Ryan Bembridge

Labour Party report proposes mortgage crackdown

Wed 5 Jun 2019

The study proposed making buy-to-let landlords show that their existing income is sufficient to cover mortgage costs rather than stress testing based on rental income. It also said mortgage interest relief should be scrapped.

Labour unveils ‘Land for the Many’ report

Wed 5 Jun 2019

The report proposed that council tax be replaced by a ‘progressive property tax’ payable by the owners, not the tenants, while it recommended having a progressively higher rate of taxation for the top four property bands by value.

West One launches into first charge buy-to-let

Tue 4 Jun 2019

Specialist lender West One Loans has launched a range of first charge buy-to-let mortgage products. The range includes standard and specialist products that are initially available through partners including Enterprise Finance, Vantage Finance, Brightstar, Dynamo and Connect for Intermediaries – with wider distribution following in the ‘near future’. Danny Waters, chief executive of Enra Group, […]

Fiduciam closes €5.5m loan in Spain

Thu 30 May 2019

The loan, completed in three days, was to finance the development of two luxury villas in Marbella and has an 18-month term with an interest rate of 0.80% per month.

Coventry widens buy-to-let criteria

Fri 17 May 2019

Coventry has increased the number buy-to-let mortgages allowed with the society from three to five per household, while it has increased the aggregate loan limit on all rental properties mortgaged to them from £1m to £2m.

IMLA: Expect more calls for rent controls

Tue 14 May 2019

Pannell noted that tax and regulatory changes, like the reduction in mortgage tax relief, have resulted in landlords maintaining or shrinking their investments rather than expanding their portfolios.