Recent changes to Buy to Let mortgage affordability criteria are having a big impact on landlords. However, there are still some great opportunities, and more options to securing the lending required than investors may be aware of.
What does the PRA proposal from the BoE mean for buy-to-let lending?
The Bank of England’s Prudential Regulation Authority has released a proposal looking at buy-to-let lending, but what does it mean for the market?
We are proud to announce that CEO Paul Welch was featured in the annual Spear’s Property Index.
The magazine interviewed Paul for being shortlisted as one of the UK’s Top Recommended Property Financing firms in the Property Special Issue.
In the piece, Paul talks alongside other figures within the alternative lending community about the challenges faced by operators within the industry, and touches upon how the company has expanded in order to facilitate clients’ unique demands, both at home and abroad.
Private renters outnumber homeowners for the first time in a decade
Data gathered from the Government’s English Housing Survey shows that private renters are now outnumbering homeowners for the first time in over a decade. In 2003/04 there were 1 million people living in mortgaged homes in the capital. This has dropped 17% down to 883,000, according to the data which was collected in 2014/15. In terms of renting, a decade ago there were 405,000 households in private rented accommodation, whereas this figure has now more than doubled and stands at 898,000.
With Internet sales reaching record levels across Europe, retailers are having to rejig their logistical strategies to accommodate growth.
Have you over-valued your home? Myths that cause homeowners to miscalculate their worth
Are estate agents still necessary?
Estate agents have been a part of the UK property market for as long as any of us can remember. Property has been changing hands for centuries, and for much of that time there has always been a broker there helping to bring both buyer and seller together. However, with the rapid rise of the Internet, there are now other ways round the problem of joining these two parties up. But does this necessarily mean that the end is nigh for estate agents up and down the country?
Over a million new tenants to hit the market within 5 years
Government schemes and pledges for new affordable housing look set to fall short of meeting the ever increasing demand for housing in the UK.
Demand for rented accommodation has never been higher, but the current levels are nothing to what is being predicted for the next five years. Experts say that at least another million prospective renters will hit the market, pushing an already undersupplied housing sector to the limit.
Buy your own castle and pull up the drawbridge in 2016
If you want to be the opposite of a dirty rascal, our article on the best castles for sale in 2016 is just for you.
The average London home skyrockets to half a million
Homes in the capital have reached a milestone that few could have predicted just a short while ago. The average property price in London now stands at a remarkable £500,000, and the forecast shows that further growth is on the way, albeit at a slower pace.
Some of this month's top interest rates are listed above; the actual rate will depend on your circumstances. Please note that this information does not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration on 020 7519 4900. The rate displayed may become out of date at short notice.
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A typical fee of 1.17% of the mortgage amount is payable. Of this, 20% is payable on application and the balance of 80% on completion. For example on a mortgage application of £300,000 the fee would be £3,510 in total. Of this, £702 (20%) would be payable on application and the balance of £2,808 (80%) on completion. The total fee is non refundable. We may also be paid commission from the lender. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Calls may be recorded for training and monitoring.
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