Private Rented Sector Buy to Let Consultants
Why I Won’t Switch from My Two Per Cent Above Base Rate Lifetime Trackers Back in the day in the world of buy to let there was such a thing as lifetime tracker mortgages. In the heyday of buy to let in the late 90s and early noughties, before the Great Financial Crash (or GFC as some call it) of […]
Read moreStupid Mortgage Lenders I used to do a bit of consultancy for mortgage lenders, but I don’t anymore as the attractions of being semi-retired appeals far better. So, my tongue is now loosened and I can say what I think more freely. So here goes: Most mortgage lending companies still employ weird underwriting criteria which often make bugger all sense […]
Read moreI am staggered to keep reading about people who, two to three years ago, opted for two or three years fixed term mortgages instead of longer terms of at least five years. More on that in a moment, but first I look at why the financial crash and the events of 2020-2022 helped property buyers and landlords. Why The Financial […]
Read moreIf you are on a variable rate, you ought to fix your mortgage now, whilst rates are still low and before they go up – which seems inevitable. There is still some record low rate mortgage deals around. For example, there is a five-year fixed rate at 1.65% available as I write this, but with real inflationary pressures breaking out […]
Read morePortfolio 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 […]
Read moreA 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 […]
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 moreAt LettingFocus we take a look at marketing to the private rented sector and to landlords. We look at which sectors of business are good at it – and which are not As part of our business consultancy at LettingFocus.com we advise organisations – both public and private – about how to connect with, market to and sell products and […]
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 […]
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