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…
DetailsIn 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…
DetailsThere were two major changes on the “road” to buy-to-let: A change to the landlord and tenant law A desire by ARLA to promote its member’s business The first step towards buy-to-let as we now know it was that the law on landlord and tenant was changed to make letting easier and more financially attractive…
DetailsHowever you decide to source your properties you will need to find the buy-to-let lending product that best suits your needs. As a first step I’d recommend that you download the Free Special Report which you’ll find on the Home Page of this web site – it’s a transcript and an MP3 audio file of…
DetailsIf you are thinking of getting into buy to let, or are thinking of adding to your existing buy to let portfolio, you might be interested in the latest report from LSL Property Services, which might influence where and when you buy. LSL produce a monthly property index which is, in effect, a composite of…
DetailsBuy-to-let must surely be one of the financial success stories of our times. Just think about this. Prior to 1996 there were no buy-to-let mortgages. According to the Halifax, the number of buy-to-let mortgages jumped from 275,000 at the end of 2002 to 408,300 by the end of 2003. By the end of 2005 there…
DetailsBefore the buy-to-let scheme started in 1996 it was extremely difficult for private investors to raise finance on residential investment property, unless they were already high net-worth individuals, or were high-income earners, or both. At that time any residential property loan, other than a standard mortgage loan to an owner-occupier, would be treated by the…
DetailsWhether it will be worth while for you will depend upon what you want to achieve. Most investors buy property for: Income; or Capital appreciation; or A combination of the two. What you want (or need) will determine the type of property you buy and where you buy it. As a general rule, you will…
DetailsIn a sense buy-to-let has demystified property investing and has made it a realistic possibility for many ordinary people. However, even a “cheap” buy-to-let property is a major investment and care needs to be taken in finding the right properties. Because of a booming property market, many people have done well through buy-to-let, even if…
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