In comparison to renting a property to a single-family. The rental income from multiple occupants often results in higher aggregate rental income. This may not always be the case. It may be that shared housing is in low demand in…
Blog Archives
Mortgage interest relief changes for Landlords Budget 2015
Up until April 2017, landlords, whether individuals or corporate, can offset the amount of interest which they pay to their lenders annually on their mortgage against their tax bill. Capital repayments do not qualify. Landlords are entitled to treat interest…
Posted in Buy to Let News
7 Tips for Self Employed Mortgage
Mortgage Lenders usually class you as self-employed if you own more than 20-25% of the shares of a business. Keep your accounts in Good Shape. The mortgage broker can ask from one years accounts, mainstream lenders for three years but…
Posted in Buy to Let FAQ
RightMove launches “Landlord Inteligence”
RightMove has launched a new “information” service called Landlord Intelligence with fancy Spy Themed video that shows an ere Google Streemap panorama of what you put in. After this showing off of technologies from Google Streetview and RightMove we get…
Posted in Buy to Let News
Metro Bank – Now Avaliable at Bespoke Finance
We are delighted to inform going into 2015 Bespoke Finance is opening up Metro Bank mortgage offering to be available in all of England and Wales; Metro has opened their doors and no longer limited to London. Metro Bank is…
Posted in Buy to Let News, Residential Mortgage News
2014 Stamp Duty Changes
Before 4 December 2014, SDLT was charged as a single percentage of the property price. After 4 December 2014, SDLT is charged at different rates depending on the portion of the purchase price that falls into each rate band. This…
Posted in Buy to Let News, Residential Mortgage News
House Price rise by just 0.3% in November
You can read Nationwide full report HERE. The annual pace of house price growth continued to soften in November, falling from 9.0% in October to 8.5%, marking the third consecutive month where annual growth has moderated. This is despite house…
Posted in Buy to Let News, Residential Mortgage News
Fleet Mortgages releases new Product Range
Fleet Mortgages a new mortgage lender is about to launch offering HMO Products, Limited Company Products and Vanilla Buy to Let. The launch of the range is expected to be in early December with products already sent to distributors. Completion…
Posted in Buy to Let News
Brighton worst for Gazumping in UK
Brighton topped the charts with 34.9% of people having been previously gazumped when buying a property – this is followed by 31.9% in London. Outside of the South East the average drops from 22% to 18%. Birmingham figures show 27%…
Posted in Buy to Let News
More Landlord Regulation; with a bribe
The NLA is supporting the The Chartered Institute of Housing (CIH) as it proposes further landlord regulation, sweetens proposal with a Tax Cut bribe. CIH recommendations include extra Housing Standard regulation above the Housing health and safety rating system (HHSRS).…
Posted in Buy to Let News
1% of RBS/Natwest Mortgages are Compliant
The FCA has reported that “Only 2 of the 164 sales reviewed were considered to meet the standard required overall in a sales process.” Failings include: Failing to consider the full extent of a customer’s budget failing to advise customers…
Posted in Buy to Let News
Property Investor Confidence (Q2 2014)
According to research by conducted by The Mortgage Works and BDRC Continental has shown that Property Investor Confidence is growing. Confidence in Rental Yields remain stable at 63% dropping by 1% – denoting little decrease in tenant demand/viod periods for landlords.…
Posted in Buy to Let News
TMW now includes Rent Guarantee Insurance
The Mortgage Works (TMW) is to offer a six month rent guarantee period to new buy-to-let customers. The buy-to-let lender has teamed up with Rentguard Insurance to offer this feature to landlords. TMW said it hoped the move would help ‘stabilise and…
Posted in Buy to Let News
6 Tips to avoid being Gazumped
The downside of a buoyant market is that buyers are prepared to pay a premium to secure the right property. Even if that can lead to a out-bidding (gazumping) process, leading people to obtain Gazumping Insurance. The stressful experience of…
Posted in Buy to Let FAQ, Buy to Let News
85% LTV comes to BTL Renovation
A mortgage broker may recommend KRBS for their speciality; 85% Loan to Value purchase or re-mortgage product. A more unknown company (owned by the same group as KRBS) TODAY launch a speciality of their own for your refurb projects. Bob,…
Posted in Buy to Let News
Government issues Tenant guidance for renting
Her Majesty’s Government has issued a guide for tenants and landlords to help them understand their rights and responsibilities. It provides a checklist and more detailed information on each stage of the rental process. Published 10 June 2014 by Department…
Posted in Lettings FAQ
Property Investor Confidence (Q1 2014)
According to research by conducted by The Mortgage Works and BDRC Continental has shown that Property Investor Confidence is growing. Confidence in Rental Yields remain stable at 65% – denoting no decrease in tenant demand/viod periods for landlords. Whist Rental…
Posted in Buy to Let News
Buy to Let Barometer Q1 (from TMW)
According to research by The Mortgage Works and BDRC Continental has shown that the average tenancy duration is 2.5 Years. It goes on to outline those looking for Long Term Tenancies are better finding Retired Couples whom say for the longest and…
Posted in Buy to Let News
Landbay – New P2P BTL Lender
A new Buy to Let lender called Landbay sees its public launch today, an exciting new peer-to-peer finance option. Apparently buy-to-let investors can enjoy from Landbay, competitive rates and a faster, more rational application process than banks and building societies…
Tagged with: Buy to let, goodall, John Goodall, Landbay, launch, lender, new, p2p
Posted in Buy to Let News
Posted in Buy to Let News
Rental Market Update 05/2014
Data from the April 2014 HomeLet Rental Index shows a fourth consecutive monthly decrease in average rental amounts in Wales, after decreasing by 2.6% during April. Compared to a three consecutive monthly increase in average rental amounts in the South…
Posted in Buy to Let News
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