In it’s most basic form this mistake manifests as not shopping around for the best LTV (loan to value ratio) or the best interest rate (½% over 20 years makes a lot of difference) or finding the loan with the least penalties if you want to swop or pay it off early. A more sophisticated…
One of the UK’s largest buy-to-let lenders, Paragon Mortgages, has updated its product range of loans for large-scale and professional landlords. A new range of fixed rate products include a new two year fix at 4.45% with a 2% product fee and is available for HMOs, multi-unit blocks and single, self-contained . There are also…
A recent survey of buy to let landlords by specialist buy to let mortgage lender Paragon Mortgages shows that landlords are more optimistic now than at any time over the last 3 years. Strong tenant demand means that the average void period is down to 2.8 weeks, and more landlords consider buy to let mortgages…
I’ve noticed that a large number of lenders have cut their mortgage rates since the start of the year, possibly as a consequence of Funding for Lending. Within the last couple of weeks a number of lenders have cut rates on their buy to let products. BM Solutions, owned by Lloyds banking group, cut rates…
