London landlords warned

Ian Duncan Smith has warned that the restrictions on housing benefit payments are aimed at forcing London landlords to re-establish inflated rents to a reasonable level.

On the Andrew Marr show on Sunday he stated "we're gonna drive rents down," he said; "I'm going to be telling the landlords the game is over."

Now, that's you told!

See the interview ( 33 mins into the show)

Trillion pound horror story

If you didn't see Britains Trillion Pound Horror Story it's worth a watch here.

Interesting times ahead, he says flippantly............

A warning to BTL confidence

The returns for investors seem to be so thin on the ground that BTL property has returned as flavour of the month after its sojourn as "the editorial punch bag and scorn bucket".

After a few years mocking BTL property investing, the financial journalists can't see any better place for the middle classes to place their cash.

BTL is back in vogue for the chattering classes, with the Council for Mortgage Lenders showing buy-to-let lending up 14% on last year.

However landlords should be cautious in balancing rents and interest repayments with signs that inflationary factors are starting to occur. If inflation takes further hold then interest rates will be forced up and rental value might not follow at the same trajectory.

Moneyweeks Bengt Saelesminde has put forward an article warning on the potential risks for investors in BTL property that is worth novice btl property investors having a peruse.

Onwards and upwards.

BTL show at Birmingham

Just a reminder that the Landlord and BTL Show is on at the NEC for those landlords who fancy heading to Birmingham in the rain. ( not the most appetizing of prospects).

The show is on today and tomorrow, 17th-18th November and will be attended by the usual suspects.

"Please can you sound a bit more excited!"

Find a bargain property

Find a bargain property before Christmas

With Christmas fast approaching, and sizeable government cuts looming around the corner, most landlords wouldn’t consider buying a new investment property at this time of year. However, buy a new rental property this side of Christmas, and you could save yourself thousands on asking prices.

The effects of recession are still being felt throughout the industry, and everyone is looking for a bargain. In order to facilitate a quick sale, hundreds of vendors are reducing asking prices in the run up to Christmas, so it is a great time for you to expand your rental portfolio and save money on your next buy let property. Most estate agents will have some stock that will be price reduced, so it’s worth making contact, especially if you are actively looking.
Most of the properties that take part in these sales may have been on the market for some time, or the vendor simply needs to sell quickly. In these circumstances, you could always attempt to strike a deal if you are restricted by your next buy to let mortgage, and potentially could save yourself even more money on a wise investment. With the seasonal trend for new properties to appear on the market in the early New Year, vendors and agents will be keen to clear this remaining stock.

Speak to your local estate agent who should be able to provide you with a complete list of their price reduced properties, and find your next buy to let investment at a bargain price.

BTL mortgages - most popular

Most popular buy-to-let mortgages

Interest Rate	Overall Cost for Comparison	Max LTV	Product Detail	Completion Fee	Early Repayment Charges
3.64% Tracker	5.2% APR	60%	Variable tracker rate of BBR + 3.14% until 31/12/2012 then reverting to the lender's standard variable rate (SVR) which is currently 4.99% for the remainder of the term. This product is available up to 60% LTV and the rental calculation is 125% at 4.99% (SVR). An application fee will apply.	2.5%	4% of original balance being repaid until 31/12/2012
3.75% Tracker	4.7% APR	60%	Variable tracker rate of BBR + 3.25% for 2 years then reverting to a variable of BBR + 4.24% to give a current rate of 4.74% for the remainder of the term. The product is available up to 60% LTV and the rental calculation is 125% at the payrate. An application fee will apply.	1.5%	3% of amount being repaid for 2 years
3.88% Tracker	4.1% APR	75%	Variable tracker rate of BBR + 3.38% for the lifetime of the loan. This product is available up to 75% LTV and there is a rental calculation of 100% at a notional rate of 8.5%. An application fee will apply. Available on a repayment basis only and for loans up to £150,000. The completion fee is payable at offer stage.	£1695	1% of original balance being repaid for 1 year
4.8% Fixed	5.2% APR	75%	Fixed rate of 4.80% until 01/02/2013 then reverting to a variable of BBR + 4.24% to give a current rate of 4.74% for the remainder of the term. The product is available up to 75% LTV and the rental calculation is 125% at the payrate. An application fee will apply.	2%	3% of amount being repaid until 01/02/2013
4.8% Tracker	5.5% APR	75%	Variable tracker rate of LIBOR + 4.00% for 2 years then reverting to the lender's standard variable rate of 4.60% + 0.25% = 4.85% to the end of year 5, then for the remainder of the term, the lender's standard variable rate of 4.60% + 0.75% = 5.35%. The product is available up to 75% LTV and the rental calculation is 130% at 7%. Please note that the completion fee will increase by 0.25% on applications for HMOs, freehold houses split into flats and limited companies. An application fee will apply.	2.25%	3% of amount being repaid for 2 years
4.99% Fixed	4.7% APR	70%	Limited company product. Fixed rate of 4.99% until 31/12/2012 then reverting to a variable rate of BBR + 3.49% to give a current rate of 3.99% for the remainder of the term. This product is available up to 70% LTV and there is a rental calculation of 125% at the payrate. An application fee will apply.	3.5% (min £595)	5% of amount being repaid until 31/12/2012
4.99% Fixed	5.5% APR	80%	Fixed rate of 4.99% until 31/12/2011 then reverting to the lender's standard variable rate which is currently 4.99% for the remainder of the term. This product is available up to 80% LTV and there is a rental calculation of 125% at payrate. An application fee will apply.	3% (min £595)	5% of amount being repaid until 31/12/2011
5.19% Fixed	5.3% APR	70%	Fixed rate of 5.19% until 31/01/2013 then reverting to a variable rate of BBR + 4.50% to give a current rate of 5.00% for the remainder of the term. This product is available up to 70% LTV and the rental calculation is 125% at a notional rate of BBR + 4.50%. An application fee will apply.	£1995	3% of the amount being repaid until 31/01/2012, then 2% of the amount being repaid until 31/01/2013
5.29% Fixed	3.7% APR	60%	Fixed rate of 5.29% until 02/03/2013 then reverting to a variable rate of 2.49% over BBR to give a current rate of 2.99% for the remainder of the term. This product is available up to 60% LTV and there is a rental calculation of 125% at payrate. An application fee will apply.	1.5% (min £1500)	6 months interest at the Buy to Let Standard Variable Rate or fixed rate whichever is higher until 02/03/13
5.49% Fixed	5.7% APR	80%	Fixed rate of 5.49% until 31/12/2013 then reverting to the lender's standard variable rate which is currently 4.99% for the remainder of the term. This product is available up to 80% LTV and there is a rental calculation of 125% at the pay rate. An application fee will apply.	3% (min £595)	5% of amount being repaid until 31/12/2013

IMPORTANT! Due to current market conditions, lenders are withdrawing and replacing products with little or no notice.
Please check our website regularly to see the most up-to-date products available.

Please visit www.propertyhawk.co.uk and click on Mortgages to search the full product range and find a buy-to-let mortgage to suit your specific personal circumstances.

Email: info@propertyhawkbtlmortgages.co.uk

Tel: 029 2069 5446

Your home may be repossessed if you do not keep up repayments on your mortgages. The Financial Services Authority does not regulate some forms of mortgage.