Providers of buy to let mortgages have made it still more difficult to obtain a buy to let mortgage.
The Mortgage Works, owned by Nationwide, is refusing applications for mortgages from property developers, which could prove to be a barrier for thousands of landlords when applying for remortgage deals in 2009.
The organisation will not accept applications [...]

A group of MPs are investigating possible legislation that would allow buy to let landlords pay back evaded taxes through an amnesty.
This would mean that landlords would not face financial penalties or legal action from HM Revenue and Customs.
The amnesty would coincide with a major campaign to inform landlords, business-owners and other self-employed or “high [...]

Fund manager Managing Partners Ltd’s latest research claims that buy to let landlords lost £52.8 billion in equity in the year up to October 2008.
This makes a loss of £144.77 million per day or £6 million per hour.
Despite this more investors have joined the buy to let mortgage market.
Buy to let mortgagees have increased since [...]

The government yesterday published the details of its Homeowner Mortgage Support Scheme.
The scheme will not inlcude buy to let mortgages.
To qualify for the scheme, borrowers will also have to have received advice from a body other than their lender; they have to have fallen into arrears for a number of months; and have to show [...]

The National Landlord’s Association have appealed for the two-year mortgage payment holiday to also include buy to let mortgage holders.

The sector has felt the hit of the credit crunch, despite traditionally performing well in periods of recession.

The NLA said that by giving buy to let landlords more time to get up to [...]

Borrowers with buy to let mortgages have enjoyed approximately £1 million in extra income due to the base rate cuts, according to portfolio management firm Young Group.
Young Group chief executive Neil Young said: “With an eye on the economy and the potential for base rate cuts, Young Finance - the Group’s FSA regulated mortgage company [...]

A new study by Standard and Poor claims that buy to let mortgage holders are at a higher risk of coming into negative equity.
According to the research, 88% of buy to let mortgages were interest-only deals. This means that no equity was being repaid at all.
The research also said that landlords who took out their [...]

Prominent lender Pink Home Loans claimed today that the number of people seeking buy to let mortgages.
Pink’s most recent survey of intermediaries revealed that 73% had experienced a notable drop in interest in buy to let mortgages in the past few months.
A small proportion, 11% in total, had experienced an increase in buy to let [...]