Virgin Money has made several changes to its buy-to-let criteria restricting the number of properties allowed and the maximum value of mortgages landlords can hold with the lender.
Skipton Building Society's offshore bank has widened its buy-to-let criteria for expats to allowed retired Brits abroad to take out a mortgage.
House purchase lending suffered a 10% year-on-year drop in the number of loans advanced in April falling from 53,700 to 48,200 transactions.
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Hinckley & Rugby Building Society has launched a 75% loan-to-value buy-to-let offset mortgage with an initial discounted rate of 2.99%.
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.
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.
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