Virgin Money has ramped up its bid to become a competitive player in the buy-to-let market by cutting rates across its fixed rate and tracker mortgages up to 0.80%.
NatWest is set to lower the interest rate on its Help to Buy mortgage guarantee scheme from 5.69% to 5.45% fixed for two years, from tomorrow.
First-time buyer loans in June rose by 19% year-on-year to 28,600 transactions, data on lending trends from the Council of Mortgage Lenders has shown.
Other Buy-to-let articles
Precise Mortgages has launched two prime buy-to-let products at 80% loan-to-value (LTV) while Coventry has focused on landlords with larger deposits releasing products up to 65% LTV.
Shawbrook Bank has split its underwriting team into specialist hubs to improve the efficiency of its service ahead of a fixed rate product launch expected to drive up business.
The vast majority of mortgage lenders are expecting a rate rise in 2015 or beyond, research from the Intermediary Mortgage Lenders Association (IMLA) has shown.
With government giving landlords greater responsibility for checking tenants Simon Kenny, senior solicitor at Moore Blatch, looks at the impact this could have for advisers.
The Mansfield Building Society has reduced its rental income calculation so rent must now cover a standard interest rate of 5% by 130%.
Activity in the remortgage market has continued to slump with a 4% drop in the number of cases processed in the last three months.
Buy-to-let landlords are failing to realise the maximum return from their property investments by not seeking advice or carrying out research ahead of their purchases.
Each Friday, Mortgage Solutions rounds up the most popular articles on the website over the past week.
Virgin Money is the latest lender to join the July price war by cutting rates across its mortgage range by up to 0.40%.
Bob Young, managing director of Capital Home Loans (CHL), has announced his resignation from the firm along with four other members of the management team.
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