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  • LendInvest outlines plans to enter buy to let market | Mortgages for Business
    Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight LendInvest outlines plans to enter buy to let market 13 05 15 Written by Steve Olejnik Peer to peer bridging lender LendInvest has unveiled plans to enter the buy to let sector in the next year Founder and partner of LendInvest Christian Faes revealed that the firm is looking to double its 290 million lending book that provides bridging loans by the end of 2015 He said he was aware that the ambition to continually grow the share of the short term markets would eventually cap out and that buy to let could be the most sensible way of continuing growth We want to become a buy to let lender sometime next year he said We want to stick to property lending It s what we know best and there is huge demand for it it s the consistent thread through what we do Faes said that while he is committed to offering bridging loans he suggested there was a limit to the proportion of the short term market that he felt comfortable taking He added that going beyond that limit could compromise the risk profile of deals offered through the LendInvest platform Faes did however say that LendInvest s experience of the bridging market would put them at an advantage when the move into the buy to let market comes to fruition We can translate that process and technology into the buy to let market which will place us well with a competitive edge he explained The founder also revealed that

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/may/lendinvest-outlines-plans-to-enter-buy-to-let-market/ (2016-02-16)
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  • Buy to let landlords are attracted to semi detached homes | Mortgages for Business
    Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Buy to let landlords are attracted to semi detached homes 12 05 15 Written by Jenny Barrett 35 per cent of landlords want semi detached properties to expand their portfolios up from 23 per cent at the end of last year Paragon Mortgages research shows landlords expect steady growth in the sector with 27 per cent positive about the future of their portfolios Almost one fifth 18 per cent plan to buy a new property in coming months up from 15 per cent in Q4 2014 and 35 per cent are attracted to semi detached properties A further 35 per cent of landlords are interested in terraced homes while multi block units and Houses in Multiple Occupation HMOs have also drawn more interest in Q1 2015 More than one fifth 22 per cent of buy to let landlords are interested in these investments while around 30 per cent are considering adding a flat to their portfolio The popularity of semi detached builds represents marked growth from the end of last year while terraced homes have fallen out of favour as Q4 figures show growth in the former from 23 per cent but a reduction from 67 per cent in the latter Experience and confidence Paragon Mortgages Private Rented Sector Trends Survey also shows landlords are more experienced with 92 per cent having been invested in the industry for

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/may/buy-to-let-landlords-are-attracted-to-semi-detached-homes/ (2016-02-16)
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  • Landlords vulnerable to potential buy to let mortgage rate rises | Mortgages for Business
    News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Landlords vulnerable to potential buy to let mortgage rate rises 11 05 15 Written by Jeni Browne Negative cash flow could be experienced by landlords in seven out of 10 UK regions if mortgage rates increased by even modest amounts The Telegraph reports that some more costly areas have seen yields drop to record lows and that landlords could lose out Under some scenarios it is suggested that investors could see monthly mortgage costs rising above the income from rents to result in negative cash flow However many landlords who have already considered the risks are likely to have prepared for a potential rate increase in advance and may not be affected Those that are affected may consider increasing rents or realising their properties capital growth The study uses figures relating to current mortgages which show costs of an interest only mortgage of 75 t of the property value at a rate of 3 This it claims is a competitive starter rate for a typical buy to let loan requiring a 25 deposit while future mortgage figures use the same loan but with a rate of 5 5 However according to the Buy to Let Mortgage Product Index for April 2015 3 may not be realistic and is considerably lower than current average rates on offer Crunching the numbers Importantly the figures used in The Telegraph work on hypothetical scenarios Lenders typically use a rent to interest RTI calculation to ensure that borrowers can still cover their mortgage should rates increase Most lenders currently use an RTI of 125 at 5 although it can be higher

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/may/landlords-vulnerable-to-potential-buy-to-let-mortgage-rate-rises/ (2016-02-16)
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  • Long-term renting could be reality for Brits as home purchases require double the average salary | Mortgages for Business
    mortgage Residential Stamp Duty Calculator Research Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Long term renting could be reality for Brits as home purchases require double the average salary 08 05 15 Written by Steve Olejnik Brits looking to join the property ladder could be in for a long wait as average salaries of 41 000 are needed to buy a home The study from KPMG suggested that affordability is now an issue for aspiring buyers who do not inherit money or have high earnings It refers to the widening gap between house prices and wages with the average salary needed for a purchase thought to be nearly double the UK average wage of 22 000 As a result many people are turning to the rental sector providing a boost in demand for landlords and buy to let investors A question of affordability First time buyers in London were found to need to earn 77 000 in order to purchase a home a considerable amount above the average salary of 28 000 The calculations in the study use a ten per cent deposit while the remaining 90 per cent is borrowed at 4 5 times the annual income Widespread variation was found between the north and south of the

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/may/long-term-renting-could-be-reality-for-brits-as-home-purchases-require-double-the-average-salary/ (2016-02-16)
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  • April sees buy to let mortgage market consolidated | Mortgages for Business
    Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight April sees buy to let mortgage market consolidated 07 05 15 Written by Jeni Browne The number of buy to let mortgage products available in the UK fell by more than a quarter in April the latest Buy to Let Product Index shows Data from Mortgages for Business reveals that an average of 609 buy to let mortgage products were available in April down from a high of 863 in March These were available from 31 different lenders and there are a number of possible reasons why the average product number fell by 254 One is due to the possibility of a time lapse between lenders withdrawing products from the market and introducing new ones The Index also suggests that high levels of pricing competition led to the removal of some products to ensure that workflows could be managed amid high demand Loan to value mortgage options Of all buy to let mortgage products 46 per cent were available to 75 per cent loan to value up from 38 per cent in March and 40 per cent in February While higher loan to value deals were available these had much stricter conditions relating to them and cost more Some nine per cent of products were available to 80 per cent loan to value while one per cent were available to 85 per cent loan to value In terms of pricing both fixed and tracker rates were similar although fixed rate deals were deemed to be more competitively priced Mortgages for Business suggest fixed rate two three or

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/may/april-sees-buy-to-let-mortgage-market-consolidated/ (2016-02-16)
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  • Commuter regions offer strong potential for buy to let
    mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Commuter regions offer strong potential for buy to let 06 05 15 Written by Jeni Browne Proximity to good transport links and amenities continue to push up rental prices in areas outside the capital giving landlords more investment options The most expensive areas to rent in the UK can be found in the commuter belt surrounding London according to new research from Rightmove It provides landlords and buy to let investors with an insight into regions that are proving popular among renters and showcases that strong yields should be possible The Surrey town of Esher 18 miles from London was the most expensive location to rent in outside the capital costing 1 913 per month for a two bedroom property Oxford and Weybridge were the next two most expensive locations with average rents of 1 612 and 1 446 respectively The national average when London is excluded is 677 which means all of these areas are performing at much higher rates and that offers better yields to landlords who rent out properties for profit Home counties and commuter regions present lucrative opportunities Of the top 20 most expensive locations highlighted in the report only Oxford and Cambridge were outside of the Home Counties and both are still within 65 miles or one hour s commute of London Properties with good transport links to London are considered in high demand in England s South East and the higher rents charged in such areas are reflective of this trend Ascot Henley on Thames Windsor Guildford and Epsom which all feature strong road and rail links to the capital also featured in the top

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/may/commuter-regions-offer-strong-potential-for-buy-to-let/ (2016-02-16)
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  • House building pledges in the Conservative Party manifesto | Mortgages for Business
    to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight House building pledges in the Conservative Party manifesto 05 05 15 Written by Steve Olejnik All of the main political parties recognise that Britain is suffering from a severe shortage of housing and most developers are chomping at the bit to get building but will they be supported by whichever political party ies wins the forthcoming General Election Trawling through the manifestos and listening to ongoing rhetoric is an arduous task so in the run up to the General Election we provide a brief outline of the pledges on housebuilding from each of the main political parties Starting with the party currently holding the balance of power over the next five years the Conservatives propose to Extend the Right to Buy scheme to Housing Association tenants the scheme is currently only available to tenants in local authority homes Sold properties would be replaced by requiring local authorities to manage their housing assets more efficiently with the most expensive properties sold off and replaced as they fall vacant If anyone can interpret exactly how the properties would be replaced in this sentence please let me know Create a Brownfield Fund which will unlock homes on brownfield land for additional housing I m not sure what this means either However looking outside the manifesto for an explanation it seems that the Tories are proposing to put the proceeds of the extended Right to Buy scheme into the fund to enable councils to regenerate previously developed land support infrastructure improvements and build cheaper homes on a one to one basis Build 200 000 starter homes for first time buyers aged under 40 at 20 discount Build 275 000 additional affordable homes Build 10 000 new homes to rent at below market rates in order to help people save up for a deposit to buy their own home Double the number of custom built and self built homes Unfortunately the manifesto does not provide any numbers for this pledge so we don t know what doubling means but in this regard its new Right to Build scheme will require councils to allocate land to local people to build or commission their own home Safeguard the Green Belt and important green spaces by allowing councils and neighbourhood plans to give added protection to valuable local green spaces Support locally led Garden Cities ensuring that any new homes are supported by adequate improvements in infrastructure Within this pledge the manifesto says that brownfield land will be used as much as possible and that local authorities will have to have a register of sites available In addition 90 of suitable brownfield sites must have planning permission for housing by 2020 Of course suitable can mean anything Introduce a new Help to Buy ISA this coming autumn

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/april/house-building-pledges-in-the-conservative-party-manifesto/ (2016-02-16)
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  • House building pledges in the UKIP Party manifesto | Mortgages for Business
    mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight House building pledges in the UKIP Party manifesto 05 05 15 Written by Steve Olejnik A common thread among all the main political parties is that housing is in short supply and not enough of it is affordable Like the other parties UKIP pledges to redress the shortage Within the UKIP manifesto there is no mention of the actual number of homes that would be built or by when The closest reference is a statement that says up to 2 5 million homes could be built on brownfield sites Here s what UKIP plans to do if they win the general election Place a statutory duty on local authorities to bring empty homes back into use In addition if a home is empty for more than two years the own will be charged 50 more than the applicable rate of council tax except owners in HM Armed Forces Require the Environment Agency to keep a national register of brownfield sites Encourage developers to build on brownfield sites by offering grants of up to 10 000 per unit to carry out remediation work Give grants to developers who build on decontaminated land to cover the cost of indemnity insurance There are no details of how much this might cost Exempt properties built on brownfield sites from stamp duty on the first sale up to 250 000 Allow local authorities to keep the New Homes Bonus beyond six years on brownfield sites The New Homes Bonus

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/may/house-building-pledges-in-the-ukip-party-manifesto/ (2016-02-16)
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