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Surge in buy-to-let landlords plunging into mortgage arrears

The number of buy-to-let landlords falling into arrears has surged, according to new figures.
According to UK Finance, more than 40,000 BTL landlords (41,090) fell into arrears on their mortgage payments in 2023, an average of 10,273 per quarter.

Removal of FHL – One man’s poison is another man’s meat. How will it affect you?

The changes in Serviced Accommodation will impact different people in different ways. To some, it will provide advantage, for others it will be time for change.
The changes are threefold:
1) Removal of FHL means the income for those who own in personal…

Buy to Let by Foundation launches new HMO products for first-time landlords

Buy to Let by Foundation, the BTL brand of Foundation Home Loans, has unveiled two innovative HMO products tailored specifically for first-time landlords.
The criteria for first-time landlords, as defined by the lender, include individuals who have not…

Buy to let lenders announce new products and lower rates

Several buy to let lenders have updated their products and rates to attract more landlords and investors.
The Mortgage Works (TMW), a specialist BTL arm of Nationwide, has cut its Interest Cover Ratios (ICR) for both higher and lower rate taxpayers

Could American “mega-landlords” buying portfolios be the lifeline British landlords need to get out?

As the UK government struggles to help landlords facing tough financial situations, landlords have rallied together to help themselves.
This year is the year of the sale: with landlords rushing to sell up their property portfolios to either get out

Foundation Home Loans launches new HMO products

Foundation Home Loans, the specialist lender for intermediaries, has unveiled two new products for HMO landlords with fee assistance.
The products are part of its buy to let brand, Buy to Let by Foundation.
They have a 1.25% fee

Foundation Home Loans launches new HMO products

Foundation Home Loans, the specialist lender for intermediaries, has unveiled two new products for HMO landlords with fee assistance.
The products are part of its buy to let brand, Buy to Let by Foundation.
They have a 1.25% fee

Bristol tops the list of best cities for buy to let investors

Bristol has emerged as the most desirable city for landlords to invest in for 2024, according to Aldermore’s Buy to Let City Tracker.
The tracker ranks 50 UK cities based on five key factors that affect the attractiveness of buy to let properties.

Buy to let fixed rates lowest since September 2022

Landlords can benefit from the lowest buy to let fixed rates in 18 months, according to the latest research by Moneyfactscompare.co.uk.
The online comparison site found that the average two- and five-year fixed rates for BTL mortgages have dropped mont…

Molo launches expat BTL mortgages for Brits abroad

Molo Finance has announced the launch of new expat buy to let mortgages for British nationals living overseas.
The new products are designed to provide financing for those who live and work in Hong Kong, Singapore, UAE, the European Union and a wide ra…

Drop in buy to let mortgages as older landlords sell up

The number of landlords taking out new buy to let mortgages has plummeted, according to new figures.
According to UK Finance, buy-to-let loans amongst over-55s fell from 16,930 in the final quarter of 2022 to 7,980 in Q4 2023.

Landbay launches fee-free five-year fixed-rate BTL mortgages

Landbay has announced the launch of two new fee-free five-year fixed-rate mortgages for landlords, with competitive rates and flexible terms.
The first product is a standard five-year fixed-rate mortgage at 5.69%, which can be borrowed up to 75% of the…

Paragon launches new BTL mortgages for portfolio landlords

Portfolio landlords can benefit from six new buy to let mortgage products launched by Paragon Bank which are part of a limited-edition range.
The products offer five-year fixed rates at up to 65% loan-to-value (LTV).
They have been designed for landlor…

LendInvest unveils enhanced BTL mortgage portal

A mortgage lender has launched a brand new mortgage portal now including buy to let mortgages.
LendInvest’s new one-stop shop for all mortgage products provides brokers with a chance to easily access a comprehensive range of products.
Following the la…

Fleet Mortgages unveils new look and website

Buy to let lender Fleet Mortgages has unveiled a new look and website for its 10th year in business.
The rebrand aims to show a modern image and reflect its increased size and scale, especially its recent expansion and its partnership with its owners

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