Prospects for Property Investors After Bank of England Clampdown on Buy to Lets
Some recent changes are already hitting landlords hard, others will soon. Here we look at the available options in what for many buy to let investors are troubling times.
Stress for some as Barclays applies buy to let mortgage rate change
With the recent industry congratulations on the success of buy to let mortgages, it is not surprising that Barclays has announced to change its buy to let mortgages against a higher rate of 5.79% albeit just to stress test. A spokesperson from the bank commented…
The Misery That Banks Cause
Following on from the reports in the press last week about Chris and Denise Tudor-Whelan, I have coincidentally met five separate people recently who have been ruined by the banks for no good reason. These people once had very successful solid property businesses – all…
The difficulties of taking that 1st step onto the UK housing ladder
Regardless of the struggles prospective homeowners are currently facing to secure a mortgage and find the right property at the right value, it is safe to say that most British households, as has long been the case, aspire to own their own home. However, the…
Could a supermarket become a supermortgage provider?
Have we just seen another example of the nation’s disillusionment with big banks with the launch of leading supermarket, Tesco’s, own variety of mortgages? We think so, and we also think it represents a growing rebellion against those banks by large and small institutions, as…
Can you blame people for thinking differently?
Moneyfacts reveals that there has been a considerable fall in buy-to-let property investment mortgages, the number of products now available is less than a fifth of those on offer five years ago. There are now 411 prime product buy-to-let deals compared with 459 a year…