EU Mortgage Proposals for Accidental Landlords

David Lawrenson of LettingFocus.com thinks the latest EU proposal for mortgages which will affect accidental landlords is nonsensical. EU Mortgage Proposals for Accidental Landlords As you may know. buy-to-let mortgages are currently not regulated, unlike mainstream residential mortgages. The thinking is that landlords are “business” borrowers – and being such clever people, they therefore need less supervision. (Obviously, whoever made […]

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Mortgage Lenders and the FCA and Why Lenders Got Things So Wrong in The Past

LettingFocus looks at mortgage lenders and the FCA – and shows why lenders got things so wrong in the past. If you have read my past blogs you will know of the “class action” shortly to commence against West Bromwich Building Society (WBBS) who have broken their contract with buy to let mortgage borrowers and reneged on some of their old […]

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Applying on a Buy to Let Mortgage for a House you Intend to Live In

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 […]

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Interest Only Buy to let Mortgages, the FSA and the Mortgage Market Review

Lenders 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 […]

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