Archive for the ‘Landlords’ Category
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 »
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 »
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 »
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 »
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
Whilst there is no law requiring you to have insurance on your buy to let property investment, it is very unwise not to. Most buy to let mortgage lenders will not lend to you if your property is not insured, and as often your property is your most valuable asset, the cost of the insurance [...]
Posted in Landlords | 1 Comment »
Friday, October 24th, 2008
Buying a property to let can be a great way to boost your income, provide funds for the future, and even start off a new career as a full-time landlord. There are, however, many pitfalls to avoid when getting a buy to let mortgage. In order to get the best from your property investment, here [...]
Posted in Landlords, Property Investment | 1 Comment »
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 fantastic way to make money and add a property to your portfolio. If you make a good investment in property, your time as a landlord can be largely stress-free, but in order to achieve this, it is vitally important to make sure everything adds up first.
Getting [...]
Posted in Landlords | No Comments »
|