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Monday, September 28, 2020

Movers more likely to buy than FTBs

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Is the housing market likely to bust?

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Commercial property - unpaid rents warning

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Home movers to overtake FTBs in 2020

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Friday, September 25, 2020

Minimising student HMO Covid risk

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Why have house prices shot up since the 1990s?

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Thursday, September 24, 2020

Repossessions could take 18 months

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Monday, September 21, 2020

Eviction cases resume after 6 month ban

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A boost to buy-to-let activity

There are encouraging signs in the buy-to-let market that it is making a recovery since the housing marketing opened up at the beginning of May with the return to visual inspections in England. Since then we have seen a flurry of activity from lenders as they reassess their buy-to-let mortgage propositions in response to greater demand and competition. This has resulted in more products being offered, better rates, higher LTVs,increased maximum loan sizes and many other criteria tweaks that reflect the growing confidence among both lenders and landlords.

There are other factors that have come about as a result of Covid-19 that may also help the buy-to-let sector to rebound and provide a boost to mortgage business for intermediaries. The temporary change to stamp duty on properties valued up to £500,000 was predicted to create a surge in buy-to-let purchase applications and there is evidence that this has started to happen since the measure was announced in July.


At our business, since the end of July, the percentage of enquiries about mortgages for buy-to-let purchases has risen to around 72 percent compared with just below 50 per cent during the month of June. This is a significant change and indicates a renewed level of purchase activity from landlords. A recent poll carried out by Cherry, a mortgage adviser forum, showed that over half of brokers had experienced increased buy-to-let business with nearly 30 per cent reporting an increase in individual purchases and 27 percent reporting an increase in limited company purchases.

There is clearly a pent-up demand from landlords who may see now as the perfect time to expand their portfolios and take advantage of good opportunities with more properties available on the market and vendors eager to make a deal. The pandemic situation has also curbed people’s spending and provided an opportunity to save over the last 5-6 months, savings which could now be used as deposits for new property investments. With savings rates so low – around 40 per cent of easy access accounts are earning 0.1 percent or less - investing in property may be an even more attractive option; Halifax reported an average rise in property values of 1.6% in the month of July.


As the coronavirus remains in the UK and as the economy tries to recover, the number of income and job losses has been staggering and the damaging effect on many people’s livelihoods is hard to witness. It is difficult to predict how the next 6 months will unfold and what new job opportunities will develop for those looking for work. It may result in people becoming more mobile and perhaps relocating to new areas to gain employment. This could increase demand for rental accommodation from new tenants including those who don’t want to commit to purchasing property in a different area.

Covid-19 has had a dramatic effect on UK workplaces with an increasing number of staff working from home. This trend may become the new norm as businesses recognise the potential benefits of home working. This may also impact on the type of properties that tenants require – perhaps seeking extra rooms to accommodate a home office.

What is clear is that as we recover from the impact of the pandemic, tenant demand for rental property remains strong and that landlords are keen to grow their property businesses.

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

Visit www.propertyhawkbtlmortgages.co.uk 

Wednesday, September 16, 2020

Foundation pulls two-year BTL products

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Average FTB home rises 2.9%

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London rent controls will be a disaster

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Latest UK Property Price Index

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Bucks reintroduces ex-pat BTL

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Tenant has cost £57k - eviction ban

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10th annual Gas Safety Week

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Thursday, September 10, 2020

Londoners on the move

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‘No DSS’ discrimination ruled unlawful

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Should student landlords repurpose property

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What happens to UK house prices?

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Wednesday, September 09, 2020

'No DSS’ tenants is unlawful discrimination

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Tuesday, September 08, 2020

Scotlands Tenant Hardship Loan Fund

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Castle Trust unveils new BTL range

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FTB fund could push out renters

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Friday, September 04, 2020

Green Homes Grant vouchers

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Enforcement action on leasehold mis-selling

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Builders under leasehold investigation

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1 in 7 properties sell within a week

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House purchase lending plummets in Q2

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Tuesday, September 01, 2020

Leaseholder scam - fake cladding inspections

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Government needs to back landlords

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Landlords call for Scottish Govt help

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Why are we punishing landlords?

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Updated Govt guidance on Covid

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Landlords could be hit with 45% CGT

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