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  • Profits for buy to let landlords totals £177 billion | Mortgages for Business
    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 Profits for buy to let landlords totals 177 billion 12 01 15 Written by Jeni Browne Buy to let landlords have been one of the biggest beneficiaries of the property market in recent years making 177 billion in capital gains alone According to recent statistics published on The Financial Times improved property prices and increased tenant demand have allowed landlords to make 177 billion in capital gains in the past five years This figure excludes any additional profits or income they have made from rent paid by their tenants Private rented housing dominates market Buy to let landlords have also supported the private rented housing market by increasing the level of growth experienced Overall private rented housing is now worth a massive 1 trillion growing by more than half 57 per cent since the 2008 financial crisis and hitting this milestone figure for the first time According to commentary on the statistics this growth has been fuelled by the larger number of people who are purchasing properties with the intention of letting them out Pensioners have been earmarked as a particular pivotal group in this growth A report from Direct Line for Business at the end of 2014 claimed changes to pension rules would mean an increase in silver landlords who chose buy to let investments as a way of increasing their retirement funds Supplying tenant demand As well as benefiting from improved property prices landlords are also seeing profits boosted by high levels of demand

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/january/profits-for-buy-to-let-landlords-totals-177-billion/ (2016-02-16)
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  • Landlord arrears fall to their lowest level since 2008 as financial situation improves | Mortgages for Business
    Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Landlord arrears fall to their lowest level since 2008 as financial situation improves 09 01 15 Written by Steve Olejnik According to new figures landlords throughout the UK are finding it less difficult to pay off their buy to let mortgage arrears The findings come from the latest Tenant Arrears Tracker a survey carried out by estate agency chains Your Move and Reeds Rains The results show that after eight months of successive improvements the total number of buy to let loans in arrears has fallen to the healthiest level seen since 2008 just before the financial crisis affected the market During the third quarter of last year the number of arrears decreased by 7 4 per cent from the figure recorded in the second quarter of 2014 On an annual basis the number has fallen by 28 3 per cent Director of Your Move and Reeds Rains Adrian Gill explained landlords were returning to the idea of expanding their portfolios as their financial situations improved causing a subsequent increase in the number of homes available to let Boosting each other s finances The improved and healthier finances of landlords is directly associated with the financial capability of potential tenants As Gill explained tenants are mending their streams of income and this puts both parties in the rental market in a more stable position as they support each others finances He said that landlords are now moving away from a defensive mind set looking towards expansion instead Although an increase in the amount of tenants in severe rental arrears was reported as 2014 drew to a close the estate agent believes the long term outlook is positive During the

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/january/landlord-arrears-fall-to-their-lowest-level-since-2008-as-financial-situation-improves/ (2016-02-16)
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  • Landlords flirt with short term mortgage deals | Mortgages for Business
    the final quarter of 2014 the proportion of property investors favouring two year fixed rates has nearly doubled since the start of the year This now stands at 23 from just 12 in Q1 2014 By contrast there was a decline in the proportion of landlords who would choose longer term fixed rates In a marked reversal fewer would now fix their mortgage repayments for three years than would prefer a two year deal Just 15 prefer three year fixed rate products down from 21 The proportion of property investors who would fix for five years has fallen less dramatically from over one third 34 in Q1 2014 to 31 Moreover in the latest figures only 8 would opt for a 10 year fixed rate if available down from one in 10 David Whittaker managing director at Mortgages for Business comments Tempted by cheap rates landlords are deciding to take their chances with a shorter term deal It s true that these ultra competitive mortgage rates will probably continue for some time as the financial world increasingly predicts virtually zero inflation in the UK and Eurozone plus a cooling rate of economic growth That doesn t mean there s no room for caution Even in such an exceptional situation rates are still expected to rise in due time However landlords now seem willing to take the chance that won t happen for at least a couple of years However we maintain our recommendation to fix for longer particularly where the pricing difference between three and five year fixed rates is narrow Property investors discontent with mortgage lenders Overall the proportion of landlords who say lenders should be doing more to support property investors has risen since the start of last year This is now 64 up from 58 in Q1 2014 In particular almost three quarters 73 of those who felt lenders weren t doing enough now say lenders should ease criteria up from less than half 47 at the start of 2014 when investors were keener to see the cost of rates and fees come down As borrowing costs have fallen substantially fewer property investors feel mortgage rates should be lower 10 down from 19 at the start of 2014 Similarly fewer respondents said they would like lenders to reduce fees 12 down from 20 and only 5 felt that lenders should be lending more down from 14 The survey revealed that landlords with larger portfolios continue to feel marginalised by the majority of lenders They would like to see lenders remove age restrictions and non property related income requirements increase lending to limited companies and take a more common sense approach to underwriting David Whittaker explains Unfortunately for the more seasoned investor the mainstream buy to let lenders tend to focus their business on landlords with smaller portfolios who don t rely on the rent to earn a living They do this for two main reasons to reduce their exposure to risk and to keep costs down And

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/january/landlords-flirt-with-short-term-mortgage-deals/ (2016-02-16)
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  • Extent of buy to let investment highlighted by £21.9 billion repayments | Mortgages for Business
    Contact us 0845 345 6788 Share News Insight Extent of buy to let investment highlighted by 21 9 billion repayments 08 01 15 Written by Jeni Browne Research released by the UK s top landlord association shows mortgage repayments over the last year totalled a combined cost of 21 9 billion highlighting the significant investments made in the property industry The figures from the National Landlords Association NLA show that over one million UK landlords have used some form of buy to let borrowing with an average mortgage cost repayment costing 20 950 over the last 12 months The huge figure which does not include upfront deposits of roughly 25 per cent of the value of the property has arisen following a recent announcement from the Bank of England that buy to let lending during Quarter three of last year was at a high of 8 billion The research found that landlords with a small portfolio of one to four properties spent 10 335 on average on repayments in 2014 whilst those with larger portfolios 11 properties or more spent an average of 55 285 The NLA s findings also show that it takes on average six weeks for landlords to secure a buy to let mortgage one in five 19 per cent face a wait of over two months to complete their application Supplying the demand NLA chairman Carolyn Uphill said that the figures really hammer home the sheer amount of money that private landlords are putting into providing homes that are much needed by the nine million people currently renting in the UK particularly when considering that a significant proportion are single property or small portfolio landlords Uphill commented that most private individual investors are continuing to supply the market with well maintained houses when past governments have

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/january/extent-of-buy-to-let-investment-highlighted-by-219-billion-repayments/ (2016-02-16)
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  • Property market set to experience sustainable growth in 2015 | Mortgages for Business
    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 Property market set to experience sustainable growth in 2015 07 01 15 Written by Jenny Barrett Property sectors in the UK expect to continue their expansion throughout 2015 with a trend towards more sustainable levels of growth predicted to appear The forecast follows analysis by real estate advisor CBRE which suggests that prime markets in London will maintain growth during the New Year Increased confidence and investor interest will spur growth in prime regional markets while secondary housing markets are predicted to progress better than in recent years The analysis highlights that last year average total returns to property stood at almost 20 per cent While growth rate in this area will slow down and settle at just below 13 per cent during 2015 healthy returns will mean good capital accumulation for buy to let investors A positive outlook The oncoming general election is sure to bring with it some uncertainty regarding property decision making however year on year rental growth in most sectors is likely to be significant An improvement in yields as investment inflows continue to find their way into the UK market is also anticipated Head of UK research at CBRE Miles Gibson commented on the significant growth seen throughout the property market in 2014 and the probable return to slower but healthy levels of growth heading into 2015 This has been a year of extraordinary expansion across the property sector and while this will continue into 2015 overall there will be a return to more sustainable levels of growth he said He continued to say that rental growth is set to continue across all sectors

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/january/property-market-set-to-experience-sustainable-growth-in-2015/ (2016-02-16)
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  • Buy to let investors pushed to concentrate on UK | Mortgages for Business
    Careers Contact us 0845 345 6788 Share News Insight Buy to let investors pushed to concentrate on UK 06 01 15 Written by Jeni Browne Investors are advised to focus on UK regions despite potential growth in overseas hotspots According to the 2015 Property Predictions Report by top agency Property Frontiers demand will be strong in cities such as Oxford Liverpool and Manchester as well as in Northern Ireland as a whole Investors would be wise to consider these areas when building their portfolios and could secure stronger yields from property investments in these areas The advice comes as certain locations abroad anticipate strong growth with Dublin Barcelona New York and some African cities all expecting a property boost However the findings of Property Frontiers report suggest demand for buy to let in the UK could exceed them all Predictions for a strong UK market Ray Withers Chief Executive of the agency said that although there are many interesting opportunities for property investment internationally the UK is offering the most positive environment for investors He said there has been a trend in which more property investors have turned to the UK with Britain s buy to let property one of the investment highlights of last year and set to be even stronger throughout 2015 This asset class is perfect for investors with varying sums of capital thanks to the range of properties and locations available Withers continued It means that buy to let investment properties have attracted everyone from investors with just that one property in their portfolio to large scale buyers with an array of homes He also noted that globally safe haven markets will maintain their investment from emerging markets whilst New York will remain a chief beneficiary in the States as the US market continues to grow

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/january/buy-to-let-investors-pushed-to-concentrate-on-uk/ (2016-02-16)
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  • Property prices in UK likely to increase in 2015 | Mortgages for Business
    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 Property prices in UK likely to increase in 2015 05 01 15 Written by Steve Olejnik It is expected that estate agents will once again see the average price of property rise over the next twelve months According to Stuart Law the chief executive of buy to let company Assetz the average valuation on property in the UK will increase by approximately seven per cent in the New Year London trends spreading to the rest of the country It is likely that the changes to stamp duty and updates to annuity legislation which will come into action in early 2015 will spur increased interest in further property investment The solid momentum reported in London last year is likely to extend into the rest of the UK during this year with the uprooting of young professionals the main reason for the trend This will see those previously based in London finding places to live in regional hubs like Birmingham because they can no longer afford the high rent rates in the capital Law explained that despite the fact London led the way throughout most of 2014 the city is now cooling and other UK regions will enjoy a long awaited catch up during 2015 As the period of uncertainty surrounding the independence referendum is over Scotland in particular is likely to experience a revival in property price Growth in areas such as this will help balance the effects of the London slowdown to offer growth in the property

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/january/property-prices-in-uk-likely-to-increase-in-2015/ (2016-02-16)
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  • New Year will witness increases in house and rent prices | Mortgages for Business
    Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight New Year will witness increases in house and rent prices 30 12 14 Written by Jenny Barrett A report has predicted house price increases for the New Year with higher rents also expected The report released by the Royal Institute of Chartered Surveyors RICS says house prices will grow over the course of 2015 rising three per cent on average while rent charges will be two per cent higher Modest growth Predicting that 1 25 million property sales will take place in 2015 up from 1 22 million last year RICS anticipate modest growth for house prices and rental fees Specific regions such as Wales the South West and London will experience the lowest growth rates according to their data with property values expected to grow by no more than two per cent in these regions while London expects to record a zero per cent increase Chartered surveyors have described this trend as the English capital pausing for breath suggesting the flat rates may not last long However there are still parts of the country anticipating buoyant conditions next year with boroughs in the East and what are described as non prime locations the most obvious examples Tenant demand improves rental yields Regarding rent the report concluded that tenant demand is continuing to exceed new property supplies driving the two per cent rise in prices England s North East and South West are the regions thought to experience the strongest growth whereas RICS forecasts growth in the capital will match the average for the country Head of UK policy at RICS Jeremy Blackburn commented on the political implications of the state of the housing market He claimed political ambition has a huge role to

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2014/december/new-year-will-witness-increases-in-house-and-rent-prices/ (2016-02-16)
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