Buy to Let Mortgage Criteria Getting Smarter, Slowly

David Lawrenson of LettingFocus.com welcomes some more sensible lending from a few high street banks and building societies in the buy to let mortgage space. About time too. Buy to Let Mortgage Criteria Getting Smarter, Slowly From time to time I have commented on the “Computer Says No” attitude of the big high street banks and nearly all the building societies when it comes to […]

Read more

Applying on a Buy to Let Mortgage for a House you Intend to Live In

David Lawrenson of LettingFocus.com explains why more borrowers will try to “game” mortgage lenders by applying on buy to let mortgages for loans on properties that they intend to live in themselves. One of the likely outcomes of the Mortgage Market Review (MMR), which now applies to all residential loans, is that getting a mortgage for residential mortgages might prove […]

Read more

Our New Newsletter Is Out in January… and a Word About Ethics in the Business of Being a Landlord

We are now closing for the Christmas and New Year break. However, our still free, new quarterly newsletter will go out in the first or second week of January, so look out for this and remember to put our email address, [email protected] in your whitelist to ensure you receive it. If you don’t already get the newsletter but would like […]

Read more

Mortgage Tracker Rates Open Letter to Andrew Tyrie MP

In this letter to Andrew Tyrie MP I ask him to take action to stop mortgage lenders cheating their buy to let Bank of England (BOE) mortgage tracker rate customers by invoking small print terms in separate documents that were never meant to apply to BOE tracker loans. I have highlighted this by illustrating from my own personal experience with […]

Read more

West Bromwich Building Society Mortgage Rate Hike

David Lawrenson, private rented sector expert and director of LettingFocus.com, highlights the risks to lenders of invoking terms in the small print of mortgage contracts to hike landlords’ tracker mortgage rates. At previous blog posts we predicted that it was likely that other lenders would follow the Bank of Ireland’s move in hiking interest rates on buy to let mortgage […]

Read more

Why New Build Buy to Let Loans Went Wrong for the UK’s Mortgage Lenders

In this article, private rented sector consultant David Lawrenson of LettingFocus goes down memory lane to look at how and why lenders made a mess of buy to let loans for new build stock. Newbies in residential property investment may wonder why there is a lack of lender appetite to lend on new build flats. Some lenders will not lend […]

Read more
1 2 3 7