More than half of buy-to-let landlords and property investors live within 10 miles of their rental properties, according to analysis from Countrywide Residential Lettings.
Packagers were some of the very first casualties of the credit crunch, which makes perfect sense when you think of the role that the packager plays as the specialist in between the broker and the specialist lender.
London landlords received an average annual return of £38,000 over the past 12 months, more than double the amount received by landlords outside the capital.
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Surveyor Connells' buy-to-let mortgage applications rose by 62% last year as the rental market continued to remain strong and competition among lenders for market share improved product availability.
Barclays has cut its Help to Buy three-year fixed rate from 5.35% to 4.99% at 95% loan-to-value while increasing rates across its residential and buy-to-let two-year fixed rates.
The latest statistics from the Council of Mortgage Lenders showed buy-to-let remortgaging up 42% in quarter four last year compared to 2012.
Ahead of the Mortgage Market Review (MMR) implementation on April 26 lenders have been reviewing their policy, process and systems. Henry Woodcock, principal mortgage consultant at Iress, looks at what the changes will mean.
Each Friday, Mortgage Solutions rounds up the most popular articles on the website over the past week.
The number and proportion of first-charge mortgages ending in repossession was lower in 2013 than in any year since 2007, data from the Council of Mortgage Lenders has revealed.
The Post Office has returned to the buy-to-let sector, aiming to ‘challenge’ traditional high street mortgage lenders.
Buy-to-let remortgage lending increased by 42% in quarter four last year compared to 2012, the Council of Mortgage Lenders lending trends data revealed.
It has been a busy start to the year for the buy-to-let sector and lenders seem keen to kick of 2014 by tinkering with their criteria.
Mortgage Market Review implementation is nearly here and the biggest worry for the industry is that we’ll see a downturn in all but the safest lending over the coming months.
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