Latest News
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CHL Mortgages Cuts BTL Rates
CHL Mortgages, a specialist lender, has recently announced significant rate cuts across various mortgage products. They have introduced attractive rate reductions for both individual landlords and limited companies. Notably, two-year fixed-rate deals now start at a lower rate of 5.40%, marking a decrease of 35 basis points (bps). Additionally, five-year fixed-rate offers are even more…
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Mortgage Rates Cause Drop in Landlord Borrowing
Research conducted by Octane Capital, a specialist property lending firm, highlights a decrease in borrowing among buy-to-let landlords. This trend is directly linked to the increase in mortgage interest rates. In the span of a year, from Q3 2022 to Q2 2023, there was a substantial reduction in borrowing by approximately £7 billion. This decrease,…
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Maximise Your Buy-to-Let Investment: Highest Yielding Areas
In recent times, the buy-to-let market has experienced significant changes. Landlords are now facing higher rates when remortgaging, alongside a reduction in mortgage interest relief. Additionally, a slowdown in house price inflation is impacting the capital growth that was once a staple of property investment. Despite these challenges, opportunities still exist, but it requires careful…
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Drop in Two-Year Fixed Mortgage Costs: Is It Time to Fix?
The recent trend in the UK housing market has seen a notable decrease in the rates for two-year fixed mortgages, dipping below 5% for the first time in five months. This shift sparks a critical question for prospective property investors and homeowners: Is now the ideal time to secure a fixed mortgage, or should one…
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Inconsistencies in London Build to Rent
In recent years, the Build To Rent (BTR) sector in London has become a significant aspect of the city’s property market. However, a new report by national consultants Lichfields has raised concerns about the challenges and inconsistencies faced by this sector due to varying local council policies in London. Understanding Build To Rent (BTR) Before…
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Unlocking the Potential of Green Mortgages in the UK
Green mortgages are a concept that emerged as a promising tool to steer the UK economy towards a more sustainable and energy-efficient future. Despite high expectations, the journey towards realizing their full potential has been slower and more complex than initially anticipated, an article in the Financial Times suggests. The Genesis of Green Mortgages Around…
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The Mortgage Works Cuts Buy-to-Let Rate
The Mortgage Works, a division of Nationwide that focuses on buy-to-let mortgages, has announced a significant reduction in its interest rates for both new and existing landlord customers. This change, effective from 15 November, represents a strategic shift in the mortgage landscape for property investors. Reduction in Two-Year Fixed Rates The Mortgage Works has reduced…
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More Mortgage Rate Cuts from Major Lenders
The UK mortgage market is currently experiencing significant changes, with major lenders like Halifax, HSBC, and First Direct making notable adjustments to their rates. In the last two months, we’ve seen a substantial drop in the cheapest five-year fixed mortgage rates – from just over 5% to nearly 4.5%. This trend is a result of…
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UK Commercial Property Market in 2024: Buying Opportunities Ahead?
The UK’s commercial real estate landscape is poised for significant changes in 2024, according to Landsec, one of the UK’s largest property landlords. Landsec, with a £10bn property portfolio that spans shopping centres, urban developments, and London offices, reported a 3.6% decline in the value of its assets in the six months leading up to…
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More Mortgage Choices for Smaller Deposits
A recent development in the UK mortgage market is the increase in the availability of mortgages with a high loan-to-value (LTV) ratio, particularly those at 95% LTV. According to the latest Moneyfacts UK Mortgage Trends Treasury Report, the number of 95% LTV mortgage deals has risen to its highest since before the fiscal announcement made…