Neil Patterson

Latest Buy to Let mortgage product trends

Latest Buy to Let mortgage product trends...

The good news for Buy to Let mortgage products is that they have remained mostly stable for the last two months, despite the Mortgage Market Review (MMR) and the Bank of England base rate of 0.5% on it’s...

Lenders are to undergo extreme stress testing by the Bank of England

Lenders are to undergo extreme stress testing by the Bank of...

The Bank of England (BoE) is preparing to test eight UK lenders to see if they can absorb sharp falls in the housing market and rises in interest rates. The test is to see if the lenders can withstand...

Inflation falls for a record 6 consecutive months!

Inflation falls for a record 6 consecutive months!

Consumer Prices Index (CPI) inflation reduced for a record sixth month to 1.6% for the year to March 2014. That means you now need to spend on average £101.60 to buy the same things 12 months ago. This...

Limited Edition Buy to Let product tops Trigold Search

Limited Edition Buy to Let product tops Trigold Search...

Precise Mortgages have launched a limited Edition Buy to Let product range that is topping the Trigold mortgage searches at the moment. Trigold is a whole of market mortgage search engine used under license...

Budget 2014 – “For Makers Doers and Savers”

Budget 2014 – “For Makers Doers and Savers”...

Budget 2014 – what are the main points for Property118 readers and the PRS. The Office for Budget Responsibility (OBR) confirmed the GDP forecast to grow by 2.7% this year, 2.3% next year, 2.6% in...

New “Natural” Base Rate for the UK could be 3% or less

New “Natural” Base Rate for the UK could be 3% or...

Over the last few weeks there has been a steady string of press releases by individual members of the Bank of England’s Monetary Policy Committee (MPC) commenting with their own thoughts of how Base...

News Flash – 80% LTV available on New Build Flats!!

News Flash – 80% LTV available on New Build Flats!!

Ever since the Credit Crunch it has been very hard to finance new build flats on Buy to Let mortgages with lenders criteria either a straight No, or at a reduced Loan to Value. However Aldermore commercial...

Buy to Let may come under more scrutiny post MMR

Buy to Let may come under more scrutiny post MMR...

The Mortgage Market Review MMR will come into effect on the 26th of April. The New MMR rules will force lenders to prove that borrowers can afford the monthly mortgage payments on their FCA regulated main...

Bank of England quarterly inflation report summary

Bank of England quarterly inflation report summary...

No need to panic about interest rate rises as we are still in a bad place, but an improving place economically. Yes “Forward Guidance” is dead because the Bank of England got their unemployment...

Leek United Building Society Buy to Let with no upper age limit

Leek United Building Society Buy to Let with no upper age limit...

18 Months ago I wrote one of our most popular articles titled Ageism in BuyToLet mortgages? Myths dispelled This article highlighted the ability to apply for Buy to Let mortgages beyond age 70 and which...

Good News – GDP has grown by 1.9% in 2013

Good News – GDP has grown by 1.9% in 2013...

The Office for National Statistics (ONS) has this morning reported the UK economy has grown by 0.7% in the fourth quarter of 2013 with total GDP for the year growing by 1.9%. These are the best annual...

85% LTV at 110% interest cover Buy to Let – InterBay Commercial

85% LTV at 110% interest cover Buy to Let – InterBay Commercial...

InterBay Commercial part of OneSavings Bank plc group have introduced a new Buy to Let range and of real interest for the market is an 85% Loan to Value product stress tested at 110% interest cover on...

Shawbrook now offer “Heavy Refurb” product

Shawbrook now offer “Heavy Refurb” product...

Shawbrook have today announced that it is offering packaged finance products to clients for properties that require more refurbishment work than normally allowed by lenders with their Buy to Let and light...

Consumer Price Index finally hits Bank of England 2% inflation target

Consumer Price Index finally hits Bank of England 2% inflation...

The Consumer Price index (CPI) inflation rate fell to 2% in December down from 2.1% in November finally hitting the Bank of England’s target medium term figure for inflation. CPI is the measure used...

My views on consultancy with Mark Alexander

My views on consultancy with Mark Alexander...

I really had too much to say about the article offering “One to one consultancy with Mark Alexander” for a comment so I have decided to write an article of my own. I first met Mark in 2002...

A New Years resolution to save money on your property management

A New Years resolution to save money on your property management...

It is that time of year when we start to get a bit of time on our hands to review what are plans are for the next year. After getting to know and work closely with Tony and Chris at LettingSupermarket.com...

Accidental landlords advised to consider selling BEFORE April 2014

Accidental landlords advised to consider selling BEFORE April...

Accidental landlords looking to sell and take advantage of tax breaks on former main residences are being advised of the importance of doing so before April 2014. The Chancellor George Osborne confirmed...

Autumn Statement 2013 and the housing market

Autumn Statement 2013 and the housing market...

The Chancellor, George Osborne in his Autumn Statement 2013 has confirmed that as from April 2015 foreign owners of UK property will pay Capital Gains Tax. Foreign investment into the London property market...

Kent Reliance Buy to Let no minimum income and 85%!

Kent Reliance Buy to Let no minimum income and 85%!

Kent Reliance Buy to Let have withdrawn their minimum income criteria of £25,000 even for 85% Loan to Value. However this does not mean there is no criteria as a borrower would have to demonstrate a “reasonable”...

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...

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Monday 7th February 2011

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