News

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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Lender’s Cut BTL Rates!

Lender’s Cut BTL Rates!

Leeds Building Society are just one of the lenders who have recently announced they are cutting some of their BTL mortgage rates - Click here for the full article by the Financial Reporter announcing the cuts. Other lenders such as Foundation Home Loans and Leek...

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NE EXPO!

NE EXPO!

NE EXPO! Last week the team at Best Buy to Let (under our residential GTP Mortgage banner) attended the NE Expo at Newcastle Falcons Stadium at Kingston Park. The event is the ultimate business trade show and exhibition across the region and included over 200...

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HMRC Loses Stamp Duty Case

HMRC Loses Stamp Duty Case

FT Advisor reports a couple has recently won an appear against HMRC as the tax tribunal ruled the couple did not have to pay the higher stamp duty charge as the property could not be immediately lived in.   The pair had purchased the property via a company...

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