Private Rented Sector Buy to Let Consultants
Stupid 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 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 moreDavid 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 […]
Read moreDavid Lawrenson of Private Rented Sector Consultants LettingFocus.com looks at why some mortgage lenders don’t want to allow landlords to let to tenants who are dependent on housing benefit to pay their rent. Last week, at this blog, I looked at Nationwide’s new policy (for the Mortgage Works) to not allow landlords taking out mortgages or remortgages with them to […]
Read moreMortgage lenders are increasingly not allowing private landlords to let to tenants on benefits. This can only lead to even more landlords removing their properties from this end of the market – a part of the market where tenants have very few housing options. With nowhere else to go, more families will need to be put up in expensive B&B […]
Read moreLast week I attended two big housing related events and an online blog debate. The first up was “Housing 2012”, the big annual Chartered Institute of Housing (CIH) conference, which was being held for the first time in Manchester. I attended as a new CIH member visiting the exhibition. Later in the week I was back in London, where I […]
Read moreThis week, for one day only, I’m off to visit the Chartered Institute of Housing’s exhibition in Manchester. I joined the CIH only a few weeks ago and am keen to find out more about what they do and what other members’ attitudes to the private rented sector (PRS) are. The CIH seems to still be mainly concerned with social […]
Read moreFor 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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