The buy-to-let sector might not look wholly appealing right now, but over time, and with the right broker support, incentives and products, landlord confidence can be restored.
The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to maintain interest rates at 0.75%.
The speed of change within the mortgage market is only likely to accelerate.
Members of the network now have access to the insurer’s life and critical illness products, as well as Scottish Widows Care, with support from RedArc, for people and families who are most vulnerable.
The advent of Black Friday and Cyber Monday is a great opportunity for intermediaries.
“Every pound of lending is a pound that needs protecting.”
Andrew Turner, chief executive at specialist buy to let broker Commercial Trust, felt the move to raise income tax thresholds could be good news for some buy-to-let borrowers.
Gross mortgage lending across the residential market in September was £21.5bn, some 1.2% lower than last September, UK Finance’s Household Finance Update has found.
Specialist mortgage lender Magellan Homeloans has launched into the Help to Buy sector, offering Help to Buy: Equity Loan, London Help to Buy and Help to Buy Wales.
The number of mortgages approved for house purchase increased to 66,440 in August, the highest level since January 2018, The Bank of England’s money and credit statistics has found.