Archive for November, 2008
Wednesday, November 26th, 2008
Following the report from the Council of Mortgage Lenders (CML), it appears that buy to let mortgage holders are suffering fewer reposessions than mainstream borrowers so far.
The number of buy to let repossessions in the third quarter of 2008 was in line with the first two quarters, standing at 900.
This means that whilst 0.1% of [...]
Posted in Buy to Let Mortgages, Landlords | 1 Comment »
Monday, November 24th, 2008
A property is likely to be the single most expensive item you will ever buy. For this reason, getting a mortgage can seem daunting. The amount of money you will borrow may seem intimidating to start with. Added to that, the vast array of mortgage products on the market, all with different mortgage rates, and [...]
Posted in Mortgage Rates | 2 Comments »
Monday, November 24th, 2008
Whether you are a first time landlord or a professional property developer, it is good to know the facts about the buy to let mortgage product you buy.
Buy to let mortgages can be a fantastic investment and a great way to purchase your property. With the right planning and calculations, you could find yourself making [...]
Posted in Buy to Let Mortgages | 1 Comment »
Monday, November 24th, 2008
More buy to let mortgage holders are in arrears than mainstream property owners since records began.
So far, the buy to let market had been performing well, but it the Council of Mortgage Lenders (CML) has revealed that the buy to let market is starting to show signs of credit crunch fatigue.
At the end of September [...]
Posted in Buy to Let Mortgages, Mortgage Rates | 1 Comment »
Thursday, November 20th, 2008
The Royal Institution of Chartered Surveyores reports that rents in buy to let properties have fallen for the first time since 2003.
The statistics come from the RICS Residential Lettings Survey Q£ 2008.
The report states: “In the three months to October, continued falls in house prices coupled with further tightening in mortgage lending conditions has turned [...]
Posted in Buy to Let Mortgages, Landlords | 2 Comments »
Thursday, November 20th, 2008
Financial services firm Standard and Poor has predicted that buy to let mortgages sold with lax underwriting standards will begin to underperform very soon.
The firm stated that though buy to let mortgages have traditionally survived well in various economic climates, the high interest rates and limited credit brought on by the credit crunch has put [...]
Posted in Buy to Let Mortgages | 1 Comment »
Thursday, November 20th, 2008
Richard Pym, executive chairman of nationalised bank Bradford and Bingley, has claimed the the buy to let mortgage market is “closed.”
Mr Pym said that due to the amount of deals withdrawn from the market during this year’s economic turmoil the market is now completely different to last year, BBC News reports.
Mr Pym was speaking during [...]
Posted in Buy to Let Mortgages | 1 Comment »
Friday, November 14th, 2008
A survey conducted by Serliana Property Investment Consultants reveals that the majority of buy to let mortgage holders are optimistic about the effects of the housing crisis.
The survey of 9,000 property investors found that nearly 80% of landlords think that property prices will increase between now and 2013.
The survey also showed that landlords are still [...]
Posted in Uncategorized | 3 Comments »
Friday, November 14th, 2008
The Empty Homes Agency reports that there are almost one million buy to let properties standing empty in the UK due to the credit crisis.
The EHA reports that an 85% proportion of empty homes are owned by landlords.
The news comes following reports that first-time borrowers are finding it difficult to break into the buy to [...]
Posted in Uncategorized | 3 Comments »
Tuesday, November 11th, 2008
New figures have emerged that show how the buy to let mortgage market has been affected by the housing crisis.
The latest Land Registry figures show that, whilst house prices have fallen on average by 8% this year, terraced house prices have fallen by almost 9%.
Terraced properties, as entry-level properties, have traditionally been popular with first [...]
Posted in Uncategorized | 2 Comments »
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