Category: Buy-to-let

UK Finance Data revealed that every sector of the industry slowing in September 2018.

At the same time the lender has launched 80% loan-to-value mortgages, which are a 2-year fix at 3.45% and a 5-year fix at 3.61%, both to 80% LTV with a £1,995 fee..

The North West is the top hotspot for rental yields with an average yield of 5.4%, followed by Scotland with 5.3% and Yorkshire and the Humber with 4.9%, Shawbrook Bank has found.

Buy-to-let mortgage rates are expected to rise so landlords should take advantage of the current low rate deals while they are still available, Andrew Turner, chief executive, at specialist buy-to let broker Commercial Trust, has argued.

Elsewhere Stockport took the second spot overtaking regional leader Manchester which stood third. 

Over the last decade rents have risen 22%, but inflation has risen 24% since 2008.

adria

The proposition is suitable for a wide range of landlords, including personal, limited company and HMO applicants, and offers ICR options to help with affordability.

On the panel is Interbay, Precise, Together, Ortus Secured Finance, Bridge Crowd, MT Finance, Roma Finance, West One Loans, Bridging Funding and Aspen Bridging

Rents up 2% year-on-year

Rents in the UK rose by 2.1% in October compared to the same month a year ago with the average monthly rent now standing at £928 a month, HomeLet’s Rentals Index has found.

Marsden Building Society has refreshed its product portfolios, introduced two expat buy-to-let products and an expat residential product and made changes to its residential and older borrowing products.