Private Rented Sector Buy to Let Consultants
New Buy to Let Loan Restrictions What’s happening this week for nasty buy to let landlords? Landlords to be publicly shamed in market squares? Well, no, not yet! This weeks’ thing is all to do with mortgages. And it has been kicked around for a long time now, but it is finally here. On 29th September 2016, the Prudential Regulation authority published a […]
Read moreDavid 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 […]
Read moreDavid Lawrenson of private rented sector consultancy LettingFocus.com explains how traditional mortgage lenders need to up their game to avoid losing large chunks of the buy to let loan market to new entrants. How is this for a nice position to be in? You own 20 properties that you let out. Add up their value and they are worth £3m […]
Read moreDavid 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 moreIn 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 […]
Read moreDavid 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 […]
Read moreDavid Lawrenson of www.LettingFocus.com says the move to hike rates on some Bristol and West Tracker Mortgages looks wrong – and destroys confidence in all lenders. When I speak to people who want to sell services to private landlords (which includes organisations like local authorities and housing associations that desperately need private rented sector landlords to make their houses available […]
Read moreMany buy to let mortgage lenders are still not “ahead of the curve” in terms of understanding the impact of legal and regulatory changes in the private rented sector – and this often leaves their own businesses exposed to losses, says David Lawrenson of private rented consultancy, www.LettingFocus.com In an interesting piece in Joanne Atkin’s “Mortgage Finance Gazette”, Paul Walshe […]
Read moreIn this blog post, private rented sector expert, David Lawrenson of www.LettingFocus.com looks at how to get the most suitable mortgage deal. I’m often somewhat surprised by the fuss folks make about getting a mortgage and some of the wrong decisions they make too. To us it seems pretty simple. The first question to ask is for how long you […]
Read morePrivate 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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