Source Insurance has added an additional specialist landlord property insurance product, Landlord Plus, to its panel. Landlord Plus provides landlords with cover for all tenant types including unoccupied properties and holiday homes as well as properties undergoing renovation or construction work up to £250,000. Buildings cover is available up to £1m and contents £100,000 with […]
Paragon Mortgages have made changes to their lending criteria for limited company landlords in the wake of recent government announcements regarding tax relief changes. The specialist buy-to-let mortgage provider has removed the exclusivity borrowing restriction for limited company landlords, meaning they can make best use of holding their properties in a corporate structure. John Heron, […]
Four out of five (78%) would-be landlords will still consider investing in property after the new stamp duty rules are introduced from 1 April, Nottingham Building Society research shows. The 3% stamp duty surcharge will put off one in seven (14%) landlord purchases. Ian Gibbons, senior mortgage broking manager at Nottingham Mortgage Services (part of The […]
The Lending Channel is hosting a roundtable event for brokers wanting to improve their knowledge of specialist lending. Aldermore, Bank of Scotland, Masthaven and Shawbrook will be speaking at the event, which will take place at Falkirk Stadium on 27 April, and will be available to talk through any questions brokers may have on commercial, […]
Houses in multiple occupation are likely to be the most popular property type for property investors this year, research from Shawbrook has claimed. A survey of the bank’s clients looked into the outlook for 2016 from property professionals and the expectations they have for their own investments. A third of investors cited HMOs as their […]
The Financial Policy Committee must use caution when deciding when to use loan-to-income and loan-to-value caps to dampen a perceived boom in buy-to-let, the Council of Mortgage Lenders has warned. In its response to the Treasury’s consultation on buy-to-let powers of direction for the FPC the CML said lenders accept the need for robust macro-prudential […]
The Private Housing Bill was passed into law by the Scottish Parliament last night reducing landlords’ rights to repossess, end tenancies and raise rents in some areas. Under the new legislation landlords are no longer able to terminate a tenancy when the agreement reaches its contractual end, repossession grounds have been restricted and the government […]
Paragon Mortgages will now accept consumer buy-to-let applications via its sister brand Mortgage Trust. Ahead of Monday’s deadline its new online application system is live, meaning Mortgage Trust products are available to consumer buy-to-let customers. John Heron, Paragon’s director of mortgages, said: “We are pleased we have been able to launch our consumer buy-to-let application […]
Delegates at the Scottish National Party Spring Conference have voted in favour of introducing national rent controls for all Scottish tenants. Should the SNP win a majority in the upcoming Scottish general election this could mean landlords are unable to raise rents above a cap set by the State, even when their own mortgage costs […]
Landlord returns reached a 14-month high of 12% in the year to January 2016, the latest Buy-to-Let Index from Your Move and Reeds Rains has revealed. Landlords typically made £21,988 over the period. Adrian Gill, director of estate agents Reeds Rains and Your Move, said: “Buy-to-let returns are building and property prices are picking up […]