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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Mortgage Loans and Housing Benefit and Why a Selective Approach is the Better Option

David Lawrenson of www.LettingFocus.com observes the latest mortgage lender U turn on allowing landlords to let to housing benefit tenants, but says that rather than a “blanket” approach of either allowing or not allowing landlords to do this, a better way would be if lenders “selectively” allowed it – with the decision linked to other variables such as landlord experience […]

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Are First Time Buyers Really Unable to Get Mortgages… and Another Word About Lease Options

“First time buyers cannot get onto the housing ladder. They are priced out of lots of areas where they would like to live”. You hear this kind of thing quite a lot: Young first time buyers are priced out because they are not earning enough or because they cannot raise the necessary deposit to get a mortgage. But is it […]

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Bad Mortgage Lending and Property Bubbles

For some reason, investing in residential property has often made a fool out of otherwise sensible people (and banks). All too often, they cannot see a bubble until it is about to burst. In this blog post David Lawrenson of www.LettingFocus.com mulls over the wreckage. Every now and then you will read of a banker (or one of their supporters) […]

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The Standard Variable Rate and the Mortgage Prisoners

Private residential landlords are typically long term investors and supposedly quite canny too. So one would expect them to typically opt for mortgages which at the end of any initial “teaser” fixed or discounted term would “go to” or “revert to” a rate which was going to be very competitive over the long term. And yet I often hear of […]

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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 […]

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