneration of seaside towns and communities and saw evidence provided by the RLA.

In the Autumn Budget of 2018, Chancellor Philip Hammond announced the abolition of lettings tax relief from April 2020. Turner thought this could impact on ‘accidental landlords’, those who once lived in a property and then decided to rent it out.

There are 2-year fixes from 60% to 75% loan-to-value (LTV), including a 2.14% with a product fee of £995, a 1.84% with a £1,995 product fee and a 2.54% without a product fee.

Rates now start at 2.54% for a two-year fixed and 3.64% for a five-year fixed, at 70% LTV. Similarly, rates have fallen to 2.69% and 3.79% at 75% LTV for 2 and 5-year fixes respectively.

Launched at ExCel London during ARLA Propertymark’s annual Conference and available to all ARLA Propertymark members from today, the toolkit contains 10 factsheets covering all aspects of the ban, and a series of 18 short films looking at specific issues.

It’s headed up by Paul Tait, who has experience in banking, fintech, mortgage brokerages and estate agencies and was part of the original team that set up online mortgage broker Habito.

From Monday 1 April 2019 Platform; the intermediary mortgage brand of The Co-operative Bank, will not consider letting conditions across all mortgages that restrict landlords from letting to tenants in receipt of housing benefit.