The troubled Co-Operative Bank saw mortgage completions top £500m in the first three months of the year.
Buy-to-let specialist The Buy to Let Business has predicted it will double the amount of business it writes this year compared to 2015 forecasting £1bn of loan completions.
It’s a very interesting time for the buy-to-let industry. The market is more buoyant than it has been in years and with new lenders coming into the fold and rates getting more competitive it looks set to grow further.
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Let-to-buy transactions should be exempt from European regulations which will see some buy-to-let mortgages classed as consumer decisions, according to panelists at The Buy To Let Market Forum.
As the phrase ‘one year on from MMR’ starts to fade away, it is being replaced with ‘one year until the MCD’.
Each Friday, Mortgage Solutions rounds up the most popular articles on the website over the past week. What did you miss?
Gateway Surveyors has experienced its busiest month for valuations in its 10-year history, with volumes jumping by 20% in March on February’s figures.
Fleet Mortgages has reported £145m of buy-to-let lending in its first quarter of trading with an average loan size of £245,000.
Monthly secured lending volumes rose by 10.7% in February from £58.2m to £64.4m, figures from the Loans Warehouse index revealed.
NatWest Intermediary Solutions and Coventry BS are set to cut rates across their product ranges from 9 April.
Buy-to-let landlords in the North East are the least confident about their property investment, figures have shown.
The Financial Policy Committee has put the UK's buy-to-let lenders on notice that it will be monitoring activity in the market closely, minutes from its meeting on 24 March revealed.
Axis Bank UK, the UK subsidiary of India's third largest private sector bank, has launched a three-week pilot of its buy-to-let range with Mortgages for Business.
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