web-archive-uk.com


Web directory, archive
Search web-archive-uk.com:


Find domain in archive system:
web-archive-uk.com » UK » M » MORTGAGESFORBUSINESS.CO.UK

Total: 798

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Buy to let lending increases 18 per cent in one year | Mortgages for Business
    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 lending increases 18 per cent in one year 18 02 15 Written by Steve Olejnik More than 17 000 loans were issued to buy to let investors in December 2014 up 18 per cent on the same month in 2013 Lending within the buy to let sector experienced a considerable increase from December 2013 to December 2014 according to new data released by the Council of Mortgage Lenders CML A total of 17 300 buy to let loans were secured during December of last year and although this figure is unchanged from November 2014 it represents an 18 per cent increase from a year previously This news follows previous research from the CML which confirmed an overall slowing of activity within the housing market but a year on year rise of nine per cent for November Last year s growth continues Looking at last year in its entirety gross buy to let lending accumulated a value of 27 4 billion 32 per cent more than 2013 December s loans were worth 2 5 billion 32 per cent higher than the same time last year As many as 197 700 loans were issued throughout 2014 up 23 per cent on the year before while figures from lettings agent Ludlow Thompson showed the total number of buy to let landlords hit 1 63 million at the end of 2014 following an eight per cent increase over the year Director General of the CML Paul Smee noted that the mortgage market witnessed unprecedented changes last

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/buy-to-let-lending-increases-18-per-cent-in-one-year/ (2016-02-16)
    Open archived version from archive


  • Whither interest rates? | Mortgages for Business
    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 Whither interest rates 17 02 15 Written by Simon Whittaker Simon Whittaker Finance Director offers his prediction on the future of interest rates in the UK Today s announcement that CPI inflation is now down to 0 3 p a with forecasts that this could turn negative in the spring will doubtless cause some commentators to predict that Bank Rate will need to be cut further or even taken negative as has happened most recently in Denmark and Switzerland to prevent DEFLATION It s funny how just 18 months ago with unemployment falling below 7 it is now 5 8 and still falling these same commentators were predicting an early increase in rates Now with inflation dropping an irrational phobia is creating paroxysms of panic that everything needs to be done to avoid DEFLATION and so we need further interest rate cuts and or more QE to prevent this But I believe the logic is fatally flawed Let me explain by way of example I have just bought some new tyres for my car I bought them because the old tyres needed replacing and I did not delay buying them just because I hoped they might be cheaper next week But the simple fact is that identical tyres from the same supplier cost me 150 each whereas in January 2014 they cost 180 Nobody in this country is worse off other than the Chancellor of the Exchequer as a result of this price drop it has occurred due to reduced cost of raw materials that were bought overseas And I am left with cash to spend on going out to a restaurant thereby stimulating the economy creating more jobs and potentially creating conditions where an increase in interest rates is required So there are many commodities for which buying habits are not determined by anticipation of future price changes This should be obvious otherwise the electronics industry would never sell anything but there is an almost irrational fear of DEFLATION which drives the pronouncements of most public commentators many of whom are predicting that any rise in Bank Rate is at least 18 months away I fear that such a delay would most likely lead the economy to overheat drastically and that the need to control this could lead to a much sharper increase in interest rates than is currently foreseen Some may remember that I predicted an increase in rates in the run up to the Election clearly this won t happen now even if the economic fundamentals indicate that such a rise might be the right thing to do in the long term interest of the economy But I continue to have great faith in the current Governor of the Bank of England and believe that he will act far

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/whither-interest-rates/ (2016-02-16)
    Open archived version from archive

  • Keystone Buy to Let Mortgages reduces 5yr rates | Mortgages for Business
    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 Keystone Buy to Let Mortgages reduces 5yr rates 17 02 15 Written by Steve Olejnik Keystone Buy to Let Mortgages has reduced its five year fixed rates by 0 20 in both its Classic and Premier Ranges 5 year fixed rates reduced by 0 20 Premier Range 5 year fixed rates now start at 5 29 Classic Range 5 year fixed rates now start at 5 49 The reductions in the Premier Range will be particularly welcomed by landlords looking for larger loans The Premier Range offers mortgages of 600k 1m to 70 loan to value and rates now start from 5 29 for standard properties including new build flats and houses which can be difficult to place Options for multi unit properties are also available In the Classic Range five year fixed rates now start at 5 49 at 75 LTV for standard property Other options are also available for HMOs and multi units and for loans up to 80 LTV Commenting on the reductions David Whittaker managing director of Keystone Buy to Let Mortgages said Our products are criteria rather than price led but being able to reduce the five year fixed rates demonstrates our all round commitment to support landlords in a

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/keystone-buy-to-let-mortgages-reduces-5yr-rates/ (2016-02-16)
    Open archived version from archive


  • Buy to let market anticipates boom in April | Mortgages for Business
    team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Buy to let market anticipates boom in April 17 02 15 Written by Jenny Barrett New pensions rulings which will be introduced this April are expected to cause a buy to let rush experts claim Property market advisors and estate agents expect significant growth within the buy to let sector as a result of new pension regulations According to data collected on behalf of Direct Line for Business back in December 2014 32 per cent of retirement savers are considering using all or part of their pension to purchase property with the intention of renting it out Security was the main incentive behind the predicted rise in silver landlords but experts have explained that plenty of other factors are at work Attractive conditions As well as new pension freedoms commercial buy to let investments are also exempt from affordability criteria which prevents residential borrowers from extending their mortgages into their retirement years according to experts Buy to let rates are also at one of their lowest levels and this provides an attractive market for prospective investors especially those seeking to capitalise on their retirement Although the Council of Mortgage Lenders CML has suggested that the rush into the buy to let market may be more subdued than some have implied there are plenty who disagree Managing Director of estate agents Marsh and Parsons Peter Rollings said that at least an initial boom can be predicted as people will want to pull money out of their pensions and put it somewhere with a three four five per cent return Although investors will need to consider the logistics of becoming a landlord very carefully it is still likely to be an attractive proposition as strong tenant demand means

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/buy-to-let-market-anticipates-boom-in-april/ (2016-02-16)
    Open archived version from archive

  • Landlords benefit from rising property prices | Mortgages for Business
    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 benefit from rising property prices 16 02 15 Written by Jeni Browne Buy to let landlords enjoy stronger property investments as UK house prices are up for the beginning of the year according to Home co uk and Rightmove Landlords are dominating the UK property market and enjoying a 5 000 monthly jump in property prices according to data reported this February Rightmove found house prices across the UK grew by 2 1 per cent between January and February this year accounting to an increase of 5 729 while Home co uk reported particularly rapid growth in London and the South East Their asking price index for February 2015 also showed higher house prices in East Anglia and the West Midlands while Scottish prices climbed 1 9 per cent in just one month as a result of a buoyant market following the referendum on independence Positive news for landlords These figures provide positive news for landlords by strengthening the long term investment value of any properties on their portfolio and also opening the doors for further lucrative investments Activity has generally increased or remained steady throughout the UK with areas including the East Midlands and the North West seeing little change Increased demand can be observed using the average length of time properties spend on the market In England and Wales this stands at 125 days 18 days less than the same period last year There was also a 19 per cent growth in the number of properties placed on the market this January when compared to last January New investment opportunities Increase in housing supply has been most

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/landlords-benefit-from-rising-property-prices/ (2016-02-16)
    Open archived version from archive

  • UK rents up two per cent as tenant demand continues to outstrip supply | Mortgages for Business
    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 UK rents up two per cent as tenant demand continues to outstrip supply 13 02 15 Written by Jenny Barrett British landlords take home an average 836 in rent per calendar month as housing supply fails to meet tenant demand The figures come from a new report released by lettings agency Countrywide and show a year on year rental increase of two per cent with particularly high demand for quality homes among the rental market Average rental rates have grown throughout all property sizes with one and two bedroom properties experiencing the biggest rise in rental rates up 8 5 per cent and 3 6 per cent respectively The average price for a one bedroom home now stands at 751 per month with two bedroom lettings setting tenants back 810 Three bedroom homes also saw some growth now averaging 930 a month which is 1 6 per cent higher than last year but four bedroom properties saw a slight dip charging three per cent less at 1 345 In terms of regions the area with the most significant increase on an annual basis was Greater London which saw a rise of 10 6 per cent This is followed by Wales with increases of 6 1 per cent and the South West where rents were up by 4 1 per cent Average rents for newly let properties was up by 2 8 per cent to 883 and within this category it was one and two bedroom homes that had the biggest growth within the twelve month period Elsewhere renewed tenancies are now at an average of 835 a month with this type of letting seeing an

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/uk-rents-up-two-per-cent-as-tenant-demand-continues-to-outstrip-supply/ (2016-02-16)
    Open archived version from archive

  • Buy to let sector outstrips rest of property market in the UK | 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 Buy to let sector outstrips rest of property market in the UK 12 02 15 Written by Steve Olejnik Starting 2015 with a bang buy to let was the strongest performing sector of the housing market in January recording 37 per cent growth in activity According to new research from Connells Survey Valuation buy to let surged ahead whilst other areas of the housing market experienced a quieter start to this year Between December 2014 and January 2015 there was a 37 per cent growth in buy to let valuation activity although this represents a small drop of four per cent on the same period the previous year Recording underwhelming performance in December when it suffered one of the most dramatic monthly declines the sector has managed to pick itself up with renewed vigour Beneficial market conditions John Bagshaw Corporate Services Director at Connells Survey Valuation noted that a record high in numbers of mortgage products has left landlords spoilt for choice and investing more As the trend for low mortgage rates continues the market is offering ever more attractive deals to potential landlords or those wanting to expand their existing portfolios The only other sector to see a monthly increase over this period was the first time buyer sector where there was an increase in valuations Between December and January valuations activity rose by three per cent although it also saw one the biggest annual dips falling 28 per cent since January 2013 By contrast movement amongst those already with a foot on the property ladder

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/buy-to-let-sector-outstrips-rest-of-property-market-in-the-uk/ (2016-02-16)
    Open archived version from archive

  • Better competition for landlords as buy to let rates are at their lowest ever | Mortgages for Business
    Share News Insight Better competition for landlords as buy to let rates are at their lowest ever 11 02 15 Written by Jeni Browne More deals and lower rates in the thriving buy to let market have reintroduced competition to benefit landlords Following in the footsteps of homeowner mortgages buy to let rates have dropped to the lowest levels ever recorded according to figures from Moneyfacts Average buy to let borrowing currently stands at only 3 82 per cent across all terms while the amount of deals secured within the sector rose to 811 from 757 in just one month In February 2012 the average buy to let rate was 5 03 per cent but by February the following year this had reduced to 4 68 per cent Another year later in February 2014 the figure had reduced even further to 4 22 per cent Yearly reductions in the buy to let variable rate have also been recorded over the same period Today it stands at just 3 63 per cent compared to 4 17 per cent this time last year 4 43 per cent in February 2013 and 4 46 per cent in February 2012 Loosening up Comparison site Moneyfacts believe the plummeting rates are a result of a thriving buy to let market in which lenders are beginning to re introduce competition across mortgage deals It claims that during the same period last year 2 662 deals were secured by borrowers seeking loan to values ranging from 100 to 75 per cent This number has now risen to 2 943 The organisation also explained that lenders are starting to loosen up after a few years of risk aversion as they no longer feel the need to restrict borrowing to those with high deposits or equity This means restrictive

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/better-competition-for-landlords-as-buy-to-let-rates-are-at-their-lowest-ever/ (2016-02-16)
    Open archived version from archive



  •  


web-archive-uk.com, 2017-12-13