Private Rented Sector Buy to Let Consultants
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 moreIf you have read my recent posts and seen me quoted on the net, you will know that I recently published a blog highlighting that some lenders, (including a state owned bank), still have in place restrictions, within their buy to let mortgage terms and conditions, which prohibit private landlords letting to tenants who are on housing benefit (or “DWP” […]
Read moreLenders 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 moreMy blog post last week (about what mortgage companies could do to support landlords more), generated 27 emails from managers at buy to let mortgage lenders and ten from landlords. One aspect that I referred to, in passing, was how the mortgage lenders had been “behind the play” in terms of understanding how bad buy to let mortgage lending and […]
Read moreMortgage companies writing buy to let mortgages could do more to reduce the possibility of future arrears. It is a subject that we have written about extensively before at this blog, not least because the activities of the lenders exasperates not just would be borrowers but also mortgage brokers who often find many of the activities of the lenders hard […]
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