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Finance expert highlights the best BTL mortgage choices this week

Several buy to let lenders have announced rate cuts for their mortgage products as the trend for lower rates continues.
So far this week, landlords have seen Paragon, Landbay and Accord, along with West One, CHL and Coventry for Intermediaries lower th…

Renters face higher rents and fewer choices in 2024, Rightmove warns

Tenants face the prospect of rents rising even higher this year and the number of homes to rent will continue shrinking, Rightmove says.
The UK’s largest property website is predicting that rents will increase by 5% outside London and 3% in the c…

UK mortgage approvals look set to slump by 24% in 2023

UK mortgage approvals are expected to decline by 24% in 2023 compared to the previous year, research reveals.
According to a study by GetAgent.co.uk, the research analysed monthly mortgage approvals over the past five years and found that between Janua…

Landlords increase rent to cope with higher mortgage costs

The majority of buy to let landlords in the UK have increased rent in the past year, mainly to cover higher mortgage costs, a new survey reveals.
The findings from Landbay, which polled 1,000 landlords, revealed that 76% of them have raised rent over t…

BTL mortgage arrears double in a year as landlords face higher costs

Landlords are feeling the squeeze from rising mortgage rates and energy bills, as new research shows that buy to let arrears cases have doubled in a year.
According to Octane Capital, a specialist property lending firm, there were 11,540 BTL mortgages …

House prices in England and Wales plummet by 4.1% in October

The housing market in England and Wales suffered a blow in October as the average house price fell by 4.1%, or £15,700 to £362,777, according to the latest data from e.surv Acadata house price index.
This is the biggest monthly decline since August 20…

UK house prices rise in October – but see an annual fall

UK house prices rose by 0.9% in October – but the annual rate of house price growth remained negative at -3.3%, the latest figures from Nationwide reveal.
The average UK house price is still lower than it was a year ago and now stands at £259,423.

Tenants finding rent payments harder to afford – ONS

More people are struggling to pay their rent or mortgage in the UK, as housing costs have risen sharply in the past year, the Office for National Statistics (ONS) reveals.
According to the latest ‘Public opinions and social trends’ bulletin

Rising mortgage rates hit landlords hard and could trigger a sell-off

Landlords are now paying £15bn in mortgage interest every year as their cheap buy to let mortgage deals end – and the rate rises could see BTL investors sell up, research reveals.
According to Hamptons, that mortgage interest amount is 40% higher…

Many landlords are not passing higher mortgage costs on to tenants

UK landlords are facing mortgage costs rising quicker than rent increases in the past year – but they aren’t passing all the rise on to tenants, a new study reveals.
Octane Capital has compared how rents have increased over the past year ve…

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…

Is the landlord exodus as bad as everyone thinks?

We all hear about the landlord exodus but just how bad is it?
New figures from the Office for National Statistics (ONS) and estate agents Hamptons reveal that the trend of landlords selling up hasn’t been as big as many people believe.

Struggling homeowners in London should be able to ‘change tenure’

The Mayor of London, Sadiq Khan, has come up with a bonkers idea to deal with hundreds of thousands of London homeowners who are at risk of a mortgage ‘bomb’ next year.
He says that the cost-of-living crisis is putting more pressure on hous…

Struggling homeowners in London should be able to ‘change tenure’

The Mayor of London, Sadiq Khan, has come up with a bonkers idea to deal with hundreds of thousands of London homeowners who are at risk of a mortgage ‘bomb’ next year.
He says that the cost-of-living crisis is putting more pressure on hous…

Stop, read, contact – if you don’t there is a cost of delay!

Unless you’ve been travelling around on Jeff or Elon’s space rockets recently, you would not have missed the chaos and turmoil in the mortgage market. In just the last week or so, major lenders pulled all of their products from the market and did not r…

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