Archive for the ‘Buy to Let Mortgages’ Category
Tuesday, January 13th, 2009
The annual Association of Residential Lettings Agents (ARLA) review, published today, reveals that many buy-to-let mortgage holders are taking a long-term approach to their property investments.
Despite rumours that many landlords are being forced to sell up, the review shows that the annual life expectancy of a residential property investment is on average 16.3 years, and [...]
Posted in Buy to Let Mortgages, Property Investment | 4 Comments »
Wednesday, January 7th, 2009
A report in The Guardian today claims that the government will focus more sharply on buy-to-let mortgage holders’ tax returns this year.
HM Revenue and Customs has been motivated to examine the tax returns and self assessments of landlords by the increase in buy-to-let property owners in 2008.
Recent figures state that there are currently 800,000 rental [...]
Posted in Buy to Let Mortgages, Landlords | 3 Comments »
Sunday, January 4th, 2009
British landlords will not sell off properties in 2009 as long as they can keep up mortgage repayments, a research analyst has predicted.
Yolande Barnes, of Savills, said that it would be nonsensical for landlords to sell their properties as the market hits its lowest trough.
In fact, Barnes said, now may be the time that landlords [...]
Posted in Buy to Let Mortgages, Landlords | 3 Comments »
Tuesday, December 30th, 2008
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 [...]
Posted in Buy to Let Mortgages, Property Investment | No Comments »
Wednesday, December 24th, 2008
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 [...]
Posted in Buy to Let Mortgages, Landlords | 2 Comments »
Friday, December 19th, 2008
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 [...]
Posted in Buy to Let Mortgages, Landlords | 2 Comments »
Friday, December 19th, 2008
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 [...]
Posted in Buy to Let Mortgages, Landlords | 1 Comment »
Monday, December 8th, 2008
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 [...]
Posted in Buy to Let Mortgages, Landlords | 3 Comments »
Thursday, December 4th, 2008
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 [...]
Posted in Buy to Let Mortgages | 2 Comments »
Tuesday, December 2nd, 2008
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 [...]
Posted in Buy to Let Mortgages, Landlords | 2 Comments »
|