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Landbay cuts rates and launches new 55% LTV range for BTL landlords

Specialist buy to let lender Landbay has announced a 0.10% reduction across its standard five-year fixed rate products, as well as the launch of a new 55% loan-to-value (LTV) range.
The lender said the rate cuts and the new range were designed to suppo…

Buy to let profitability rises despite higher costs and inflation

The profitability of buy to let properties in the UK has increased over the last year, according to new research.
Letting and estate agents Benham and Reeves has analysed the gross and net rental yields of the average BTL property across the country

TMW cuts rates on Buy to Let Switcher range

Landlords who want to switch their buy to let mortgages can benefit from lower rates offered by The Mortgage Works (TMW), starting today (Friday 13 October 2023).
TMW, a specialist lender for property investors, has announced rate reductions of up to 0…

Fleet Mortgages cut rates on all BTL five-year fixes

Fleet Mortgages has announced a significant reduction in rates for all five-year fixed-rate products across its three core ranges: standard, limited company, and HMO/multi-unit block.
The buy to let specialist lender says the move is expected to benef…

How rising interest rates could hit BTL landlords

Since most buy-to-let landlords are heavily reliant on mortgages, there is a potential regional impact should interest rates rise again, research reveals.
Property lending experts Octane Capital says that 78% of the average BTL portfolio has been finan…

Precise Mortgages boosts its buy to let affordability options

Precise Mortgages has announced changes to its buy to let affordability criteria that could benefit personal ownership and limited company clients.
The lender, which is part of OSB Group, says it has simplified the minimum interest cover ratio (ICR) fo…

Where to invest in buy to let properties for the highest rental yields

With landlords facing lower profits than ever before, according to the National Residential Landlords Association, one lender has worked out where the best areas for buy to let yields are.
Digital mortgage firm Molo has used its internal data and found…

Call for government action as landlords choose to sell up

The UK’s rental market is facing a crisis as many landlords are choosing to sell their properties due to new legislation, economic uncertainty and tax changes, a legal expert warns.
Gina Peters, the head of landlord and tenant at law firm Dutton …

Despite rising costs, landlords see portfolio income rise by 8.7% – in London it’s a whopping 32.9%

Landlords in England and Wales have earned more from their rental properties in the past year, a study reveals.
According to letting agents Benham and Reeves, landlords have seen their portfolio rental income increase by 8.7% in the past year.

Paragon Bank cuts buy to let mortgage rates for landlords

Paragon Bank has unveiled a major product refresh that has seen rates reduced across 22 buy to let mortgage products, with fixed deals now starting at 4.59%.
The rate cuts apply to a range of loan-to-value (LTV) bands for both portfolio –

Soaring mortgage rates see cash buyers gain an advantage

Cash buyers are taking advantage of their stronger negotiating position over their mortgage-reliant investors because they can secure prices lower than those financed through mortgages, research reveals.
Octane Capital sees the trend is now becoming ap…

Yield Vs bank savings rate for BTL property?

Hi fellow landlords, we have one BTL and I wonder if it’s getting to the point where it’s better sold and money placed in a 5% savings account, especially when you consider the yield at the moment.
Here are some more details below: Purchase…

Number of BTL landlord repossessions jumps

Growing numbers of landlords are struggling to pay their mortgages and are having their rental homes repossessed, official figures reveal.
According to UK Finance, there were 440 buy to let landlords who had properties repossessed in the second quarter…

Borrowing for UK Buy to Let as an expat?

Hi all, I am in the process of moving abroad. My income from overseas would be considerably larger and I was planning to invest it into Buy to Let in the UK.
The broker I usually speak to practically said it would not be possible as an expat with incom…

BTL repossessions rocket by 28% in the first quarter

There’s grim news for BTL landlords and homeowners alike as the cost-of-living crisis tightens its grip to push up mortgage repossessions, UK Finance reveals.
The trade body says that in the first quarter of the year, there were 410 buy-to-let pr…

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