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Archive for the ‘Mortgages’ Category

Buying is better than renting in Britain

July 22nd, 2010

It is cheaper to buy a property as opposed to renting one in 74% of the country, according to Zoopla.co.uk.

Research by Zoopla.co.uk looked at 50 locations throughout Britain and found that average monthly mortgage repayments we on average 8% lower than rental payments on a comparable property in three-quarters of the locations. Read more…

Author: Landlord Categories: Home Insurance, Landlord Insurance, Mortgages Tags:

More landlords are planning to buy properties

June 22nd, 2010

Research by Paragon Mortgages has found that the number of landlords planning on purchasing a buy-to-let property has almost doubled.

According to Paragon 21% of landlords plan to buy property in the third quarter of the year, up from 11% who planned to buy property during the first quarter and 12% who planned to buy property in the second quarter. Read more…

Author: Landlord Categories: Landlord Insurance, Mortgages Tags:

Buying over Renting?

June 17th, 2010

Latest research published by Santander Mortgage has indicated that “it is a good time to buy”.

First-time buyers are being told that buying a property is cheaper than renting in all areas of the UK except London. As a matter of fact, after assessing the current market, Santander Mortgages found  that “the average monthly rental prices Read more…

Precise Mortgage is entering the Buy-To-Let market

May 24th, 2010

Today the Buy-To-Let market has received a real “helping hand” as Precise Mortgage entered the market.

According to the Financial Times, “Precise Mortgages will initially distribute through a controlled panel of intermediaries made up of L&G Mortgage Club, Mortgage Intelligence and Mortgage Next.” Read more…

Buy-to-let Landlords are rushing to sell before the CGT rise

May 20th, 2010

According to the NLA (National Landlords Association), the number of residential landlords looking to sell their properties to avoid the increase of the Capital Gain Tax (CGT) has jumped.

The association is worried about the future of the market if the CGT would be replaced by a new rate.

As a matter of fact this sudden rise of available properties may have a very negative impact on the real estate’s value. Read more…

Low interest rates for Buy-To-let mortgage benefit landlords and tenants

May 20th, 2010

The current low interest rates are good for landlords as well as tenants. This is the point of view of Malcolm Harrison, a private rental sector expert, who has noticed that it is easier for landlords to pay off a loan if they are charged less interest.

According to Malcolm Harrison the decrease in rates have helped landlords make their mortgage payments. He explained that this is also a very good point for the tenants, as there could be more properties coming onto the rental market, which will increase choice. Read more…

Kensington enters the Buy-to-Let market

May 18th, 2010

Kensington Mortgages has entered the Buy-To-let market with a range of different mortgage packages in order to boost landlord’s portfolios.

Kensington who is an intermediary lender which provides mortgages through regulated financial advisers has launched today two year fixed rates at 5.69% and a three year fixes rate at 6.19%. The lender is targeting experienced landlords, which means proprietors who own more than two buy-to-let properties. Read more…

Author: Landlord Categories: Landlord Insurance, Mortgages Tags:

Good news for Buy-to-let Mortgages

May 13th, 2010

The residential market should benefit from the changes to buy-to-let mortgages, as it has been announced by the Mortgage Work.

The Mortgage Works (TMW) which is a subsidiary of Nationwide Building Society has launched yesterday a new range of 80% LTV (loan to value) buy-to-let mortgage. Read more…

Author: Landlord Categories: Landlord Insurance, Mortgages Tags:

Buy to let mortgage is back

May 11th, 2010

The buy-to-let mortgage market is showing signs of recovery as lenders are starting to offer cheaper and larger loans.

The buy-to-let mortgage market was hit very hard by the credit crunch and had created a very uncertain environment for landlords. Property prices decreased considerably, and although beginning to increase have still left landlords in a difficult position. Read more…

Author: Landlord Categories: Landlord Insurance, Mortgages Tags:

More landlords enter the buy-to-let market

May 4th, 2010

For the first time in Q1 of 2010 there has been an increase in the number of landlords in the buy-to-let market.

In the face of a falling mortgage sector, it isn’t a far leap to imagine that the buy to let mortgage market is falling also. However new research from Paragon Mortgages found that the percentage of first time buy-to-let investors taking out a buy-to-let loan actually increased to 21% whereas in December they made up only 16% of new buy-to-let loans. Read more…

Author: Landlord Categories: Landlord Insurance, Mortgages Tags: