Take advantage of our discounted landlord insurance ratesIs Kensington Palace the posh model for rented urban housing? https://t.co/6e8EJ6dM8V
— ES Homes & Property (@HomesProperty) January 31, 2018
Wednesday, January 31, 2018
The posh model for rented urban housing
A grim view of renting in Salford
Take advantage of our discounted landlord insurance ratesThem... and us. This is the bleak reality of private renting in 2018 https://t.co/xGDzp3Fb2G #property via @MENNewsdesk
— NALScheme (@NALScheme) January 31, 2018
Bristol landlord fined for 11 tenants in a 3 bed
Take advantage of our discounted landlord insurance ratesLandlord fined for cramming 11 people into three-bed Bristol house https://t.co/wJy4Ch1AoW
— Bristol Post (@BristolPost) January 30, 2018
Landlord Fergus Wilson sues Youtuber
Fergus Wilson has not dropped his wholly groundless claim against my pro bono client Danny Hyde for being rude about Wilson. First hearing tomorrow with @GerardJPClarke pro bono for Danny. Background here https://t.co/fH5TY6bt31
— Nearly Legal (@nearlylegal) January 30, 2018
Delighted that Fergus Wilson's claim against my and @GerardJPClarke client, Danny Hyde, has been dismissed and a costs order for pro bono costs of £3000 made against Wilson. Just a bullying attempt to stop our client saying things Wilson didn't like.
— Nearly Legal (@nearlylegal) January 31, 2018
Take advantage of our discounted landlord insurance ratesQuick but surprisingly long* post on Fergus Wilson v Hyde https://t.co/OxV1P192ts (*once I had included Wilson’s history of legal matters)
— Nearly Legal (@nearlylegal) January 31, 2018
Call to end 'Sex for Rent' practices
Take advantage of our discounted landlord insurance ratesAhead of an @S4C programme exploring the issue, some background story on @Dawn_Bowden calling for the end of ‘sex for rent’ practices - https://t.co/VsAcHVIKS2 #ukhousing pic.twitter.com/YHq3I5Fsn2
— 24housing Magazine (@24housing) January 30, 2018
9 checks when choosing a solicitor
Take advantage of our discounted landlord insurance rates9 checks to make when choosing a solicitorhttps://t.co/5IbxuA8UfM #property #solicitor #zoopla pic.twitter.com/tvV31WAXcS
— Zoopla (@Zoopla) January 27, 2018
Moneyweek podcast discusses BTL
Take advantage of our discounted landlord insurance ratesIn this week's MoneyWeek Podcast, Merryn and John chew over the bad behaviour of the big tech cos; stock valuations and the threat of inflation; and the state of the buy-to-let property market. Plus lots more.. https://t.co/4stL3bQztc
— MoneyWeek (@MoneyWeek) January 29, 2018
Chart of property sales over past 4 years
Take advantage of our discounted landlord insurance ratesNumber of property sales in London fall by 20% in four years - yet new research shows the North West is powering ahead reports @FT @JamesPickford2 @Resi_Analysts https://t.co/TCVGdzKOdX #property #HousingCrisis pic.twitter.com/1FGoF5tIO6
— Claer Barrett (@ClaerB) January 31, 2018
Do I need a BTL mortgage for a tenanted flat?
Take advantage of our discounted landlord insurance ratesDo I need a buy-to-let mortgage to get a flat with tenants still there? https://t.co/M4p6UHjJpN
— Guardian Money (@guardianmoney) January 31, 2018
London's licensing lottery
Take advantage of our discounted landlord insurance ratesNALS warns that London’s licensing lottery could drive landlords from the #PRS https://t.co/AGV2VIagMr
— NALScheme (@NALScheme) January 29, 2018
Tuesday, January 30, 2018
Mortgage lending falls to 3yr low
Take advantage of our discounted landlord insurance ratesUK mortgage lending falls to lowest level since January 2015 https://t.co/6ubGhoziyP
— Guardian Money (@guardianmoney) January 30, 2018
Report calls for more regulation of Airbnb
Take advantage of our discounted landlord insurance ratesAirbnb rentals grew by 50 per cent in London between 2016 and 2017. Today I've released a new report calling for more effective regulation of short-term lets to prevent people turning homes into hotels by the back door https://t.co/fSenazFC9A pic.twitter.com/vQ4n5ds8Rk
— Tom Copley (@tomcopley) January 29, 2018
Detached homes overtake terraces
Take advantage of our discounted landlord insurance ratesDetached homes overtake terraces as highest growing property type https://t.co/5t05RuWBq0
— Telegraph Property (@TeleProperty) January 29, 2018
Borrowers ignoring mortgage timebomb - FCA
Take advantage of our discounted landlord insurance ratesBorrowers ignoring mortgage timebomb, says FCA https://t.co/BooV2vMbvw
— BBC News (UK) (@BBCNews) January 30, 2018
Overseas property buyers to be identified by 2021
Take advantage of our discounted landlord insurance ratesWorld-first register to crack down on criminals laundering dirty money through UK property market to go live by early 2021 https://t.co/a0j0azh4FH
— Property Hawk (@landlordnews) February 1, 2018
The worst tenant in the world?
Take advantage of our discounted landlord insurance ratesLandlord reveals aftermath of worst tenant in the world https://t.co/AXydYic52L
— Metro (@MetroUK) January 30, 2018
Building more homes won't solve crisis
Take advantage of our discounted landlord insurance ratesWhy building more homes will not solve Britain’s #housing crisis | Ann Pettifor https://t.co/zYg08kJhFH pic.twitter.com/lh0Qh3ebKc
— Property PR (@propertypr) January 27, 2018
RLA reflect PRS data - England Housing Survey
Take advantage of our discounted landlord insurance ratesCurated highlights from the England Housing Survey with regards to PRS insights and data https://t.co/bVgF58jzyi #property via @RLA_PEARL @RLA_News
— NALScheme (@NALScheme) January 29, 2018
Listing on Airbnb whilst trying to sell
Take advantage of our discounted landlord insurance ratesThe property market is so slow that an estate agent is listing properties on Airbnb while it waits for a sale https://t.co/ALuj6VRnMI
— Telegraph Property (@TeleProperty) January 29, 2018
I feel like a squatter - PRS tenant
Take advantage of our discounted landlord insurance ratesBottom of the housing ladder: 'I feel like a squatter in my home' https://t.co/x1bQYty04h
— Guardian news (@guardiannews) January 28, 2018
Building boom in regional cities
Take advantage of our discounted landlord insurance ratesBuilding boom in regional cities as demand remains strong https://t.co/eEaLbqVf5l
— Telegraph Business (@telebusiness) January 30, 2018
Platform reduces BTL rates
Platform reduces rates on residential and buy-to-let https://t.co/hMjwGx5t3E— FTAdviser (@FTAdviser) January 29, 2018
10 rental property turn-offs
Take advantage of our discounted landlord insurance rates10 of the biggest property turn offs, according to renters https://t.co/PLvnwirjPM pic.twitter.com/tshVLw3WUD
— House Beautiful UK (@HB) January 29, 2018
London buyers haggling a 4% discount
Take advantage of our discounted landlord insurance ratesLondon buyers are now haggling for a 4% discount https://t.co/ccEycR5QDj pic.twitter.com/R1hVMjAJxF
— Mortgage Introducer (@MortgageChat) January 30, 2018
UK Cities Index - Hometrack price data
Take advantage of our discounted landlord insurance ratesNEW @HometrackGlobal UK Cities Index published - growth +5.4%yoy as regional cities lead growth, 3 cities register price falls and #London slows to +1.8%. #ukhousing #property Read report and sign up here - https://t.co/XT8r0dcgZE pic.twitter.com/wSIguBRLe8
— richard donnell (@richard_donnell) January 30, 2018
Monday, January 29, 2018
Finding how old a house is
Take advantage of our discounted landlord insurance ratesWe’ve got some great tips if you’re interested in trying to find out how old your house is: https://t.co/eCtqIqpBKJ #property pic.twitter.com/Civs0xTCB1
— HM Land Registry (@HMLandRegistry) January 27, 2018
Should I get an Economy 7 meter?
Take advantage of our discounted landlord insurance ratesShould I get an Economy 7 meter in my new home?https://t.co/nABtEHxEe1 #property #energy pic.twitter.com/SmCdVcuySz
— Zoopla (@Zoopla) January 28, 2018
40 migrants squeezed into London HMO
Take advantage of our discounted landlord insurance ratesLandlord crammed 40 Indian migrants into semi-detached London house https://t.co/YT9SiDWSse
— Property Hawk (@landlordnews) January 29, 2018
Eight mistakes landlords make
Take advantage of our discounted landlord insurance ratesAre you a DIY #landlord? Check you're not making any of these eight common mistakes: https://t.co/M4hqUrJKUL pic.twitter.com/gUlDpWAydn
— Reeds Rains (@ReedsRains) January 27, 2018
100,000s living in squalid rentals
Take advantage of our discounted landlord insurance ratesHundreds of thousands living in squalid rented homes in England https://t.co/h3VhGGjF4D
— Property Hawk (@landlordnews) January 29, 2018
Land values report - Savills
Take advantage of our discounted landlord insurance ratesLand values are growing faster than average in the North of England and Scotland - find out what this means for UK housebuilding: https://t.co/YX76A9IIxg pic.twitter.com/zucd0Remy1
— Savills (@Savills) January 29, 2018
Rated People & My Builder - dubious ratings
Take advantage of our discounted landlord insurance ratesRated People and MyBuilder website profiles cause concern https://t.co/2VUjEW1QCQ
— BBC Business (@BBCBusiness) January 29, 2018
London council promises Airbnb crackdown
Take advantage of our discounted landlord insurance ratesA London council is promising a crackdown on excessive Airbnb-style short letting: https://t.co/e7vWUxxhJI
— ES Homes & Property (@HomesProperty) January 28, 2018
RICS response to unfair Leasehold measures
Take advantage of our discounted landlord insurance rates#RICS responds to the new measures announced by the #UK #Government aiming to tackle unfair and abusive practices within the #leasehold systemhttps://t.co/32GrH8SaCi pic.twitter.com/hvQysMeRmJ
— RICS (@RICSnews) January 28, 2018
Sunday, January 28, 2018
Fence blown down - Land Registry advice
Take advantage of our discounted landlord insurance ratesHas the recent windy #weather blown your fence down? Our first piece of advice would be to try and reach an agreement between you and your neighbour. Here's some more advice on our blog https://t.co/ut51iYPDPM @TV3Xpose pic.twitter.com/Qk61JafE7K
— HM Land Registry (@HMLandRegistry) January 25, 2018
Landlords report falling tenant demand
Take advantage of our discounted landlord insurance ratesLandlords report falling tenant demand https://t.co/3GWt2z6koQ
— FTAdviser (@FTAdviser) January 25, 2018
How to get an offer accepted
Take advantage of our discounted landlord insurance ratesLooking to buy a home? We reveal how to have your offer accepted in a competitive market https://t.co/DJzfRzFJ5N
— Which? Money (@WhichMoney) January 25, 2018
Saturday, January 27, 2018
Mansfield new BTL with low ICR:100%
The Mansfield unveils buy-to-let product with an ICR at 100% https://t.co/vFLjFb5OrN pic.twitter.com/Jz9RKK1HsO— Mortgage Introducer (@MortgageChat) January 26, 2018
Connell predicts 3% house price growth
Take advantage of our discounted landlord insurance ratesConnells predicts 3% house price growth in 2018 https://t.co/Kpi8FGT4Ac pic.twitter.com/bl0ki1hrID
— Mortgage Introducer (@MortgageChat) January 24, 2018
Mortgage approvals at a low
Mortgage approvals at a five-year low as the number of London renters hits 30% for the first time https://t.co/6BiGQuQ7XW #ukhousing #london pic.twitter.com/9dMzA3unSU
— Dorian - Belvoir! (@Dorian_Belvoir) January 25, 2018
Take advantage of our discounted landlord insurance ratesLowest mortgage approval figures for nearly 5 years, says UK finance https://t.co/0vnWC4GalX pic.twitter.com/X8HitEpx31
— Brian Milligan (@brianmilli) January 25, 2018
An updated BTL hotspots list
Take advantage of our discounted landlord insurance ratesBuy-to-let hotspots revealed https://t.co/Yo2PDEttm8
— FTAdviser (@FTAdviser) January 26, 2018
9 tips to control mould
Take advantage of our discounted landlord insurance ratesToday we're sharing our 9 tips to control #mould before it controls you.
— EnviroVent (@envirovent) January 25, 2018
Tip 3) Control smoky atmosphereshttps://t.co/cd6oQpA6Wc pic.twitter.com/nb5109Cvsi
Ghost towers - London's empty blocks
Take advantage of our discounted landlord insurance ratesGhost towers: half of new-build luxury London flats fail to sell https://t.co/I47qZUZZwQ #Housing pic.twitter.com/7nrTgkuT4n
— Property PR (@propertypr) January 26, 2018
Affordability test to trap BTL landlords
Buy-to-let landlords could be ‘trapped’ by harsher affordability tests – S&P https://t.co/ltueQKXXxL pic.twitter.com/6UERITnbOj— Mortgage Introducer (@MortgageChat) January 24, 2018
Friday, January 26, 2018
Latest English Housing Survey - PRS still rising
Take advantage of our discounted landlord insurance ratesAnother year, another rise in private renting - now more than 20% of households https://t.co/GcnIzBiIMN pic.twitter.com/lk16wneMSd
— Jules Birch (@jules_birch) January 25, 2018
Latest mortgage lending data - UK Finance
Take advantage of our discounted landlord insurance ratesUK Finance Update on Lending for December 2017 published today: https://t.co/fWyvG926w7
— UK Finance (@UKFtweets) January 25, 2018
Just 12% of landlords want to buy more
Take advantage of our discounted landlord insurance ratesJust 12% of landlords want to buy more properties https://t.co/YH4VY7Zuko pic.twitter.com/D6ziaCgL0U
— Mortgage Introducer (@MortgageChat) January 25, 2018
Housebuilding falls 50% short of target
Annual homebuilding rates less than 50% of Government target https://t.co/DTVbB91WdU #zoopla #housebuilding pic.twitter.com/egKPsT9oDt
— Zoopla (@Zoopla) January 25, 2018
Take advantage of our discounted landlord insurance ratesNew homes fall well short of Government building target https://t.co/0pBOOn48Jl #property
— NALScheme (@NALScheme) January 25, 2018
Nottingham: this year's BTL hotspot
Take advantage of our discounted landlord insurance ratesNottingham now rivalling Liverpool as buy-to-let hotspot https://t.co/Z5eleqPdOh pic.twitter.com/B2zB8xnpyN
— Mortgage Introducer (@MortgageChat) January 26, 2018
Thursday, January 25, 2018
Accord overhauls BTL mortgage range
Take advantage of our discounted landlord insurance ratesAccord overhauls buy-to-let range https://t.co/lkKXBL1gXj
— FTAdviser (@FTAdviser) January 23, 2018
Landmark leasehold case fails to cut extension costs
Landmark leasehold case fails to slash extension costs https://t.co/vwX98pI4cI— Guardian Money (@guardianmoney) January 24, 2018
Mark Chick, ALEP Director and Partner, Bishop & Sewell LLP comments:
"The Association of Leasehold Enfranchisement Practitioners (ALEP) has been eagerly awaiting the outcome in the Appeal of the so-called ‘Mundy’ case, (Mundy v. the Trustees of the Sloane Stanley Estate).
The Court of Appeal has dismissed the appeal made by tenants in this case. The applicants were seeking to argue for a radically different way of calculating relativity, following on from their unsuccessful attempt to encourage the Upper Tribunal to do so in the original decision of that tribunal.
This decision has been much anticipated and there has been a lot of recent comment, suggesting that if the Court of Appeal had sent this case back to the Upper Tribunal that this may have been very good news for leaseholders as there may have been scope to see the tribunals adopting a view of relativity that would have reduced the cost of lease extensions and freehold purchases where leases are under 80 years and marriage value applies.
What is clear is that the decision confirms that the position of leaseholders whose leases are about to fall under 80 years, or have already done so, remains one where action is required. One crucial message that ALEP has striven to get across during its 10 year history, that leaseholders should not let the length of their lease fall below this mark, so the value of the property is protected.
We would therefore encourage anyone in need of professional advice to make contact with ALEP to locate a member who can help them through the complexities of extending their lease or buying the freehold.
Awareness of leasehold is at an all-time high, and today's ruling will further highlight the issue.
"he outcome will no doubt be seen as a blow to those who have been campaigning to see changes in the leasehold system and we cannot ignore the growing ground swell of consumer and political opinion that is now seeking changes to the leasehold system.
However, what is important to note is that, notwithstanding the outcome of the ruling from the Court of Appeal, the government has in the outcome of the recent consultation on ‘Tackling Unfair Practices in the Leasehold Sector’ and other recent announcements indicated that it wants to look at many things, including making it easier for flat owners to enfranchise and also to ‘simplify’ the valuation process. Indeed, the Law Commission is going to be asked to look at this as part of the proposals from government."
Take advantage of our discounted landlord insurance rates
Wednesday, January 24, 2018
40% of renters have no safety net
Take advantage of our discounted landlord insurance ratesRenters at risk of homelessness without safety net https://t.co/2NFQ1b3gcG pic.twitter.com/KXe0GaD9qy
— Mortgage Introducer (@MortgageChat) January 24, 2018
Secure Tenancies (Victims of Domestic Abuse) Bill
Take advantage of our discounted landlord insurance ratesGranting of secure tenancies to domestic abuse victims on the agenda, as #HouseofLords begins line by line check of the #SecureTenanciesBill. See more https://t.co/darYpJrhB6
— House of Lords (@UKHouseofLords) January 24, 2018
Rental data from Yourmove
Rents rise by 2.3% across England and Wales https://t.co/VLsV9XFZoy #property #zoopla pic.twitter.com/GSrGkID53z
— Zoopla (@Zoopla) January 26, 2018
Take advantage of our discounted landlord insurance ratesBiggest rent rise and falls in England and Wales revealed - https://t.co/MxenEfSkNB— Mortgage Solutions (@mortgagesols) January 24, 2018
60% of recent BTL mortgages tipped into loss by tax changes
Take advantage of our discounted landlord insurance ratesBuy-to-let tax changes to tip 60% of recent landlord mortgages into loss – Standard and Po... https://t.co/9byg0iEU0Q
— Mortgage Solutions (@mortgagesols) January 24, 2018
Right to Buy in Wales set to end
Take advantage of our discounted landlord insurance ratesLegislation to end the Right to Buy in Wales has achieved royal assent - https://t.co/v2CWcBdEtm #ukhousing pic.twitter.com/QG9ehhL01h
— 24housing Magazine (@24housing) January 24, 2018
Battersea Power Station sells for £1.6bn
Take advantage of our discounted landlord insurance ratesBattersea Power Station to be sold for £1.6bn https://t.co/j6rZoaN2cS
— Guardian Money (@guardianmoney) January 18, 2018
Skipton cuts BTL rates
Skipton cuts buy-to-let and residential mortgage rates - https://t.co/WmRact7DOH— Mortgage Solutions (@mortgagesols) January 23, 2018
Ground rent: can landlords demand 6 year payment?
Take advantage of our discounted landlord insurance ratesGround rent: can landlords really demand six years’ payments in one hit? https://t.co/KGmvxtAN8I
— Guardian Money (@guardianmoney) January 19, 2018
Property sales holding up
Take advantage of our discounted landlord insurance ratesA total of 1.2 million property sales in the U.K. last year - sales 'held up well' in 2017, say HMRC figures: https://t.co/kPhv2szVMY #uk pic.twitter.com/cXqAsTpweD
— Dorian - Belvoir! (@Dorian_Belvoir) January 23, 2018
London rental index - Homelet
Take advantage of our discounted landlord insurance rates#HomeLet #RentalIndex reveals rents in London increased by 1.0% in December 2017 compared to December 2016; the average monthly rent in the capital now stands at £1,524 a month: https://t.co/qNF5uPh2nx pic.twitter.com/j6WhRZwzAP
— HomeLet (@HomeLet) January 23, 2018
BTL products up 32%
BTL product availability up 32% despite regulatory changes - https://t.co/QTHB38UnU9— Mortgage Solutions (@mortgagesols) January 23, 2018
Luxury London homes over-priced
Take advantage of our discounted landlord insurance ratesWant to sell your luxury London home? Then take £1m off https://t.co/MRA7H3kmoW
— Guardian Money (@guardianmoney) January 24, 2018
Tuesday, January 23, 2018
The Housing Minister has no power
Take advantage of our discounted landlord insurance ratesThe housing minister has no power. So how will he solve the homes crisis? | Jon Mann https://t.co/kDoOtrmBVz
— Guardian Housing (@GuardianHousing) January 23, 2018
The rise of online estate agents
Take advantage of our discounted landlord insurance ratesWhen it comes to estate agents, the future could be purple https://t.co/JSYiDYhGdv
— Guardian Money (@guardianmoney) January 18, 2018
New leasehold rip off : 'sales packs'
Take advantage of our discounted landlord insurance ratesNew leasehold rip-off: how firms charge hundreds of pounds for ‘sales packs’ https://t.co/UhWbAL6F3Z
— Telegraph Money (@MoneyTelegraph) January 19, 2018
HMO yields fall to 8.9%
Take advantage of our discounted landlord insurance ratesHMO yields fall to 8.9% https://t.co/Qj3vHIfdMP pic.twitter.com/z2gpcRkNVu
— Mortgage Introducer (@MortgageChat) January 23, 2018
Peers approve landlord banning orders
Take advantage of our discounted landlord insurance ratesPeers have approved the new banning order regulations set to be brought in on April 6. Read the transcript of the debate here: https://t.co/qHG0zShx3v. #banningorders
— RLA Landlord News (@RLA_News) January 23, 2018
Portfolio landlords struggling to find finance
Take advantage of our discounted landlord insurance ratesPortfolio landlords finding it harder to secure mortgage finance post PRA https://t.co/zip1fuRmG1 pic.twitter.com/RPaytjo2Mu
— Mortgage Introducer (@MortgageChat) January 23, 2018
BTL investors fighting crippling tax rises
Take advantage of our discounted landlord insurance ratesBTL investors committed to the market are finding ingenious ways to fight back against crippling tax rises https://t.co/phEBXIeJSu via @MeadowsOnMoney
— Telegraph Money (@MoneyTelegraph) January 22, 2018
Numbers for Welsh HHSRS assessments
Take advantage of our discounted landlord insurance ratesThe Welsh Government has released data for 2016-17 which shows the number of assessments carried out by local authorities under the HHSRS https://t.co/aBmEYoXB9c pic.twitter.com/NX3BgYdruD
— ARLA Propertymark (@arla_uk) January 23, 2018
Welsh Gov to abandon stamp duty plans
Take advantage of our discounted landlord insurance ratesThe Welsh Government is expected to abandon planned changes to stamp duty rules that would have seen some buyers in the country paying higher bills than their English counterparts. https://t.co/Dg0uWfSZpC
— Telegraph Money (@MoneyTelegraph) January 19, 2018
Self assessment: a tax return guide
Take advantage of our discounted landlord insurance ratesSelf assessment: a step-by-step guide to completing your tax return https://t.co/kBURkurT0q
— Telegraph Money (@MoneyTelegraph) January 22, 2018
UK's capital for 'Right-to-Buy-to-Let'
Take advantage of our discounted landlord insurance ratesThe UK’s capital of ‘right-to-buy-to-let’ landlords https://t.co/FfRcetX2tC
— Guardian Money (@guardianmoney) January 20, 2018
BM solutions offers £500 cashback on BTLs
BM Solutions offers £500 cashback and fixed rates https://t.co/W5oVCY9MYa pic.twitter.com/A7CyXOrp3f— Mortgage Introducer (@MortgageChat) January 23, 2018
Looming remortgage crunch for BTL
Take advantage of our discounted landlord insurance ratesRemortgaging crunch looms for buy-to-let landlords > client @SPFPrivClients comments in Saturday's Financial Times https://t.co/4jdwES6f0j via @financialtimes
— Melanie Bien (@melaniebien) January 22, 2018
Homelet Rental Index - UK rental growth 1.7%
#HomeLet #RentalIndex reveals rents in the UK rose by 1.7% in December 2017 compared to the same month a year ago; the average monthly rent now stands at £907 a month: https://t.co/YFHS8jD0EA pic.twitter.com/8SathxcBeQ
— HomeLet (@HomeLet) January 23, 2018
Take advantage of our discounted landlord insurance ratesRents rise but at slower rate than inflation https://t.co/xRiyIHXQIS pic.twitter.com/UcM5iGTNeR
— Mortgage Introducer (@MortgageChat) January 23, 2018
New mortgage lending increases by 84% at Paragon
- Mortgage lending up 84% to £367 million in first quarter
- Increased share of specialist “portfolio” landlord business
- New mobile technology to support application management
Paragon Banking Group today reported a 65% year-on-year increase in new advances across all business lines to deliver £470 million of new lending in the first quarter of 2018.
Within this total, Paragon’s mortgage lending grew by 84% to £367 million, with buy-to-let advances up 85% to £343 million. Second charge and specialist residential lending grew by 74% to £24 million.
In the buy-to-let market, Paragon’s experience and capability enabled it to increase its share of more specialist, portfolio landlord business despite a backdrop of lower year-on-year lending volumes in the market overall.
This follows the implementation of the PRA’s new requirements for underwriting more complex mortgage applications in September 2017 which led to a realignment of competition with some mainstream lenders exiting the portfolio segment or offering only a limited proposition.
The mix of Paragon’s buy-to-let completions in the quarter included 66% of loans to landlords with more complex portfolios. The impact of the PRA underwriting rule changes from September had a more profound impact on application flows during the quarter, with the mix in the pipeline at 31 December 2017 moving to 79% complex. The pipeline rose from £604 million at 30 September to £619 million at the end of December.
The Group also demonstrated strong progress in its strategy to deliver greater diversification. Paragon grew first quarter commercial lending by 21% to £103 million as it continued to develop of its franchise. Paragon also maintained strong progress in deposit raising, with savings balances exceeding £4 billion at the quarter end, up 98% from £2 billion at 31 December 2016.
John Heron, Managing Director of Mortgages at Paragon comments:
“We are continuing to focus on product and technology developments that will deliver improved products and services to our landlords and intermediaries with the roll-out of new mobile applications and document upload over Q2.”
Monday, January 22, 2018
Welsh Fitness of Human Habitation needs clearer guidelines
Take advantage of our discounted landlord insurance ratesClearer guidelines needed for Welsh Fitness for Human Habitation proposals https://t.co/M6XJhvURHf pic.twitter.com/pktEewxXuA
— ARLA Propertymark (@arla_uk) January 20, 2018
Rental affordability of UK cities
Take advantage of our discounted landlord insurance ratesThe cheapest and most expensive cities to live in are revealed https://t.co/6u0KVjfr9L #property pic.twitter.com/JU6R8bNjZu
— Northwood UK (@northwooduk) January 22, 2018
1 in 5 landlords plan to sell up
Take advantage of our discounted landlord insurance ratesOne in five buy-to-let landlords plan to sell up https://t.co/n2XLPYmqN0
— FTAdviser (@FTAdviser) January 22, 2018
Landlord gas safety checks to get MOT-style flexibility
Take advantage of our discounted landlord insurance ratesMOT-style flexibility for landlord gas safety checks https://t.co/HmB6khyd8q
— NLA (@nationalandlord) January 22, 2018
Airbnb to restrict Edinburgh to 90 day lets
Take advantage of our discounted landlord insurance ratesAirbnb to restrict ‘entire home’ rentals to 90 days in Edinburgh https://t.co/hX6bv1azew via @https://twitter.com/TheNeg
— The Negotiator (@TheNeg) January 22, 2018
Converting commercial property to residential
Take advantage of our discounted landlord insurance ratesHow to convert commercial property into residentialhttps://t.co/MPnpoNmP4T #commercial #property pic.twitter.com/1cuoGj7Nep
— Zoopla (@Zoopla) January 21, 2018
Property market loses further momentum
Take advantage of our discounted landlord insurance ratesProperty market loses further momentum https://t.co/BOpAL9W6Qg #homes #property pic.twitter.com/R7aKHld2W5
— Zoopla (@Zoopla) January 21, 2018
Saturday, January 20, 2018
Fleet launches new 2 year fixed BTL
Fleet Mortgages launches 2-year fix https://t.co/KvOY3OshmO pic.twitter.com/2ePDBeVxa2— Mortgage Introducer (@MortgageChat) January 19, 2018
Friday, January 19, 2018
Prime London rents - Savills report
Take advantage of our discounted landlord insurance ratesDiscover what happened to prime residential rents during 2017 in Savills latest Spotlight report: https://t.co/GeLraWgW8q pic.twitter.com/nzeyfOyNWX
— Savills (@Savills) January 19, 2018
Call to curb the rise of Airbnb
Take advantage of our discounted landlord insurance ratesHere’s how much the number of #Airbnb rentals has increased in London, Birmingham and Liverpool in the last two years- @RLA_PEARL research covered by @BBCNews today https://t.co/OwgLYDW033
— RLA Landlord News (@RLA_News) January 19, 2018
Fitness for Human Habitation Bill passes second reading
Take advantage of our discounted landlord insurance ratesThe Fitness for Human Habitation Bill inches ever closer to statute having passed its second reading in the Commons - https://t.co/jyBEDZAdDi #ukhousing pic.twitter.com/0JueF4S8OY
— 24housing Magazine (@24housing) January 19, 2018
Thursday, January 18, 2018
Housing activity stagnates
Take advantage of our discounted landlord insurance ratesHousing activity stagnates despite stamp duty cut https://t.co/7AZCZPpXWL pic.twitter.com/Ergk6JEbF2
— Mortgage Introducer (@MortgageChat) January 18, 2018
New version - Gov's 'How to Rent' guide
- what to look out for before renting
- living in a rented home
- what happens at the end of a tenancy
- what to do if things go wrong
Take advantage of our discounted landlord insurance rates
Condition of Private Rented Homes - Gov Report
Take advantage of our discounted landlord insurance ratesWhat do we know about the condition of private rented homes? Our blog post explores the data https://t.co/LvpYuwWtQX pic.twitter.com/1fjWTEZrbf
— Commons Library (@commonslibrary) January 17, 2018
UK housing market set for a bumpy ride
Take advantage of our discounted landlord insurance ratesUK housing market set for a bumpy ride https://t.co/6fV0OBiplp
— Property Hawk (@landlordnews) January 17, 2018
Foreign owners of UK property to be revealed
Take advantage of our discounted landlord insurance ratesMay to set timetable to reveal foreign owners of UK property https://t.co/vmJFmrKmB1
— Property Hawk (@landlordnews) January 17, 2018
The best excuses for missing tax deadline
Take advantage of our discounted landlord insurance rates'My wife was seeing aliens and wouldn't let me in the house' HMRC releases top excuses for missing tax deadline https://t.co/1OV0y8ygb1
— Telegraph News (@TelegraphNews) January 17, 2018
Why Britain's BTL boom is over - Economist
Take advantage of our discounted landlord insurance ratesWhy Britain’s buy-to-let boom is over https://t.co/FROsD1tBMV
— The Economist (@TheEconomist) January 18, 2018
Hinckley & Rugby BS new BTL range
Hinckley & Rugby launches discounted buy-to-let range https://t.co/KM16LomqzW pic.twitter.com/ChAyc6QtqK— Mortgage Introducer (@MortgageChat) January 17, 2018
Wednesday, January 17, 2018
3 in 5 applications from portfolio landlords
Take advantage of our discounted landlord insurance ratesThree in five Fleet applications from portfolio landlords https://t.co/2BK1S78d1u pic.twitter.com/SEN4fP7G2v
— Mortgage Introducer (@MortgageChat) January 17, 2018
Glasgow rents surpass Scottish average
Take advantage of our discounted landlord insurance ratesCitylets Q4 17 report is out. Glasgow rents surpass Scottish national average. @arla_uk @CIHScotland @HFSnicola @danc00ks0n @AC_Aberdeen @CountrywideUK https://t.co/AyrxP0Gt8A pic.twitter.com/4S6qUWn1lc
— Citylets (@Citylets) January 17, 2018
Government support for further tenant rights
Take advantage of our discounted landlord insurance ratesThe Housing Secretary confirms government support for new legislation to help ensure rented homes are safe by giving tenants the right to take legal action when landlords fail in their duties https://t.co/VUZx5JIohw
— ARLA Propertymark (@arla_uk) January 17, 2018
Experian launch rent payment database
Take advantage of our discounted landlord insurance ratesExperian launches rent payment database to help tenants build credit history - https://t.co/QTzK6iGMmH
— Mortgage Solutions (@mortgagesols) January 17, 2018
NLA in support of Human Habitation Bill
Take advantage of our discounted landlord insurance ratesNLA welcomes Government support for @KarenPBuckMP Fitness for Human Habitation Bill, which has its Second Reading this Friday https://t.co/aKmOOIPrcr pic.twitter.com/0WVx8QzFUm
— NLA (@nationalandlord) January 15, 2018
1 in 10 tenants have fire risk concerns
Take advantage of our discounted landlord insurance ratesOne in 10 renters have fire risk concerns, a new poll finds https://t.co/v2OJ35sy1n pic.twitter.com/Ar92oA5BRB
— ARLA Propertymark (@arla_uk) January 16, 2018
Habitable Homes Bill could change lives
Take advantage of our discounted landlord insurance ratesThe habitable homes bill could transform lives. MPs must back it https://t.co/xFjQPBFFv5
— Guardian Money (@guardianmoney) January 17, 2018
Latest UK Mortgage Market data
Take advantage of our discounted landlord insurance ratesMortgage Market activity bouyant during November 2017 reveals UK Finance data, out today. View the full release here: https://t.co/7o2aAnOfzs
— UK Finance (@UKFtweets) January 16, 2018
Europe's most expensive city for rents
Take advantage of our discounted landlord insurance ratesLondon named 'most expensive city' in Europe to rent for third year in a row https://t.co/VAxcT6n6b2
— Telegraph Property (@TeleProperty) January 17, 2018
Look beyond the obvious - BTL investments
Take advantage of our discounted landlord insurance ratesHousing your money: Buy-to-let landlords should look beyond the obvious for opportunities in 2018 https://t.co/uOUloWWjIB
— Dorian - Belvoir! (@Dorian_Belvoir) January 17, 2018
Tuesday, January 16, 2018
Ban on credit card surcharges
Take advantage of our discounted landlord insurance ratesFrom today, you’ll no longer face a card #surcharge 💳 when shopping online or at the shops. 🛒 Retweet to spread word! 👍
— HM Treasury (@hmtreasury) January 13, 2018
👉 https://t.co/VmeUs13bPK pic.twitter.com/A0W6orRQSt
The London landlord exodus
Take advantage of our discounted landlord insurance ratesLandlord exodus revealed as stock of London rental properties drops by 21% https://t.co/mFfH6A0QAt via @https://twitter.com/TheNeg
— The Negotiator (@TheNeg) January 16, 2018
Landbay relaxes portfolio stress tests
Take advantage of our discounted landlord insurance ratesLandbay relaxes portfolio stress testshttps://t.co/5rZNjGIr51
— Mortgage Strategy (@MortgageStrat) January 16, 2018
Gap between resi and BTL activity widens
Take advantage of our discounted landlord insurance ratesGap between residential and buy-to-let activity widens https://t.co/xabUDPDZI7 pic.twitter.com/6o82DmTseq
— Mortgage Introducer (@MortgageChat) January 16, 2018
Letting fees ban postponement gives industry time to prepare
Take advantage of our discounted landlord insurance rates“The industry now has a realistic time scale in which to plan ahead."
— The Property Redress (@PropertyRedress) January 16, 2018
Sean Hooker, on the letting fee ban postponement.
Read the full article here >> https://t.co/APwhXRVtfE pic.twitter.com/CaCtn3iIEN
RICS response to proposed leasehold measures
Take advantage of our discounted landlord insurance rates#RICS responds to the new measures announced by the #UK #Government aiming to tackle unfair and abusive practices within the #leasehold systemhttps://t.co/32GrH8SaCi pic.twitter.com/bWENuUU73U
— RICS (@RICSnews) January 16, 2018