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…
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…
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…
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…
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…
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 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…
