Although the wider news on interest rates is hardly cheerful, The Mortgage Works has quietly gone the other way on parts of its buy-to-let range. The Bank of England has been warning about inflation risks linked to higher energy costs from the Iran war, including the possibility that more forceful tightening could be needed if…
Here is one straightforward product that says quite a lot about the market without us needing to disappear into a mortgage seminar. Paragon has launched a limited-edition five-year fixed buy-to-let range at 75% loan-to-value, all with a 5% product fee. For single self-contained properties with an EPC rating of A to C, rates start at…
I’ve just had some exciting news from my mortgage broker about a new buy to let mortgage product. There are two 2 year and two 5 year fixed rate products all available up to 75% loan to value. The rates on the 2 year product start at 4.8% if the property has an EPC between…
Back in the day, new build flats were an extremely popular way for investors to jump into buy to let. But with the crash of 2007/8, many lenders shied away from lending on them, or at least on terms that made any sense to the buyer. Is this still the case? And what do…
One of our specialist lenders has announced the launch of new lifetime Base rate tracker products available to both Ltd Co & individual Landlords up to 75% Loan to value or purchase price. · Lifetime tracker current rate 4.99% (1.99% + Base rate) with no early repayment charges, 3% lender completion fee (can be added)…
The last 12 months have been a roller coaster ride for buy to let mortgages. This time last year, at the time of the Liz Truss budget, there were only about 1000 buy to let products available. But now, today, there’s around 2,500 buy to let mortgage products. The bad news, of course, is that…
A question I am sometimes asked is, “Peter, do I need to own my own home to qualify for a limited company buy to let mortgage?”. And the answer is “no, you don’t need to be a home owner”. After all, there are many people who could afford to buy a cheaper buy to let…
Ahh, this seems to be one of those surprisingly emotive and emotional subjects. I never fail to be surprised at the number of newbie property investors who hope to be able to draw down and borrow large sums of money, without having to make some sort of commitment to the bank to pay it back!…
If you are going to buy investment property using a buy to let mortgage you’ll probably want to know about the Six Month Rule. What’s surprising is that it is more of a guideline than a rule, and not every lender subscribes to it. Even more surprising, perhaps, is that “The Rule” still applies even…