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 […]
Landbay recently surpassed £100m of mortgages funded to date with zero arrears. In Q1 of 2018 alone, the company funded 130 mortgages, lending a total of £26.8m in the three months to April, with 50% of these cases completed in March. […]
Over half (51%) of brokers have been approached by landlords looking to diversify their portfolios within the last six months, OneSavings Bank found. […]
Rental payments account for over half (52%) of the average disposable income of £1,4711 for people living and working outside the capital, Landbay’s Rental Index found. […]
Paragon is introducing a proc fee for intermediaries who submit further advance business for buy-to-let customers that subsequently completes.
Specialist lender Landbay has lent a total of £100m to buy-to-let landlords since it launched in 2014 and has doubled its lending volumes in six months. […]
Landbay will now treat small HMOs (with fewer than six bedrooms) like standard properties, meaning applicants can take out a 2-year fix at 3.09% to 75% loan-to-value. […]
Landbay chief executive John Goodall expects the specialist buy-to-let lender to continue growing market share despite the stamp duty surcharge for landlords and the PRA tax relief changes. […]
If an application fails the test, dependent on the case, Landbay may consider applications using up to 10% of the declared income, subject to a minimum personal income of £100,000. […]
The specialist buy-to-let mortgage lender Landbay, is extending its lending criteria to now include first-time landlords who do not currently own a residential property. First-time buyers will now be able to apply for a buy-to-let […]
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