Recently, I came off a fixed rate mortgage deal only to find out I had been transferred onto a DIFFERENT lender’s standard variable rate and was paying a massive 4.54% OVER BASE on my monthly repayments! I was pretty shocked as the SVR of the original mortgage was just 2.14% over base. The mortgage repayments seemed reasonable and the rent was still covering the monthly mortgage payments so it took me a while to notice this. I had my original BTL mortgage with a specialist BTL lender who has since been wound up. All their mortgages were ported onto a prominant Midlands based lender.
The Mortgage Trust has returned to lending with the launch of a range of buy-to-let products that are only available via intermediaries. The brand is part of Paragon but stopped lending in February 2008 and is now being relaunched by the firm.
An article on ensuring you have the best chances of securing buy to let mortgage finance in what remains a difficult climate.
The latest mortgage finance products for UK buy to let investors and landlords.
An interview with full time property investor and owner of ‘Keys Mortgages’ Lisa Orme discussing her history as a professional property investor; the risks of a bottoming market; whether property today is only for the cash rich; newbie investing / entering the market with low cash reserves; no money down in 2011; tips obtaining mortgage finance in a challenging market; improving your credit rating for the buy to let lenders; the FSA’s ‘Mortgage Market Review’; property options / impending regulation; the base rate rise and some advice for highly geared landlords.
An interview with Phil Rikards from BM Solutions on the current buy to let mortgage market we discuss a range of topics including the company’s 20-year history; current market confidence; BM Solution’s short / medium / long term strategy; risks from a BTL lending perspective; new FSA regulations (the Mortgage Market Review); the BTL lender-borrower relationship moving forward and the future of new build property.
An interview with Bernard Clarke from the Council of Mortgage Lenders (CML) discussing a range of topics including the recent drop in house prices demonstrated by the Halifax; homeownership trends in the UK; the importance of the buy to let market; the BTL lending landscape moving forward into 2011; buy to let regulation / professionalism; new build lending; the implications of the low bank base rate; future inflationary pressures; some advice for new property investors amongst others.
An interview with Paul Howard – Head of Intermediary Sales – at The Mortgage Works (TMW), one of the UK’s leading buy to let lenders. We ask what was their reasoning on being one of the first lenders to reintroduce higher LTV ratios in the market in recent times, as well as looking into their thoughts on the short, medium and long-term; how lender behaviour has / is changing; the new Financial Policy Committee (FPC); their new build criteria; Local Housing Allowance lending and more:
An April 2010 interview with IFA and mortgage expert including insights into the current UK buy to let market place including some professional predictions for the future and other valuable insights.