Neil Patterson

Auction property and buy to let mortgages don’t mix

Auction property and buy to let mortgages don’t mix...

It is not an exaggeration to say that every day we are asked the question “can you arrange a buy to let mortgage for me on an auction property I am interested in purchasing”. My next question...

Buy to let product that does what it says on the tin

Buy to let product that does what it says on the tin...

I spent all day yesterday updating the mortgage calculator making sure all the usual little lenders’ tweaks had been uploaded and any interesting new products were included, when I ran across what...

The first buy to let lender to blink

The first buy to let lender to blink...

The buy to let market has been very quiet for the last few weeks with little to report on rate changes, but the first lender to make their move appears to be the state owned Northern Rock. The Northern...

What is a “Regulated Buy to Let”?

What is a “Regulated Buy to Let”?

A buy to let mortgage in lending terms is very similar to a residential mortgage regulated by FSA rules, but just because something looks like a duck and sounds like a duck doesn’t always mean it is...

85% Buy to Let is back with Kent Reliance

85% Buy to Let is back with Kent Reliance...

85% loan to value borrowing is back with Kent Reliance Launching two new mortgage products. These are both variable rates at 5.49% for the two year, and 5.69% for the three year discounted rate. The ability...

Bank of England base rate remains at 0.5%

Bank of England base rate remains at 0.5%...

Hardly surprising, but still good news for borrowers is that the Monetary Policy committee voted to keep the Bank Base rate at 0.5% today. Of more interest though is the decision not to increase the levels...

Buy to let semi-exclusive rates are made available by BM Solutions

Buy to let semi-exclusive rates are made available by BM Solutions...

BM Solutions are making semi-exclusive products available to their preferred broker sources showing they still have an appetite and spare funds available to lend. The two buy to let products launched...

Buy to Let mortgage market and products update

Buy to Let mortgage market and products update...

The good news is that confidence and competition in the buy to let market has stood firm in the face of other economic concerns such as the problems in Europe. The Mortgage Works, who are one of the leading...

Lenders cut rates with new buy to let mortgage deals

Lenders cut rates with new buy to let mortgage deals...

Buy to let mortgage borrowing is expected to increase even more as lenders switch funds away from movers and first time buyers to landlords. Several key lenders have already pledged more funds for buy...

Godiva resurrect buy to let capped rates

Godiva resurrect buy to let capped rates...

Godiva the specialist buy to let arm of the Coventry Building society is bringing capped rates back into the market after their disappearance during the credit crunch. A capped rate is a variable mortgage...

Bank of England Inflation Report and Economic Roundup

Bank of England Inflation Report and Economic Roundup...

“When is the Bank of England base rate going up?” is the most frequent question I am asked by property investors. Not this year or next is how I assess the latest figures from the May Bank...

Buy to Rent

Buy to Rent...

I was recently asked about buy to rent and having thought about the conversation afterwards I was amazed at how indoctrinated into the jargon of the financial industry I have become. This was to the caller...

How to calculate the amount you can borrow on a buy to let mortgage

How to calculate the amount you can borrow on a buy to let mortgage...

“How much can I borrow?” is a question I am asked on a daily basis and thought I would assist by creating a written reference point. The first thing to bear in mind is that Lenders perceive...

Buy to Let remortgaging is now possible inside 6 months

Buy to Let remortgaging is now possible inside 6 months...

Mortgage Trust will now consider remortgaging a property inside 6 months of the date of purchase, but only if there have been significant improvement works carried out which have enhanced the property’s...

Buy to Let warning over leased solar panels

Buy to Let warning over leased solar panels...

Landlords looking to install or purchase properties with solar panels using a 25 year lease agreement need to think twice if they require buy to let finance. We have had feedback from 3 of the major buy...

Buy to Let market update

Buy to Let market update...

A new buy to let lender has entered the market called Keystone They specialise in buy to let mortgages for Single Purpose Vehicle limited companies, HMOs and Multi-Unit properties. This part of the market...

Banks not renewing commercial loans

Banks not renewing commercial loans...

We are witnessing a significant rise in the incidence of some banks refusal to offer new or extended terms to commercial loan facilities. In extreme cases, some banks are demanding early loan redemption.

Principality 70% LTV buy to let rate revised

Principality 70% LTV buy to let rate revised...

Principality has revised one of its two buy to let products upwards. The new rate at 4.99% has a low fixed product fee of £999 and includes a free valuation and remortgage service, reducing upfront costs...

Godiva Rate Added to buy to let mortgage calculator

Godiva Rate Added to buy to let mortgage calculator...

Godiva 3.65% two year Bank Base Rate Tracker for buy to let. Godiva has an attractive looking Tracker product with fixed arrangement fees instead of a percentage of the loan amount, making it especially...

Spotlight on two 80% Buy to Let products

Spotlight on two 80% Buy to Let products...

Two similar products – look at the detail. This is an example of the terms, criteria and costs I would consider for Landlords looking to borrow 80% Loan to Value and minimise the capital required to...

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Monday 7th February 2011

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