The Housing White Paper
The Government has just released its much anticipated Housing “White Paper”. The document outlines their plans to mend the “broken” housing market, make all types of homes more affordable, create more affordable housing, and more security for renters. EXECUTIVE SUMMARY The proposals in this White Paper set out how the Government intends to boost housing […]
New mortgages aimed at small-portfolio buy to let investors
The buy to let mortgage market has suffered something of a battering in recent months but now Post Office Money is launching a new range of products on Friday, aimed at first-time landlords or those with small portfolios. The lender says its latest products are designed for those buying their first rental property, or for […]
Buy-to-let lending hits highest level since stamp duty surge
There was a significant rise in the amount buy-to-let landlords borrowed to invest in property before the introduction of new affordability tests brought in at the start of this month ahead of changes to tax relief from April this year, new figures show.Landlords borrowed £3.2bn in November 2016, up 10% month-on-month, but down 9% year-on-year, […]
Now is the time to act if you are considering a BTL remortgage or purchase
The Prudential Regulation Authority (PRA) Consultation on landlord ‘affordability’ management is being implemented as guidance to lenders from the 1st of January. The PRA are requiring Buy to Let lenders to take into account borrower’s increased tax liabilities due to Section 24 mortgage interest relief reductions and other outgoings when assessing the amount of loan […]
Buy-to-let investors return to the market
Landlords and buy-to-let investors appear to have returned to the market following the post-Stamp Duty lull in April, Rightmove has claimed. The portal’s Rental Trends Tracker for the third quarter of 2016 found that buyer enquiries from potential landlords and investors are now up 30% since May, following a short-term dip as additional Stamp Duty […]
Acute lack of supply keeps average house prices up – but only just
House price inflation continued to slow in September, Halifax has revealed. House prices did go up last month, but by just 0.1% on August. The lender’s latest house price index recorded average prices at £214,024 for September, up 5.8% annually, which is down from 6.9% in August. On a quarterly basis prices fell 0.1%, their […]
Buy to let boom continues according to new survey
According to the latest report from mortgage industry tech supplier, IRESS, the buy to let sector continues to go from strength to strength, seeing a 49% increase in buy to let compared with it’s 2015 Survey. The survey provides insight across many aspects of the mortgage market and application processing. Now in its fifth year, […]
No recession and no house price crash for UK, says PWC
The UK will avoid a severe recession and a house price crash following the Brexit vote, PricewaterhouseCoopers has said. It believes that there will be a marked slowdown in house price growth, but no major crash. It believes that house prices will grow 3% this year and 1% next, before house price growth picks up […]
Third of landlords undecided on Brexit vote
According to new research from the National Landlords Association, 30% of landlords are still undecided about whether they will vote to leave or remain in the upcoming referendum on the European Union. The news comes a little over a week before the referendum, taking place on June 23, which will decide whether or not the […]
Renting Guide
According to the Office of Nation Statistics 36% of households in England and Wales were rented rather than owner-occupied. Being a tenant is widely accepted as a viable alternative to home ownership, particularly among those who may not yet be willing or able to consider buying a permanent home. Renting a property should be an […]