News

Happy New Year!

Happy New Year!

We would like to take this opportunity to wish all of our new and existing clients a Happy New Year! We look forward to helping everyone achieve their 2020 property goals! To find out how we could help you become a homeowner or save you money on your current mortgage...

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Virgin Money loosens buy-to-let affordability tests

Virgin Money loosens buy-to-let affordability tests

Virgin Money has changed the stress test rates this week when assessing affordability for buy-to-let mortgages! The interest stress test rate is being reduced from 5% to 4.5% on fixed rate products of 5 years or over. The required rental cover remains at 145%  ...

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First Time Landlord Products Increase

First Time Landlord Products Increase

According to new data published by Moneyfacts, Mortgage products for first-time landlords have reached a new high and the UK has seen the biggest year-on-year leap for October ever recorded.   297 more first-time landlords products have been launched over the...

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Mortgage Approvals up in 3.2% in August

Mortgage Approvals up in 3.2% in August

UK Finance reports that mortgage approvals remained strong in August 2019 with annual increases across both purchase and remortgage figures. In total there were 85,931 mortgages approved by the main high street banks in August 2019.The data shows that mortgage...

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Bank of England Base Rate held at 0.75%

Bank of England Base Rate held at 0.75%

The Bank of England’s Monetary Policy Committee have voted unanimously this week to maintain the Bank of England Base Rate at 0.75% which has been set at this rate since August 2018.   Much of the MPC's notes from the meeting focused on the increased Brexit...

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Leeds Building Society raises max BTL LTV to 80%

Leeds Building Society raises max BTL LTV to 80%

Interested in investing in a buy to let property but don't have 25% deposit? Leeds Building Society are raising their maximum buy to let LTV to 80%!   It was announced this month the Leeds Building Society are raising their maximum loan to value for buy to let...

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NatWest removes assumed costs from BTL calculator

NatWest removes assumed costs from BTL calculator

NatWest Intermediary Solutions has updated its buy to let calculator this month to no longer use assumed letting agency costs for higher rate tax payers and to instead use actual costs in a bid to ensure those who are not paying letting agency fees won't be impacted....

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Landlord Insurance – Are you covered?

Landlord Insurance – Are you covered?

Rental properties are a great source of income when things are going well. But unless you have specialist Landlord’s Insurance in place to protect your buildings and contents, there’s a very real chance you could find that you aren’t eligible to make a claim when you...

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