There were 5,800 Buy-to-let home purchase mortgages completed in July 2019 which was up by 5.5% compared to the same time last year according to ‘UK Finance’. Since the BTL reforms the growth in popularity for Buy-to-let limited companies has surged. Portfolio landlords with more than 11 properties are much more likely to re-mortgage within …
Semi-Detached homes best performer since financial crash of 2008
The UK property market has gone through a rollercoaster of a ride over the past decade and house prices roared all the way until the Brexit vote back in 2016. Where will House Prices go next is a question often asked in this new protectionist era. The news has certainly not been slow for the …
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LTD Company structure proving popular for BTL Landlords
Buy to Let Mortgages are at a confusing stage after tax changes and lenders product criteria tighten up. BTL investors now need to evaluate the benefits of a Limited company offering, yields attached to HMOs and short term lets. According to the BTL mortgage index 59% of all buy-to-let mortgage lenders offered products to landlords …
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Good times ahead for Holiday let landlords and the Brexit saga continues
Last week the UK was basking in the glorious heatwave and has certainly been good news for many. UK holiday makers are steering clear of overseas travel due to a weak pound and Brexit travel uncertainties. Holiday Buy-to-let investors set to benefit from the current market conditions, as they are exempt from some recent tax …
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Distinct increase in London new home registrations
NHBC reported for the period between March and May 2019 7,000 new homes were built in London. This is an increase of 125 percent more than last year. The report also identifies across the UK 43,985 homes were registered compared to last year 39,059 were recorded. According to NHBC the main reason for the rise …
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89 % Of BTL Applications Lead to Offers
IMLA data identifies that brokers were able to translate over 89% of applications into offers, the highest percentage documented since 2016. Specialist mortgages improved with the increase in applications converting into an offer and those offers which led to completion were up at a three-year high. IMLA Mortgage Market Tracker reveals the number of accepted …
House Prices Provide An Opportunity
Annual House price growth remained below 1% for the sixth month in a row at 0.6% revealed by Nationwide. Property transactions and the number of mortgages approved for house purchases have remained steady. Robust labour market conditions and low interest rates is supporting the housing market. A major contributing factor is employment continues to rise …
Buy-To-Let Second Charge Loan Completed in 24 Hours
Smart Money has a completed a buy-to-let second charge loan in just 24 hours. The enquiry was submitted to Smart Money by one of our introducers at 3.37pm on 8th March 2016, where Mike Scott immediately conducted his research and emailed the pack to the client on the same afternoon. The documents were couriered back the …
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