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Mortgage Borrowers Have Mortgage Affordability Concerns


Wednesday, April 1, 2015

Research Reveals Concerns About Mortgage Affordability Checks New research by Equifax has revealed that many people are worried about the length of time it takes mortgage lenders to assess their ability to repay residential and buy to let mortgage loans, with some fearing missing out on property deals because of the length of time they [...]


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Could 2015 Be Another Boom Year For Buy To Let Properties?


Thursday, February 26, 2015

Is 2015 The Year To Get Into Buy To Let Property Ownership? There are a number of encouraging reports circulating in the media at the moment suggesting that 2015 could be another boom year for landlords, letting agents and the buy to let property market in general. The changes announced by the Government to the [...]


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What The Stamp Duty Reform Means For Landlords


Tuesday, December 9, 2014

Stamp Duty Reforms Announced By Chancellor There was some good news for UK private rented sector landlords and prospective property buyers in the Chancellor’s autumn statement made on the 4th December 2014. PRS landlords who want to expand their rental property portfolios using Buy To Let Mortgages can benefit from the autumn statement announcement concerning [...]


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Can Anyone Get Buy To Let Mortgages?


Thursday, September 25, 2014

Buy to Let Mortgages Are Not Difficult To Get The Mortgage Market Review (MMR) has made obtaining residential mortgages more difficult for some borrowers and the financial affordability tests imposed by lenders are also being applied by specialist lenders to buy to let mortgages too, slowing down the purchasing process for many landlords. Many landlords [...]


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Longer PRS Tenancies May Force Landlords Out Of Business


Thursday, September 18, 2014

Labour Proposal For Longer Tenancies May Force Landlords To Sell Up New proposals put forward by the Labour party pushing for longer assured short-hold tenancies in the private rented sector could see PRS landlords selling off rental properties due to increased pressure put on them by their buy to let mortgage providers. Many buy to [...]


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FCA Monitoring Buy To Let Mortgage Applications


Thursday, May 29, 2014

FCA Looking For Fraudulent Buy To Let Mortgage Applications The UK Financial Conduct Authority (FCA) are on the lookout for fraudulent buy to let mortgage applications following the introduction of tighter affordability rules on residential mortgages under the Mortgage Market Review (MMR). Under MMR, all applicants face tougher questions about their lifestyle to ensure they [...]


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Buy To Let Mortgage Loans Up 56% On 2013 Figures


Tuesday, May 20, 2014

CML Data Shows Increase Of Buy To Let Mortgage Loans and First Time Buyer Mortgages Data released last week by the Council of Mortgage Lenders (CML) gross buy to let mortgage loans increased by 10% in March 2014 compared to the previous month and gross figures were also up 56% on March 2013. Results from [...]


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Mortgage Market Review Already Causing Problems


Thursday, May 15, 2014

Mortgage Market Review Slowing Down Mortgage Approvals The introduction by lenders of the Mortgage Market Review is the biggest regulatory restructuring that the UK mortgage market has seen in recent years and is intended to test the continued affordability of borrowers. It’s introduction was intended to protect customers from over stretching their financial commitments in [...]


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UK Mortgage Rates Still Rising


Friday, May 9, 2014

UK Mortgage Rates Rising At Fastest Rate For Two Years UK mortgage rates  in both the private residential and Buy-to-let markets are rising at their fastest pace for over two years as speculation continues to grow over when the Bank of England will increase its base rate. Although very few economists expect the Bank of [...]


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Mortgage Market Review Will Affect Residential and Buy-To-Let Mortgage Applications


Tuesday, April 29, 2014

Mortgage Market Review Hits UK Property Market New rules for mortgage lenders came into effect on the 26th April 2014 requiring all potential borrowers to disclose even more detailed financial information. Even before it was officially launched the MMR scheme was affecting mortgage applications, with loan offers being heavily scrutinised and the process had lenders [...]


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