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DIY landlords warned on tenancies

Wed 8 Jun 2016

Landlords who manage all aspects of tenancies on their own must be careful not to fall foul of the law, the Association of Independent Inventory Clerks has warned. Those who compile tenancy agreements and other important documents independently and without professional guidance could be inadvertently breaking the law. The AIIC draws attention to a study […]

Sesame and PMS launch buy-to-let exclusives

Tue 7 Jun 2016

Sesame and PMS have launched two exclusive buy-to-let 2-year fixed rate products via Leeds Building Society. The products, which have no early repayment charges, are a 2.55% fix until 31 August 2018 up to 60% LTV and the second is 2.99% fixed until 31 August 2018 up to 70% LTV. Both products include a free standard valuation […]

Platform reduces rates

Wed 1 Jun 2016

Platform has cut buy-to-let mortgage rates at 70% loan-to-value and 75% LTV by up to 0.15%. Highlights include 5-year fixes at 3.89% to 70% LTV and 3.99% to 75% LTV, both with no fee. The lender’s 2-year tracker buy-to-lets have been cut to 2.24% to 70% LTV and 2.34% to 75% LTV, both with a […]

Investors turn to commercial and HMOs for yields

Wed 1 Jun 2016

Investors are increasingly looking at HMOs in addition to commercial and semi-commercial properties to expand their portfolios, research from Mortgages for Business has shown. Three in 10 (28%) investors are considering purchasing HMOs in the next six months, up from just 10% six months ago. Despite the cooling effect of the 3% stamp duty surcharge […]

Bridging can benefit from the changing landlord market

Wed 1 Jun 2016

The bridging market enjoyed a terrific start to 2016. The latest figures from the Association of Short Term Lenders (ASTL) have revealed that in the year to 31 March, members of the trade body – which includes LendInvest – increased their lending volumes by 16% year-on-year. The value of those loans were up by even […]

Landlords returning to market following ‘stamp duty malaise’

Wed 1 Jun 2016

A “stamp duty imspired malaise” is finally easing with landlords looking to buy more property, according to research from BDRC Continental on behalf of Paragon Mortgages. BDRC surveyed more than 1,000 private rented sector landlords and found that while confidence remains low among landlords as a result of recent government interventions in the buy-to-let market buyers are returning […]

Paragon refreshes professional landlord range

Wed 1 Jun 2016

Paragon Mortgages has updated its buy-to-let product range for professional landlords and added six new products. There are new 2-year fixed rate products starting at 3.40% with a 1.50% product fee at 65% LTV for single self-contained units, a 2-year fix at 3.75% with a 1.50% product fee at 65% LTV for HMOs and multi-unit blocks. Additionally […]

EasySource goes live

Wed 1 Jun 2016

EasySource, the sourcing system from Brightstar, has gone live. The system, which has been two years in the making, has been developed with the aim to “revolutionise the way that brokers search for loans and mortgages”. EasySource makes it possible to search across different product types for the very first time. EasySource’s technology will make it easier for […]

TFC Homeloans launches QuickSearch

Tue 31 May 2016

Distributor TFC Homeloans has launched a specialist sourcing tool called QuickSearch powered by APAC Systems. Using the tool – which has been tested for a year – brokers can answer 20 questions about their client’s details and needs before comparing all specialist product types in one place including mortgages, second charge loans, bridging finance, commercial […]

Rental supply set to nosedive H2

Tue 31 May 2016

Rental supply will “nosedive” in the next six months, the Association of Residential Letting Agents’ managing director David Cox has predicted. ARLA research showed that rental properties managed per branch increased by 8% in April from the month before but stood 5% lower than April 2015 year-on-year. Cox said: “It’s likely that this increase in […]