Take advantage of our discounted landlord insurance ratesCoronavirus: Pent-up demand 'leading to quicker home sales' https://t.co/ZJIaWSBlE8
— BBC Business (@BBCBusiness) August 26, 2020
Thursday, August 27, 2020
Pent-up demand leads to quicker sales
Coronavirus Rules for Eviction Claims
Take advantage of our discounted landlord insurance ratesThe New Coronavirus Rules for Eviction Claims - https://t.co/uKnVeJcxM0 #landlordlaw pic.twitter.com/YzS4Ma20dO
— Tessa Shepperson (@TessaShepperson) August 26, 2020
Homes selling more quickly: Zoopla
Take advantage of our discounted landlord insurance ratesHomes are selling more quickly post-lockdown, and 3-bed homes are selling the fastest. House prices remain up 2.5% on the year. Find out more from Zoopla House Price Index https://t.co/RF136dbC7r #data #houseprices pic.twitter.com/pB0l1LnEeV
— Gráinne Gilmore (@grainne_gilmore) August 27, 2020
Property sales go into overdrive
Take advantage of our discounted landlord insurance ratesThe speed of the property market has gone into overdrive with British homes selling in just 27 days – two weeks faster vs this time last year, according to @Zoopla.
— Telegraph Property (@TeleProperty) August 27, 2020
Sales agreed per agent in August was also 76% above the average for the past five years https://t.co/F2hDtZcasb pic.twitter.com/4REBsFOOaQ
Tuesday, August 25, 2020
BTL: does the income case still stack up?
Take advantage of our discounted landlord insurance ratesBuy-to-let: does the income case still stack up? https://t.co/VzLj9vKVaN
— Investors Chronicle (@IChronicle) August 23, 2020
Tower block guide for raising safety issues
Take advantage of our discounted landlord insurance ratesGuide for tenants on raising safety issues in tower blocks published https://t.co/H2nzsMYbCP #ukhousing pic.twitter.com/IxPatG9Oe1
— Inside Housing (@insidehousing) August 25, 2020
Monday, August 24, 2020
Should I sell my BTL?
Take advantage of our discounted landlord insurance ratesIs it worth keeping my buy-to-let property, or should I sell? https://t.co/ufb6sGBujd
— Guardian Money (@guardianmoney) August 24, 2020
Accord ups max BTL product transfer
Take advantage of our discounted landlord insurance ratesAccord ups max BTL product transfer LTV to 80%https://t.co/2O7o4BbOLP
— Mortgage Strategy (@MortgageStrat) August 24, 2020
Tenants need greater legal protection
Take advantage of our discounted landlord insurance ratesTenants urgently need greater legal protection, warn campaigners https://t.co/QrQZKEYwN3
— Guardian Money (@guardianmoney) August 22, 2020
Rental markets at risk of collapse
Take advantage of our discounted landlord insurance ratesMapped: the rental markets at risk of collapse when furlough ends | @MariannaHunt5 https://t.co/1XTA40Trlz pic.twitter.com/XyVmgj7OyA
— Telegraph Property (@TeleProperty) August 24, 2020
Bailiffs return to chase pre-Covid debts
Take advantage of our discounted landlord insurance ratesCoronavirus: Bailiffs return to chase pre-Covid unpaid debts https://t.co/z65f3S81za
— BBC Business (@BBCBusiness) August 24, 2020
Advice for landlords during lockdown
Take advantage of our discounted landlord insurance ratesThe government has extended its eviction ban until 20 Sep. Not sure where this leaves you? Here's our updated coronavirus guide for landlords, followed by our guide for renters. | @Lees_Martina https://t.co/QhIF1WqZED
— Times Property (@TimesProperty) August 24, 2020
Friday, August 21, 2020
Govt u-turn on eviction ban
Take advantage of our discounted landlord insurance rates🚨 BREAKING: The Government has extended the eviction ban for another month in a last minute U-turnhttps://t.co/JHRyYF5B6W
— The Telegraph (@Telegraph) August 21, 2020
Eviction ban - Changes - LATEST
So you thought that things were finally going to get back to normal and that landlords were at long last able to seek possession for their buy-to-let property. ... Think again!
The yoyo government has added another to it's long list of stop start about face manoeuvres.
Eviction ban extended until 20th September
Most landlords were looking forward to having at least the option of being able to start possession proceedings but a last minute change of heart by Ministers has put back the date until 20th September putting added pressure on some landlords who are without rent but are still required to pay for the buy-to-let mortgage.
What both landlords and tenants need is clarity...something sadly missing from most Government announcements in this current environment.
Eviction ban extended - 'unacceptable' NRLA
Take advantage of our discounted landlord insurance ratesBREAKING: The ban on evictions has now been extended until September 20. The NRLA says such a move is 'unacceptable' and is calling for a package of financial support for landlords: https://t.co/pExLWcEynK
— NRLA - National Residential Landlords Association (@NRLAssociation) August 21, 2020
Eviction ban extended by a month
Eviction ban ‘to be extended by a month’ in England https://t.co/AhGnRB3ucj
— BBC Politics (@BBCPolitics) August 21, 2020
Take advantage of our discounted landlord insurance ratesWhat does this mean for the future?
— Shelter (@Shelter) August 21, 2020
Read more about our view on the ban being extended, and what else needs to happen to protect renters: https://t.co/lIw2r3wv2V
TSB increases BTL stress rate to 5.5%
Take advantage of our discounted landlord insurance ratesTSB increases BTL stress rate to 5.5%https://t.co/6TcfBkYogb
— Mortgage Strategy (@MortgageStrat) August 20, 2020
Thursday, August 20, 2020
Concerns over eviction restart
Take advantage of our discounted landlord insurance ratesWhile renters welcomed a ban on evictions, some property owners say they are now owed thousands of pounds and have not been paid any rent in over a year | @newlands_chris https://t.co/5JNn9ifl2h
— i newspaper (@theipaper) August 19, 2020
Airbnb stock market launch back on
Take advantage of our discounted landlord insurance ratesAirbnb puts stock market launch back on the table https://t.co/QstsAVtKaY
— BBC Business (@BBCBusiness) August 20, 2020
Does BTL still stack up?
Take advantage of our discounted landlord insurance ratesBuy-to-let: does the income case still stack up? https://t.co/0wrSqqH5OL
— Investors Chronicle (@IChronicle) August 20, 2020
Londons discounted rental areas
Take advantage of our discounted landlord insurance ratesWhere to find the biggest discounts https://t.co/aM50tGhdU8
— Homes & Property (@HomesProperty) August 20, 2020
BTL activity rebounds
Take advantage of our discounted landlord insurance ratesLandlords stage a comeback as buy-to-let activity reboundshttps://t.co/UZkv3Ot0tE
— Mortgage Strategy (@MortgageStrat) August 20, 2020
Wednesday, August 19, 2020
Dealing with subsidence
Take advantage of our discounted landlord insurance ratesHere is everything you need to know to detect, prevent and correct subsidence from property claims experts @TotalLandlord https://t.co/fh9IvwSYsx pic.twitter.com/rA7f0HvhaZ
— NRLA - National Residential Landlords Association (@NRLAssociation) August 18, 2020
Latest UK House Price Index
Take advantage of our discounted landlord insurance rates🏠 April 2020 UK House Price Index: The average #propertyprice for April is £234,612 in the #UK🇬🇧. Monthly UK #HousePrices fell 0.2% since March 2020 https://t.co/1lsnNcQfEi pic.twitter.com/ejXgRIrrDT
— HM Land Registry (@HMLandRegistry) August 19, 2020
Tuesday, August 18, 2020
Housing market mini-boom
Take advantage of our discounted landlord insurance rates.@MTFinance @jeremyleaf comment via @CityAM https://t.co/nCqbvV97xh
— Melanie Bien (@melaniebien) August 17, 2020
BTL product choice falls
Moneyfacts: BTL product choice falls month-on-month in August https://t.co/WE5QJ437Es
— Mortgage Introducer (@MortgageChat) August 18, 2020
Take advantage of our discounted landlord insurance ratesBuy-to-let mortgage rates falling but so is product choice – Moneyfacts - https://t.co/k4Qb25KjdG The number of buy-to-let (BTL) mortgages has fallen over the last month reduc... pic.twitter.com/J5x2bXcGJu
— Mortgage Solutions (@mortgagesols) August 18, 2020
Loans to pay off rent arrears for Welsh tenants
Take advantage of our discounted landlord insurance ratesICYMI: Loans to pay off rent arrears built during the Covid-19 pandemic will now be available to tenants in Wales, following a campaign by the NRLA. https://t.co/uxcWMNLKSS pic.twitter.com/KjrlCoMgUx
— NRLA - National Residential Landlords Association (@NRLAssociation) August 17, 2020
Mayor stokes tenant/landlord tension
Take advantage of our discounted landlord insurance ratesMayor Stoking Tensions Between #Tenants and #Landlords @NRLAssociation https://t.co/kAmVeOXHGZ
— Property4Media (@property4media) August 18, 2020
What rights does a tenant have who is unable to move in because the previous tenants refuses to leave?
Take advantage of our discounted landlord insurance ratesWhat rights does a tenant have who is unable to move in because the previous tenants refuses to leave? - https://t.co/T5HuDSbyLz #landlordlaw pic.twitter.com/7fBA3EvYnN
— Tessa Shepperson (@TessaShepperson) August 18, 2020
Foundation Home Loans cuts rates
Take advantage of our discounted landlord insurance ratesFoundation Home Loans cuts rates on five-year BTL fixes https://t.co/cvGWdoo1Sq
— Mortgage Strategy (@MortgageStrat) August 18, 2020
Monday, August 17, 2020
Shock horror – mortgage holidays bite back
The option of
arranging a mortgage holiday on buy-to-let properties during the pandemic was a
supportive measure introduced by the government and buy-to-let lenders. The
possibility of deferring up to 6 months’ payments was meant to help landlords
if their tenants were struggling to pay rent due to the impact of Covid-19.
Landlords
were reassured that arranging a mortgage holiday would not negatively affect
their credit score, leading most to believe that it would not impact on their
ability to obtain further finance on their buy-to-let investments.
However,
many landlords have since found out that taking out a mortgage holiday has made
getting a new buy-to-let mortgage more difficult. Jane Simpson at Property Hawk
Mortgages says:
“Although applying for a mortgage holiday will not
affect a customer’s credit file, lenders may reasonably ask why it was needed.
As they assess the risk of lending to an applicant, lenders will want
reassurance that there aren’t any existing financial issues with the property,
portfolio or business in question.
Lenders may not take such a lenient
view of applicants who have applied for a buy-to-let mortgage holiday during
the crisis as this could be interpreted as demonstrating underlying cash flow
issues with management of the property.This may make it more complicated for those who
have taken a mortgage holiday when they seek further finance.”
This seems a harsh state of affairs for
landlords who applied for a mortgage holiday in good faith to protect their
buy-to-let investments and under the impression that it would not harm their
business.
To discuss your options with a buy-to-let
mortgage expert, please call our support team and we will be happy to help you.
CALL NOW ON 029 2069 5446
Property Hawk Mortgages is here to help you make sense of all your buy-to-let mortgage options and to offer our experience and expertise to support you in finding the right product to meet your needs.
Use our free online mortgage search tool at Property Hawk Mortgages
Call us now on 029 2069 5446
Property Hawk Mortgages has launched its new website
We are excited to announce the launch of
our new mortgages website at www.propertyhawkbtlmortgages.co.uk
with lots of useful features to help you find the perfect buy-to-let mortgage to
suit your individual requirements:
·
Latest news and articles - learn about the latest trends in the
buy-to-let mortgage market and get tips on how to find the most competitive financial
solutions.
·
Easy navigation- the new look website has a modern design and user-friendly
layout to help you find the information you are looking for.
As a buy-to-let investor, you will know that finding the right mortgage can sometimes be a complex process and that securing the best buy-to-let mortgage rate for your particular circumstances may save you thousands of pounds over the period of the loan.
It’s an important decision for any landlord, but the buy-to-let market can be a bewildering place with literally hundreds of different rates to choose from. So how do you know which product to select?
Property Hawk Mortgages is here to help you make sense of all your buy-to-let mortgage options and to offer our experience and expertise to support you in finding the right product to meet your needs.
Use our free online mortgage search tool at Property Hawk Mortgages
Call us now on 029 2069 5446
Thursday, August 13, 2020
Recession not spooking agents ...yet
Take advantage of our discounted landlord insurance ratesUK recession is not spooking estate agents yet https://t.co/phNW7aFt7m
— Tom Bill (@TomBill_KF) August 12, 2020
Housing Outlook - Resolution Foundation
Take advantage of our discounted landlord insurance ratesNEW REPORT: House prices are projected to fall in the wake of the coronavirus crisis – but falling incomes and more restrictive lending look set to make buying a home for the first time every bit as difficult as before the crisis: https://t.co/TiKIiHl9H1
— Resolution Foundation (@resfoundation) August 13, 2020
Less than 5% of tenants in arrears
Take advantage of our discounted landlord insurance ratesCoverage in @YourMoneyUK of new research for the NRLA. In an independent poll of tenants, the vast majority said they are paying rent as normal or have come to a payment arrangement with their landlord during the pandemic.
— NRLA - National Residential Landlords Association (@NRLAssociation) August 13, 2020
Read more: https://t.co/LbIhFt8lma
Latest Land Registry price data
Take advantage of our discounted landlord insurance ratesThe UK House Price Index will be returning with the April 2020 on 19 August 2020 #UKHPI #property #houseprices https://t.co/015VTLcIu2 pic.twitter.com/BDjv05TXv4
— HM Land Registry (@HMLandRegistry) August 13, 2020
Monday, August 10, 2020
KF Market Outlook - August
Take advantage of our discounted landlord insurance ratesResidential Market Outlook: 10 August 2020 https://t.co/dzbELsUlXB
— Tom Bill (@TomBill_KF) August 10, 2020
The end of low rate mortgages?
Take advantage of our discounted landlord insurance ratesEra of low rate mortgages may be ending: Moneyfactshttps://t.co/nKV8vbpMdD
— Mortgage Strategy (@MortgageStrat) August 10, 2020
Landlords turn to staycation holiday lets
Take advantage of our discounted landlord insurance ratesLandlords are capitalising on rising demand for UK holidays by investing in properties targeted at domestic tourists, according to @KnowledgeBankUK.
— Telegraph Property (@TeleProperty) August 10, 2020
It also found many landlords looking to expand their portfolios to take advantage of the stamp duty break https://t.co/GcjBtxpNyb
Managing rent arrears -video guide
Take advantage of our discounted landlord insurance ratesManaging rent arrears: Your video guide | NRLA https://t.co/aecwbSc0Zl
— TDS (@TenancyDeposits) August 8, 2020
Latest DPS Rent Index
Take advantage of our discounted landlord insurance ratesIs the rental market returning to normal after lockdown? We have some promising stats in the latest DPS Rent Index. See for yourself. https://t.co/RsaCjhxK3v pic.twitter.com/4Efi7CHAmG
— The DPS (@The_DPS) August 10, 2020
House prices hit record high
Take advantage of our discounted landlord insurance ratesUK house prices hit a new record high – can it last? https://t.co/J24eUcSyT4 pic.twitter.com/BeucWAzFkk
— MoneyWeek (@MoneyWeek) August 7, 2020
Holiday lets - tips for finance
Holiday let investments
Holiday lets have become a popular choice for landlord clients in recent years. A rising increase in Brits holidaying at home in the UK has generated the rental demand and increased mortgage options are now available for those looking for a unique investment opportunity.
Sourcing holiday let mortgages is slightly different from regular buy-to-let and there are certain points to check with your clients at the outset:
- Location – most lenders will expect the property to be in a prime holiday destination for example Cornwall, Devon and Brighton.
- Rental coverage – some lenders will need a local Holiday Letting Agent letter to confirm anticipated rent in low, medium and high season. An average of these will then be used in the calculation.
- AirBnB – TBMC works with a number of lenders that offer finance on holiday let advertised and run as a AirBnB. Further location restrictions may apply to these properties and those using elements of ‘serviced accomodation’, which is common amongst AirBnBs, should also be checked with the potential lender.
- Parks and covenants – some holiday let properties have restrictions on how they can be used and let too which may affect the number of lenders to choose from.
This is an area of buy-to-let finance that seems to be gaining interest, with several specialist lenders recently extending their propositions to include options for holiday lets.
Property Hawk Mortgages is a specialist in the buy-to-let mortgage market. We have a wealth of knowledge and are dedicated to helping UK landlords find the best financial products and services available to them.
Use our free online mortgage search tool at Property Hawk Mortgages
Please let us know how we can support you, we are here to help.
Call us now on 029 2069 5446