Neil Patterson

Funding for Lending Scheme withdrawn for household market

Funding for Lending Scheme withdrawn for household market...

The Bank of England have withdrawn their support for the Funding for Lending Scheme, but only to the household market. The Funding for Lending Scheme (FLS) has been successful in reducing the cost of lending...

Principality Buy to Let – new range starts with a 1.99% rate!

Principality Buy to Let – new range starts with a 1.99%...

Principality Buy to Let have launched a massively improved new product range only available via brokers, but I have added them to our Buy to Let Mortgage Calculator and Sourcing system. The Headline grabber...

Bank of England Inflation report and what it means for Interest Rates

Bank of England Inflation report and what it means for Interest...

Unlike the press DON’T PANIC, the economic news is good but not that good in the Bank of England Inflation report. Reports of imminent Bank Base Rate rises next year are wildly exaggerated and unhelpful...

Shawbrook Bank – Definitely not for “brand new customers only”

Shawbrook Bank – Definitely not for “brand new customers...

Shawbrook Bank are now offering a 0.25% discount on the margin or a 0.25% discount in the arrangement fee for clients who have already been party to a completed loan with them. This makes a very refreshing...

CPI Inflation down – releasing more presure on Bank Base Rate

CPI Inflation down – releasing more presure on Bank Base...

The Consumer Price Index CPI inflation figures for October show a year on year fall to 2.2% from 2.7% in September as released today by the Office for National Statistics (ONS). This surprise fall means...

Consent to Let – Should I tell my residential lender I am now letting the property?

Consent to Let – Should I tell my residential lender I...

“Should I obtain consent to let” has been a very common question over the years asked by both accidental landlords and portfolio landlords who are moving, but wish to keep their property as...

Buy to Let Mortgage products and market update – essential reading

Buy to Let Mortgage products and market update – essential...

Having just updated the Buy to Let mortgage products on our own in house Buy to Let Mortgage sourcing system and calculator I thought I would give you a summary of what’s Hot or Not in the current...

GDP grows 0.8% but still 2.5% below 2008 peak

GDP grows 0.8% but still 2.5% below 2008 peak...

The Office for National Statistics (ONS) has released 3rd quarter 2013 Gross Domestic Product GDP figures showing the economy has grown by 0.8%. However the Bank of England remain cautious and do not predict...

SEAL – South East Alliance of Landlords

SEAL – South East Alliance of Landlords...

Members of the South East Alliance of Landlords (SEAL) are putting together a bedsit task force to go Street to Street in Southend in a war on neighbours from hell. Judith Codarin, secretary of SEAL said:...

Rics want a 5% annual price rise cap

Rics want a 5% annual price rise cap...

The Royal Institution of Chartered Surveyors (Rics) want a 5% annual price rise cap for houses that triggers restrictions on mortgage  income multipliers or maximum Loan to Value. Although Rics did say...

Aldermore offer Buy to Let for customers with light adverse credit

Aldermore offer Buy to Let for customers with light adverse credit...

Since the credit crunch it has been extremely difficult for anyone without a perfect credit history to obtain a Buy to Let mortgage. Mainstream lenders have not been interested in entertaining any mortgage...

Buy to Let mortgage products and criteria – market update

Buy to Let mortgage products and criteria – market update...

After updating and writing the article on our Buy to Let mortgage sourcing system and calculator I thought I would give readers an update of what is still available and popular in the market. You can find...

Our own Buy to Let Mortgage sourcing system and calculator

Our own Buy to Let Mortgage sourcing system and calculator...

I have just finished updating all the products on our own in house Buy to Let Mortgage sourcing system and calculator. This takes quite a bit of time, but it is definitely worth it and I wanted share with...

Development Finance – Where do you start?

Development Finance – Where do you start?

Borrowers are still being frustrated by the banks’ continued reluctance to lend on development finance projects, but reality is that if you know who to ask they are actually eager to lend on profitable...

The Mortgage Works reduce BuytoLet rates

The Mortgage Works reduce BuytoLet rates...

It was announced in the press that The Mortgage Works has today launched a 2.49% 2 year fixed rate, which is correct, but now I have uploaded all their product changes to our BuytoLet mortgage calculator...

Precise Mortgages launch Bridge to Let product

Precise Mortgages launch Bridge to Let product...

The intermediary only lender Precise Mortgages has today launched the Uk’s only true Bridge to Let Product for development and refurbishment BuytoLet projects. If  you take out a Bridging loan with...

Second charge BuytoLet loans via Shawbrook

Second charge BuytoLet loans via Shawbrook...

I received an email today from Shawbrook outlining their Secured BuytoLet Loans which on first glance I nearly ignored as I normally do for other second charge lenders. On second thought though it struck...

Leeds Building Society BuytoLet rates cut by up to 0.7%

Leeds Building Society BuytoLet rates cut by up to 0.7%...

The Leeds Building Society has cut its BuytoLet rates buy up to 0.7% on selected products whilst keeping low fixed fees and continuing to offer products at 80% Loan to Value. Headline rates include: 3.29%...

Interest only or Repayment BuytoLet mortgages

Interest only or Repayment BuytoLet mortgages...

A common question from new Landlords is why are so many BuytoLet mortgages taken out on an Interest only basis rather than Capital and Repayment. First of all it helps to understand that a BuytoLet mortgage...

Bank of England report good news for a change

Bank of England report good news for a change...

I have been attending the Bank of England quarterly seminars since 2007 and was completely flummoxed by the opening statements reporting good news for a change. They are confidently predicting consistent...

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Monday 7th February 2011

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