Keystone Buy to Let Mortgages has announced a reduction of 0.30% to all its three-year discounted rates, now starting from 4.98%.
Bridging loan brokers are handling more buy-to-let business than at the start of the year as landlords expand their portfolios but increasingly find they cannot raise money – either at all, or quickly enough – from the high street.
The State Bank of India, which announced its launch into the UK residential mortgage market a year ago, is to add a five-year buy-to-let tracker loan to its range.
Long-term renting is now recognised as a perfectly acceptable alternative to buying a home – and British tenants are now thinking like continentals, an expert has said.
Just over half of private landlords are considering taking up the Green Deal initiative, it has been claimed.
More than 1,000 homes lying empty over a long period in a London borough are owned by private landlords.
Ministers have launched a new clampdown on rogue landlords after a dawn raid on ‘beds in sheds’ properties.
Half of landlords (49%) have experienced rental arrears in the last six months and 37% are worried about the likelihood of arrears in the months to come.
Landlords’ confidence in buy-to-let has been bolstered by strong tenant demand – but concerns are growing about the difficulty in raising mortgages and their costs.
Squatting in a residential property becomes a criminal offence from tomorrow in England and Wales.
Fresh warnings have been sounded that ‘many’ Scottish letting agents will go bust as a result of the new tenancy deposit law, with a collective black hole in their accounts that could be as high as £50m – leaving landlords legally accountable.
The Montague Report, which called for mass build-to-rent schemes backed by institutional investors, is a ground-breaker, according to housing minister Grant Shapps
