Neil Patterson

Landlords Revenge – Prosecuting Rogues

Landlords Revenge – Prosecuting Rogues...

If you are angry about being ‘ripped off’ and being left out of pocket then you probably don’t relish the thought of spending money on solicitors or grovelling to disinterested authorities...

Bank of England Chief Economist thinks interest rates should stay low

Bank of England Chief Economist thinks interest rates should...

Andrew Haldane. the Chief Economist for the Bank of England, has caused concern in markets today with his pessimistic outlook on the world economy and how it could slow the UK’s recovery. Sterling...

Buy to Let Market watch – High Loan to Value

Buy to Let Market watch – High Loan to Value...

I have been updating the Quote Engine and Calculator with the latest products for readers, and thought it would be useful to give an update on niche areas of the Buy to Let Market, starting with higher...

Up to £1million of your savings could be protected by the Bank of England

Up to £1million of your savings could be protected by the Bank...

The Bank of England, under its Prudential Regulation Authority (PRA), has proposed that by July 2015 a maximum of £1million in savings with an individual bank will be protected for a term of six months.

Bridgebank capital are unique in advertising they will lend on Open Market Value

Bridgebank capital are unique in advertising they will lend on...

Bridgebank capital are a Bridging loan lender fully regulated by the FCA and uniquely advertise they will lend against the open market value (OMV) of a property rather than the lower of purchase price...

Accidental Landlord Buy to Let mortgages are now to be regulated

Accidental Landlord Buy to Let mortgages are now to be regulated...

The Government has changed its mind about regulating Accidental Landlord Buy to Let mortgages in a decision to now comply with the EU mortgage credit directive being brought into law March 2016. The Treasury...

European Central Bank cuts interest rate to 0.05% !

European Central Bank cuts interest rate to 0.05% !

Along with an asset purchase scheme to increase the supply of money the European Central Bank (ECB) has cut rates to 0.05% from its previous low figure of 0.15% introduced in June. After this announcement...

European Central Bank may consider using Quantitative Easing

European Central Bank may consider using Quantitative Easing...

The European Central Bank (ECB) is considering the use of Quantitative Easing (QE), or smaller scale asset purchase for the first time in an effort to avoid deflation. This is after figures showing European...

No such thing as the best Buy to Let product

No such thing as the best Buy to Let product...

What is the best Buy to Let product is one of the questions I am most often asked. Unfortunately for me there is no answer to that question as at a guess there are probably 50 – 100 plus factors...

Property118’s own Buy to Let Mortgage sourcing system and calculator

Property118’s own Buy to Let Mortgage sourcing system and...

I regularly update 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 is worth reminding readers what it...

Loan to income ratio on Buy to Let – what could be next?

Loan to income ratio on Buy to Let – what could be next?

It has been announced that the Nat West and RBS group will be tightening their Buy to Let mortgage criteria even further. They will be limiting their loan to income ratio to 4.99. The move became effective...

UK average house price now £188,903 while in London it is £400,404

UK average house price now £188,903 while in London it is £400,404...

The UK average house price has now surpassed the 2007 peak by almost 1%. However, if you exclude London figures the average is still 0.4% below the pre-credit crisis high with London actually 30% above.

Remember our background is in BuytoLet and Commercial finance

Remember our background is in BuytoLet and Commercial finance...

Mark, Mike and I met through the common background of BuytoLet and Commercial Finance. Over the years through The Money Centre and now Property118 we have literally helped 10s of thousands of Landlords,

Financial Stability Report caps future mortgage income multiples

Financial Stability Report caps future mortgage income multiples...

The Bank of England’s Governor, Mark Carney has today held a press conference to outline new plans to stabilise  the housing market under the Financial Stability Report. The housing market is the...

Buy to Let mortgage rates moving down not up with Virgin!

Buy to Let mortgage rates moving down not up with Virgin!

Despite the Press and politicians misreporting and misunderstanding Mark Carney’s (the Governor of The Bank of England) latest comments, Virgin Money have actually reduced their Buy to Let mortgage...

Should Buy to Let Landlords be worried about Scottish Independence?

Should Buy to Let Landlords be worried about Scottish Independence?

Scotland’s big three banks RBS, Bank of Scotland and Clydesdale are over 12 times in value the size of the total Scottish economy, where as currently UK banks are just over 4 times the size of the...

European Central Bank introduces NEGATIVE interest rate???

European Central Bank introduces NEGATIVE interest rate???

The European Central Bank (ECB) is the first major central bank to introduce a negative interest rate. The ECB has cut its interest rate to minus 0.1% for deposits banks hold with it. This means that banks...

Precise Mortgages launch Almost Prime Buy to Let up to 80% LTV

Precise Mortgages launch Almost Prime Buy to Let up to 80% LTV...

Precise Mortgages has launched a new “Almost Prime” Buy to let mortgage range for investors with minor and historic adverse credit including products up to 80% Loan to Value (LTV). “Almost...

Mark Carney says housing supply is the biggest domestic threat!

Mark Carney says housing supply is the biggest domestic threat!

In a Sky News interview this morning Mark Carney, the governor of the Bank of England, said that rising house prices due to lack of supply represent the biggest single domestic risk to financial stability...

Bank of England quarterly inflation report – facts not the hype

Bank of England quarterly inflation report – facts not...

Unfortunately the majority of the press like to run pure scare stories about future Bank of England Base rate increases because they know it sells. However I like to run my quarterly updates on the inflation...

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Monday 7th February 2011

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