Portfolio Landlords Buy to Let Mortgage Assessments

Portfolio Landlords Buy to Let Mortgage Assessments I received some interesting comments from the residential estate agent, Portico, this week on the new buy-to-let mortgage lending rules hitting portfolio landlords (those with four or more buy to let mortgage loans) later this month. Portico.com’s Regional Director, Mark Lawrinson, commented:  “Under the new rules, if you want to make an application for a […]

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Buy to let Mortgage Volume Data Probably Nonsense – But Being used to Drive Policy

A few weeks ago, the government announced it was weighing up giving the Bank of England more powers to intervene in buy to let lending to cap loans. Buy to let Mortgage Volume Data Probably Nonsense – But Being used to Drive Policy This is because they are concerned that large numbers of landlords could sell out at the same […]

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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 […]

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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 […]

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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 […]

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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 […]

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London Assembly Calls for Longer Term Tenancies

At LettingFocus we are pleased to see our evidence to the London Assembly on the private rented sector was accepted and made it through as a key recommendation. The London Assembly has issued another report on the private rented sector – this time calling for the mayor to intervene in the capital’s private rented sector to “stabilise rents” and encourage […]

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When is a Tracker Mortgage Not Really a Tracker Mortgage and How More Lenders Are Giving Themselves Get-Out Clauses

David Lawrenson of private rent consultants, LettingFocus.com explains how mortgage lenders have now set up get out clauses within their tracker mortgage deals which are so wide that the industry could eventually be forced to stop marketing them as tracker deals. He also predicts that the Bank of Ireland “rate hike” case will result in a victory for those landlords […]

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