Buy-to-let lender Landbay has launched a new professional landlords range for 2017. Highlights of the range include a standard term tracker from 3.88%, fixed rate products from 4.2%, including a 5-year fix from 4.4% with ICR (Interest Coverage Ratio) based on pay rate, a HMO tracker from 3.98% and an expat tracker from 4.38%. Paul Clampin, […]
British expats buying property in the UK to let out while they are living abroad are increasingly opting for homes in the Greater London area and the South East of England. Some 40% choose buy to let in Greater London and 25% in the South East of England while 10% buy in the South West […]
Investing in commercial real estate in Europe is set to continue to produce positive yields in 2017 although there are risks ahead, particularly with Brexit in the UK, a new report suggests. Overall, European real estate markets have delivered strong returns in recent years and, although the cycle is maturing, it is far from over, […]
Helen Searle has joined Regentsmead as a business development manager. Searle, who has spent the last four years working with AToM as a senior commercial mortgage manager, will be promoting the development finance lender and its’ products to the broker market. Ashley Ilsen, Regentsmead head of lending and CMO, said: “We’re delighted to get Helen […]
Six out of 10 landlords now believe that they will be affected by the forthcoming changes to both income tax relief and stricter mortgage affordability checks, the latest results from the Mortgages for Business Property Investor Survey reveal. Although 60% of respondents felt that they would be directly affected by income tax relief changes, 29% […]
Clever Lending has partnered with Kensington Mortgages as a distributor of their buy-to-let first charge mortgage products. The partnership will see Clever Lending handle first charge enquiries, packaging and lender liaison which will benefit brokers on more complex cases. Using their particular expertise, Kensington Mortgages will be helping brokers complete on cases they thought too […]
Bridging Finance Solutions has strengthen its team with the appointment of regional business manager Richard Gray. Gray comes from a financial background and previously held a similar position with a finance ‘packaging’ company, and will focus on the North of England. He said: “I’m very comfortable working within this sector having held various positions with […]
Almost half of landlords in the UK would ditch their letting agent if their profits began to fall, according to a new survey carried out a time when they are coping with considerable change in the sector. Overall some 47% say they would forego the services of their letting agent with landlords in Scotland, the […]
Individual landlords in the UK’s private rented sector, including those with a buy-to-let mortgage are adopting an even keel mentality in the face of considerable change. New research based on the largest survey to date of UK landlords commissioned by the Council of Mortgage Lenders and carried out by Kath Scanlon and Christine Whitehead of […]
Landlords expect to reduce the size of their portfolios with the government’s crackdown on the buy-to-let sector, research from the Council of Mortgage Lenders has revealed. However the CML found there was only a modest aspiration to do so – as just 5% and 11% of buy-to-let landlords expect to condense their portfolios in the […]