News & Insights - Buy to let

More changes on the way for landlords.. Landlords who own four or more mortgaged buy-to-let properties can soon expect lenders to look across their whole portfolio if they want to apply for a mortgage on a new property.

The Times focused on the new Buy to Let rules from the Prudential Regulation Authority (PRA) that will come into force this October.

Lenders will have to adopt a more uniform approach to mortgage stress tests, following a clarification of the rules by the Bank of England’s Financial Policy Committee (FPC).

If you own property you rent out, make sure you aren’t paying more than you need to for your buy to let mortgage. Just as those with residential mortgages should regularly review their mortgages to see if they can cut costs, landlords should also check whether remortgaging could reduce their monthly payments...

Interest-only mortgages across the UK market have decreased

May is the 99th month that the Bank of England has kept its base rate at or below 0.50%. Around 2.5 million people have bought their first property since then, according to the Council of Mortgage Lenders, and will not yet have witnessed base rate moving in the opposite direction.

There is a new lender in town, claimed this weekend’s financial press, and it goes by the name of BOMAD.

The start of the new tax year on April 6 has ushered in changes to buy-to-let tax relief which gradually restrict the amount of relief landlords can claim on mortgage interest payments.

Applying for a mortgage can be tricky, but if you’re a self-employed worker, freelancer or contractor, you could face extra challenges. Here's what you'll need to get a mortgage as a self-employed person...

The housing market is a tough nut to crack for first-time buyers, with rising house prices requiring bigger deposits, and tough affordability criteria making it difficult to secure a mortgage.

The latest Bank of England data shows the cost of mortgages is beginning to edge up, according to this weekend’s Daily Telegraph, with longer-term fixed rates experiencing the biggest increases.

Last year isn’t one any of us are likely to forget in a hurry thanks to Brexit, but amidst all the political turmoil, homebuyers and owners enjoyed some of the lowest mortgage rates ever recorded.

Santander has announced it will tighten the rental calculation for landlords from 23rd November. This makes them the first major lender to declare policy changes since the Prudential Regulatory Authority published new requirements in September.

When you apply for a mortgage, lenders will look to your bank statementsto help them decide how much you can afford to borrow. Follow these simple steps to boost your mortgage affordability

In the Autumn Statement, Chancellor George Osborne announced a substantial increase in Stamp Duty on the purchase of additional residential properties. That will therefore apply to situations such as purchase of a property to let out or of a second home.

As announced in the Budget, mortgage interest rate relief is going to be limited to the basic 20% income tax rate: higher and top rate tax payers no longer get full relief.

Whether you are a seasoned landlord or looking at buying to let for the first time, these tips will come in handy.