Interest Only Buy to let Mortgages, the FSA and the Mortgage Market Review

Lenders new found worries about interest only mortgages is impacting buy to let mortgages too. It is likely the smart lenders who understand buy to let  will benefit from this, says David Lawrenson of www.LettingFocus.com. Private landlords need to shop around to find these lenders. Residential interest only mortgages are the cause of a great deal of worry for the […]

Read more

Longer Term Tenancies and Getting the Right Buy to Let Mortgage

In this LettingFocus blog post, we discuss our research into the potential for buy to let mortgage lenders to allow borrowers to offer longer term assured shorthold tenancies. We also look at the questions borrowers should ask themselves to ensure they get the mortgage that’s right for them. Currently, at LettingFocus we are doing research into the potential for buy […]

Read more

Buy to Let Mortgages, the SVR and Follow On Mortgage Rates

Landlords (or indeed anyone buying a property) face ever rising costs to buy and sell property. On the buying side, stamp duty and the now ubiquitous “mortgage arrangement fee” are both much higher than in days gone by and local councils also charge more for searches. On the selling side, estate agency fees continue to rise. On both buying and […]

Read more

Private Landlords Don’t Sell Their Time for Money but Must Beware of Other Risks in Letting to Achieve Success

At the end of a recent speaking engagement to a group of building society buy to let lending staff in the North of England, none of whom were landlords; I asked them, “So, do you think you might be interested in becoming landlords then.” I was a bit surprised when all said, “No” That got me thinking. Recently a peer […]

Read more

Generation Rent, the Nation of Renters and Landlords Taxes

A recent survey and press release from the Halifax (the ones with those annoying but oddly impactful adverts of the two girls making a jingle and spilling their coffee) got a lot of column inches. “Suddenly we are becoming nation of private renters” says the Halifax. Those of you who have followed my work for a while will know that […]

Read more

Buy to Let Mortgages and the Future for Smart Lenders

For a long time, in our corporate consulting work with mortgage companies and brokers, I have advised lenders and brokers that the “one size fits all” mortgage lending approach in buy to let may be nearing the end of its shelf life. Our work may soon start to bear fruit. Eventually, other mortgage lenders will follow and design mortgage products […]

Read more

Local Housing Allowance and Housing Benefit not of interest for Majority of Private Landlords

Many local authorities, housing associations and charities designing strategies to try to get private landlords to let to tenants on Local Housing Allowance are very fond of doing surveys of landlords. (Readers of this blog will know how critical I was of one particular survey of landlords that, last year, was used to make some astonishing claims for the impact […]

Read more

Mortgage Lender Inefficiency and Housing Market Failure

One of the curious aspects of landlord behaviour is a failure to look beyond the initial mortgage rate deal terms. And comparison sites don’t help as they rarely say what the follow on rate is once the initial attractive deal period ends. I have seen many mortgage deals recently where you will see some great headline rate – but it’s […]

Read more

Government Policy on the Private Rented Sector is Not Joined Up

Sometimes government policy doesn’t seem to join up too well – with different policies apparently conflicting with each other. Two good examples are (1) the lending activities of state owned banks which appear to hamper what local councils are trying to do with their private rented sector access schemes, especially lease schemes and (2) policies on HMOs which appear to […]

Read more
1 2 3 4 5