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Category: Buy-to-let

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Eleanor Williams, finance expert at Moneyfacts, said: “As we pass the 25th anniversary of the first BTL mortgages as we know them, our data gives landlords cause for positivity.”

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Upon receiving the full applications, the formal offers were issued in three working hours. 

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It will now lend up to £3m for an MUB property at 70% LTV and £2m for a new build property at 70% LTV.

andrew ferguson west one

West One said this is a key step in its growth strategy for 2021 as it continues to open up its proposition to networks and mortgage clubs.

private rental PRS prices sequre

Each year, £21.4bn is generated in rental income in the capital, equating to 4.3% of the region’s GDP.

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This was revealed during an interview conducted by Rob Jupp, chief executive of Brightstar.

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More than half of landlords surveyed (55%) intend to increase rents in the coming 12 months.

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West One has developed a series of products across its entire range, launching with the release of the GREEN product for buy-to-let (BTL).  

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For both products the society has a limited distribution model and it accepts mortgage applications from all intermediaries based its heartland area (Cumbria, Yorkshire, Tyne & Wear, Northumberland, Durham & Lancashire).

Tanya Toumadj mortgage broker tools MBT

Research from Mortgage Broker Tools (MBT) found that the broker community is potentially missing out on £35.6m of additional proc fee income.