Buy-to-let rates fall

Wed 9 May 2018

The cost of a typical 5-year fixed rate buy-to-let mortgage has fallen since the start of the year despite speculation that the Bank of England will soon increase base rates again. This was found by a Mortgage Tracker launched today by Property Master, a digital start up that uses algorithms to match the requirements of individual private […]

Mandatory code and qualification are among final steps towards professional lettings

Tue 8 May 2018

The proposed introduction of a mandatory code of practice and national qualification for letting agents are among the final steps towards a fully professional lettings sector, according to rental payment provider PayProp. The new measures, announced in April, also include ongoing professional development and training for agents as well as increased support for leaseholders. They […]

Brightstar launches specialist lending workshops

Tue 8 May 2018

Brightstar Financial has partnered with lenders to launch specialist lending workshops that are designed to help brokers engage with the market. On Thursday 7 June, Brightstar is inviting brokers already involved with specialist lending to discuss their cases directly with experts at the Brightstar clinic, meet some of the biggest specialist lenders in the market […]

Landlords waiting to assess changes before taking action

Tue 8 May 2018

Landlords are waiting to see how the governmental and regulatory changes affect the buy-to-let market approach and how it adapts to Brexit uncertainty before making further purchases. To prevent the impact of the regulatory changes, half (49%) of landlords reported they are going to wait and see what happens over the next 6-12 months before […]

Clever Lending joins Family Building Society panel

Tue 8 May 2018

Clever Lending has been appointed by Family Building Society as a packager for residential and buy-to-let mortgage products. The partnership will support Clever Lending brokers that are seeking products for home buyers, and for landlords needing finance to buy or refinance existing investment property. Sonny Gosai, head of specialist lending at Clever, said: “It is very exciting […]

Coventry for intermediaries cuts buy-to-let rates

Fri 4 May 2018

Coventry for intermediaries has reduced rates across its 2, 3 and 5-year fixed rate buy-to-let ranges reduces by up to 0.20%. For both 2-year and 5-year fixed rate deals, there’s an LTV of 75%, ERCS payable and a £1,999 product fee. For the 2-year fixed rate deal rates were cut from 1.95% to 1.75% and for the 5-year fixed rate deal, rates were cut from […]

new appointment

InterBay partners with PMS Mortgage Club

Fri 4 May 2018

InterBay Commercial has partnered with PMS Mortgage Club to provide a direct submission route for its brokers and complement its existing distribution network.  From today, PMS Mortgage Club members will be able to access InterBay’s range of commercial, semi-commercial, buy-to-let, HMO and bridging products, offering advisers access to lending against a wide range of property types, […]

Commercial Trust shortlisted for two awards at L&G Mortgage Club Awards

Fri 4 May 2018

Specialist buy-to-let broker Commercial Trust has been short-listed for Best Broker Firm for Buy-to-let and Best Smaller Firm for Overall Quality at the L&G Mortgage Club Awards 2018. This will take place at the annual lunch, at The Guildhall, London, on 8 June. After voting from the Club’s members and partners, Danny Belton, head of […]

Leicester, Nottingham and Northamptonshire are best areas for rental growth

Thu 3 May 2018

Leicester (3.02%), Nottingham (2.96%) and Northamptonshire (2.44%) were found to be hotposts for rental growth over the last 12 months, Landbay’s Rental Index has found. The index, powered by MIAC, also found the average rent for a property in England grew by 0.64% in the year to April. This is as falling rents in London […]

Thistle Finance and Mercury FX partner to offer UK expats savings on buy-to-let

Thu 3 May 2018

Specialist packager, Thistle Finance has partnered with global currency specialist, Mercury FX, to help expats purchasing UK buy-to-let property while overseas. Thistle is seeing increased interest from expats for buy-to-let around the UK. Scotland, in particular, is a major growth area for expat buy-to-let, with Skipton International recently launching north of the border to accommodate rising demand. Mark Dyason, […]