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News
Buy-to-Let Watch: Rising to the challenge of uncertain times
2+ day, 16+ hour ago (596+ words) The path is paved with opportunity for both landlords and specialist brokers — as long as both parties are willing to adapt These are uncertain times for landlords. Indeed, it could be argued that, economically, the vista remains one of uncertainty…...
Landbay cuts rates across core BTL range
3+ day, 1+ hour ago (250+ words) Buy-to-let lender, Landbay, has announced a series of rate reductions across its Core buy-to-let range, with cuts of up to 0.20%. The reductions apply across 19 of its 75% LTV two- and five-year fixed-rate products covering both Landbay’s standard Core and Core AVM…...
Inspired Lending cuts bridging rates
4+ day, 1+ hour ago (171+ words) Inspired Lending has announced a reduction to its bridging rates following increased funding support from the Pears family. First-charge bridging finance is now available from 0.75% per month, down from the previous minimum of 0.79% per month. Rates for second-charge bridging, heavy…...
More than 8,500 tenanted homes on the market – Mortgage Strategy
4+ day, 31+ min ago (394+ words) More than 8,500 homes with tenants already in place are currently being marketed for sale across England, according to analysis by The Letting Partnership. The latest figures show an estimated 8,553 properties are currently being advertised with tenants in situ, representing 1.8% of…...
Brokers report 88% rise in holiday let enquiries: The Cumberland
5+ day, 2+ hour ago (413+ words) Demand for holiday let finance continues to grow despite a series of tax and regulatory changes affecting the sector, new research carried out by The Cumberland Building Society reveals. The research found that 88% of mortgage brokers have seen an increase…...
Halifax, BM Solutions, Accord and InterBay push rates up
4+ day, 21+ hour ago (202+ words) Lenders continue to announce rate hikes, with Halifax Intermediaries, BM Solutions, Accord Mortgages and InterBay launching higher rates from tomorrow (9 September). Halifax Intermediaries home move and first-time buyer rates will rise by as much as 0.12% on selected fixed rates products....
Stoke and Plymouth best university locations for landlords
5+ day, 22+ hour ago (395+ words) Stoke-on-Trent offers landlords the strongest rental yields among the UK’s leading university locations, according to new analysis from Paragon Bank. The city, which serves the University of Staffordshire and nearby Keele University, recorded a student property yield of 9.42%, based on…...
Nearly three quarters of property investors plan Build to Rent investment: Handelsbanken
1+ week, 4+ day ago (479+ words) Nearly three quarters (71%) of professional property investors plan to invest in Build to Rent developments, Handelsbanken’s fifth annual Property Investor Report reveals, despite a sharp fall in the number of new BTR homes starting construction. Handelsbanken’s research found almost two…...
Coventry boosts FTB borrowing with 6.5x income
1+ week, 5+ day ago (212+ words) Coventry for intermediaries has increased support for first-time buyers by introducing lending of up to 6.5 times income for eligible customers. The new loan-to-income (LTI) multiples will be available on residential purchases up to 95% loan-to-value (LTV) and require a minimum income…...
Accord and TSB trim rates by up to 37bps – Mortgage Strategy
2+ week, 3+ day ago (112+ words) Accord and TSB trim rates by up to 37bps Mortgage Strategy Accord Mortgages has cut rates by up to 37bps, while TSB has reduced rates by up to 20bps. Accord’s cuts apply to its residential product transfer and additional loan products. All the…...