Archive for the ‘Buy to Let Mortgages’ Category
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
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Mr Pym said that due to the amount of deals withdrawn from the market during this year’s economic turmoil the market is now completely different to last year, BBC News reports.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 »
Monday, November 3rd, 2008
The Government’s Rug Report was released last week. It recommended that landlords make a business plan before taking out a buy to let mortgage.
Landlords will also have to have a licence to let before taking out a mortgage. The review said that the new measures would be to protect tenants in case landlords default on [...]
Posted in Buy to Let Mortgages, Landlords | 1 Comment »
Friday, October 24th, 2008
Buy to let products are specifically used by borrowers who wish to rent their property out to tenants as an investment. They normally achieve this by using the rent from their tenants to meet mortgage repayments. With the tenants paying off the mortgage, the landlord is able to maintain ownership of the property at the [...]
Posted in Buy to Let Mortgages | 2 Comments »
Friday, October 24th, 2008
If you wish to buy a property in order to rent it out to tenants, a buy to let mortgage is probably the right mortgage product for you. These kinds of mortgages allow you buy a property and essentially let it pay for itself through the revenues made from rents. Buy to let mortgages are [...]
Posted in Buy to Let Mortgages, Landlords | No Comments »
Friday, October 24th, 2008
A buy to let mortgage can be a very useful financial product. These types of mortgages allow you, under certain conditions, to purchase a property and then rent it out to tenants, which means you can use the revenues from the rents you collect to pay off the mortgage, and cover any repairs or improvements [...]
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