Neil Patterson

Bank of England announce £250 billion to support liquidity

Bank of England announce £250 billion to support liquidity...

The Governor of the Bank of England, Mark Carney, has just announced that £250 billion will be made available to the banking system to support liquidity and lending to UK business and households. The...

Rental cover to be lower for Ltd company BTL applications than individual!

Rental cover to be lower for Ltd company BTL applications than...

Foundation Home Loans will increase its rental cover requirements to 145% for individual applications, but leave limited company products at 125%. Simon Bayley, commercial director, said: “There is no...

New interest rate predictions revised down by Bank of England

New interest rate predictions revised down by Bank of England...

The Bank of England have released their latest Inflation Report and have revised future predicted interest rates down based on reduced growth and inflationary pressure. This is being partially blamed by...

Buy to Let in Ltd Company name – New specialist lender

Buy to Let in Ltd Company name – New specialist lender...

New lender, Foundation Home Loans, has launched into the Buy to Let market specialising in criteria for investing in the name of a Limited Company post clause 24. This niche will in particular allow new...

Shawbrook Bank produce a report on the evolution of the HMO market

Shawbrook Bank produce a report on the evolution of the HMO market...

Shawbrook Bank are now one of the most popular niche lenders in the property investment market with BTL, refurb, HMO, Bridging and Bridging to BTL products. They are one of the few that will consider loans...

Benign economic indicators push interest rate rise further away

Benign economic indicators push interest rate rise further away...

Figures from the Bank of England’s latest inflation report shows a benign environment for any pressure on interest rates. Domestic growth has slowed along with wage inflation and price inflation.

80% LTV 5 year fixed BTL at 3.99% for individuals or Ltd companies

80% LTV 5 year fixed BTL at 3.99% for individuals or Ltd companies...

Aldermore have reduced their 5 year fixed Buy to Let rate to 3.99% for single residential units in the name of individuals or limited companies up to a maximum of 80% Loan to Value. Aldermore do not credit...

Shawbrook launch new BTL products for the rush before Stamp Duty increases

Shawbrook launch new BTL products for the rush before Stamp Duty...

Shawbrook Bank are one of the most flexible lenders for property investors with real underwriters that will look at individual cases and a whole range of criteria and products from standard BTL to Refurbs...

Now is not the time to raise interest rates – Mark Carney

Now is not the time to raise interest rates – Mark Carney...

In the turn of the year speech today Mark Carney, the Governor of the Bank of England, said “last summer I said that the decision as to when to start raising Bank Rate would likely come into sharper...

Buy to Let Maximum age 110 with Precise Mortgages!

Buy to Let Maximum age 110 with Precise Mortgages!

Precise Mortgages have today launched a new flexible criteria for landlords looking to finance their portfolios into retirement with a maximum age of 110. The maximum age at the point of application is...

US interest rate rise for the first time since 2006 by 0.25%

US interest rate rise for the first time since 2006 by 0.25%...

Yesterday Janet Yellen, the Chair of the Board of Governors of the Federal Reserve System, announced that the US interest rate will increase by 0.25%. This is the first increase since 2006 and since 2008...

Mark Carney and the FPC are watching Buy to Let

Mark Carney and the FPC are watching Buy to Let...

In an interview with the Financial Times yesterday defending ‘Forward Guidance’ Mark Carney, The Governor of the Bank of England, expressed concerns if Buy to Let investors were to all sell...

8 Doves to 1 Hawk – Bank Rate remains at 0.5%

8 Doves to 1 Hawk – Bank Rate remains at 0.5%...

Yesterday the Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 8-1 to maintain Bank Rate at 0.5%. The MPC also voted unanimously to maintain the stock of purchased assets financed...

BTL lenders to have underwriting reviewed by the PRA

BTL lenders to have underwriting reviewed by the PRA...

It was announced in the Financial Stability Report (see below) that the Prudential Regulation Authority (PRA) will review the underwriting standards and procedures of Buy to Let lenders. The Chancellor...

Barclays to increase stress testing after Summer budget tax relief cuts to Landlords

Barclays to increase stress testing after Summer budget tax relief...

Barclays, and its mortgage arm Woolwich, are one of the first high street lenders to take action after the announcement in the Summer Budget that there will be a gradual tapering down of tax relief for...

Spending Review 2015 – 3% increase on Stamp Duty for BTL and second homes

Spending Review 2015 – 3% increase on Stamp Duty for BTL...

The Chancellor George Osborne in his spending review today announced that he will increase Stamp duty for Buy to Let properties and second homes with a surcharge of 3% from April 2016. The Chancellor said...

Problem Buy to Let – Perhaps Fleet can Help

Problem Buy to Let – Perhaps Fleet can Help...

If you have a problem BTL and no one else can help maybe you should hire the A team – Sorry I meant try Fleet Mortgages. Fleet mortgages have a range of niche criteria that may assist when other...

New Buy to Let mortgages from Santander starting from 2.29%

New Buy to Let mortgages from Santander starting from 2.29%...

A new range of Buy to Let mortgages have been launched by Santander with the headline rate starting at 2.29%. The products range around a core of 2 and 5 year Fixed rate mortgages and 2 year Trackers.

Shawbrook reduce large loan products across the board by 0.5%

Shawbrook reduce large loan products across the board by 0.5%...

Shawbrook have announced the decision to re-price the “Large Loan” products with a 0.50% decrease across the board. Large Loans on residential and commercial investments start at £750,000...

Mark Carney on inflation in a globalised world and the shock waves from China

Mark Carney on inflation in a globalised world and the shock...

These remarks were given by Mark Carney, Governor of the Bank of England, at the Economic Policy Symposium hosted by the Federal Reserve Bank of Kansas City. Recent developments in China can be assessed...

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Monday 7th February 2011

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