Buy-to-let landlords remortgaging are currently doing so with a view to adding to their buy-to-let portfolios, according to Mortgage for Business. The buy-to-let broker says 30% of property investors are now taking out a BTL [...]
Mortgage approvals plummeted to an all-time low in May, leaving many would-be buyers with no alternative but to rent for longer. The latest Bank of England data shows that the number of mortgage approvals in [...]
There has been a significant increase in demand for buy-to-let properties in recent weeks, according to Landbay. It would appear, based on recent mortgage lending data, that many buy-to-let landlords have acknowledged the fact that [...]
New rules and how the Electrical Inspection Condition Reports (EICRs) requirements for rented homes in England are changing have sparked debate and confusion in the PRS. Many landlords and letting agents were led to believe, [...]
Swansea Building Society has cut rates across its buy-to-let and holiday let mortgage ranges. Products now start from 4.25% to 3.55% variable up to 60% loan-to-value (LTV) and from 4.75% to 3.95% variable up to [...]
The average tenant in the UK is spending almost half of their monthly net income to cover the average cost of rent, new research shows. The latest figures on the cost of renting from the [...]
Buy-to-let landlords suffering hardship as a result of the coronavirus pandemic can defer their July tax payment on account, but taxpayers who have the money are being urged to pay now in order to avoid [...]
The buy-to-let market has been impacted by tax rule changes in recent years, and as a result landlords have been unable to deduct their mortgage expenses from taxable rental income from April 2020, receiving a [...]
Family Building Society has introduced rate cuts across its buy-to-let mortgage range, as well as its owner occupier products. Rates have been reduced across its fixed and discounted range, while the BTL loan-to-value has been [...]
Rent arrears have increased to more than £3m, with almost 2,500 eviction cases waiting to go through the courts, according to The Lettings Industry Council. The coronavirus pandemic has contributed significantly to the surge in [...]