Having established itself in the specialist residential market, The Mortgage Lender has now launched a range of buy-to-let products aimed at a comprehensive mix of borrowers.
Buy to let
Following the cuts to tax relief for buy-to-let (BTL) landlords last year, there has been a big increase in demand for limited company mortgages.
A new report from Aldermore reveals that private landlords are feeling positive about the future of the market and the opportunity it presents.
UK Finance figures show that buy-to-let lending for home purchases fell by 8.8% year-on-year in February to 5,200 but buy-to-let remortgage completions were up by 20.5% to 14,100.
Foundation Home Loans has made changes to its buy-to-let criteria for landlords expanding or refinancing their portfolios to reflect new rules concerning energy performance certificates (EPCs). Landlords with privately rented property must now ensure their properties have an EPC rating of E or higher before granting a new tenancy to new or existing tenants. Properties registered with Foundation Home Loans ...
The Prudential Regulations Authority’s (PRA) new guidelines for portfolio landlords have resulted in more mortgage brokers using specialist lenders for the first time. According to data from specialist lender Kent Reliance, part of OneSavings Bank, more than half of brokers (52%) surveyed said they have used specialist lenders more frequently since the PRA changes came into force in October 2017. About a ...
Newcastle Intermediaries has extended its self-employed product range to include Help to Buy and buy-to-let.
Many landlords and tenants are not aware of the EPC rating on their homes and with new legislation starting in April, this could result in a large number of fines being handed out to landlords.
Specialist bank and buy-to-let mortgage lender, Paragon, is introducing a procuration fee for intermediaries who submit further advance business for buy-to-let customers that subsequently complete.
OneSavings Bank, through its Kent Reliance and InterBay commercial brands, is making changes to lending conditions for residential buy-to-let and commercial mortgages.