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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