Private Rented Sector Buy to Let Consultants
If 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 […]
Read moreIn this letter to Andrew Tyrie MP I ask him to take action to stop mortgage lenders cheating their buy to let Bank of England (BOE) mortgage tracker rate customers by invoking small print terms in separate documents that were never meant to apply to BOE tracker loans. I have highlighted this by illustrating from my own personal experience with […]
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 moreAt 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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