Most popular BTL mortgages

Max LTV	Initial Rate	Term	Completion fee	Booking fee	Incentives	Overall Cost for Comparison
85%	5.49% Discount	2 Years	2.5%	£130.00	No	6.9% APR
80%	4.99% Fixed	Oct 31 2014	3.5% (min £595)	£0.00	No	5.6% APR
80%	6.58% Variable	0 Years	0%	£130.00	No	6.9% APR
75%	4.7% Tracker	2 Years	3%	£150.00	No	6% APR
75%	3.85% Discount	2 Years	£2450	£250.00	No	5.4% APR
75%	4.89% Fixed	Nov 30 2014	£995	£0.00	No	5.1% APR
70%	4.25% Discount	2 Years	0%	£199.00	Free valuation up to £335 for purchases and remortgages and free legals on remortgages only.	6% APR
65%	3.25% Tracker	Sep 30 2014	2%	£195.00	Cashback £500	5.9% APR
65%	3.99% Fixed	Oct 31 2014	£999	£250.00	Free valuation up to £700 for purchases and remortgages and free legals on remortgages only.	4.8% APR
60%	2.99% Tracker	Sep 30 2014	2.5%	£99.00	Free valuation for purchases and remortgages and free legals on remortgages only. £99 cashback	4.8% APR
60%	3.25% Discount	2 Years	£1750	£250.00	No	5.3% APR

Search the whole BTL mortgage market free
 
Email: info@propertyhawkbtlmortgages.co.uk

Tel: 029 2069 5446

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.

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.

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Residential property fund launches

Hearthstone announces the launch of it's new residential property fund with a fanfare and the strapline :  "Hearthstone - changing the way the UK invests in residential property"

mmmmmm....dubious!  They either have dodgy PR or marketing advice or they don't get that after the various buy-to-let scandals landlords or residential investors are a very vary of over hyped promises.

In their defence Hearthstone have secured the backing of Barratts to provide seed investment (could be possibly linked to the fact that Barratts are unloading their show homes into the fund ....at what price one may ask?)

The good thing about the fund is that because it is FSA authorised it is eligible to be held in a SIPP or ISA.  It presumably will invest in residential property and borrow money to do so.  Great if prices go up but as we have seen with geared property investments if the market goes the other way...bad news!

The good news is that as an investor you don't have the hassle of managing the property or if things go bad you can just right of the experience and hopefully your limited exposure.

What I don't get is what's new.  Do these guys not remember the Business Expansion Scheme in the 80's (where investment funds were set up to invest in the 'new' AST residential investment market.) This worries me that they are either niave, have appointed rubbish PR/ marketing people or even worse are in it for the fat fees and a fast buck of the back of a relatively benign housing market.

You decide!

Landlord Insurance - expert brokers

107 Distressed Lots

The forthcoming residential property auction from Allsop on 13th September (unlucky for some) boasts over 275 lots from across the country including 107 from distressed lots (I'm guessing mortgage companies in possession).

You can view the online catalogue here.

We are now 4 years on from the big financial fall out but there is no signs of any immediate up turn.  With banks still reluctant to lend as they deleverage their balance sheets.  This obviously depresses asset values and potentially presents the brave investor with a long term bargain (emphasis on long-term).

For more details on buying a property at auction.

Mortgage Search

New Skipton BTL product

Property Hawk Mortgages is offering an excellent buy-to-let mortgage with Skipton Intermediaries. This 4.49% 2 year fixed rate with a 1% completion fee has a free valuation and free legals for remortgages. It is highly competitive in the 75% LTV bracket and could be an excellent choice for landlords.

Search the whole BTL mortgage market free
 
Email: info@propertyhawkbtlmortgages.co.uk 

Tel: 029 2069 5446

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.

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.

BTL mortgages current popular products

Max LTV	Initial Rate	Term	Completion fee	Booking fee	Incentives	Overall Cost for Comparison
85%	5.49% Discount	2 Years	2.5%	£130.00	No	6.9% APR
85%	5.79% Discount	2 Years	3%	£130.00	No	7% APR
80%	6.09% Fixed	2 Years	3%	£130.00	No	7.1% APR
80%	4.79% Discount	2 Years	£2999	£130.00	No	8.2% APR
80%	4.79% Fixed	Nov 30 2014	3.5%	£199.00	Free valuation up to £335 for purchases and remortgages and free legals on remortgages only.	6.4% APR
75%	3.85% Discount	2 Years	£2450	£250.00	No	5.4% APR
75%	3.5% Fixed	2 Years	3.5%	£250.00	No	5.3% APR
75%	4.89% Fixed	Nov 30 2014	£995	£0.00	No	5.1% APR
75%	3.49% Tracker	Sep 30 2014	2%	£195.00	Cashback £500	6% APR
75%	4.49% Fixed	Oct 31 2014	1%	£0.00	Free valuation and free legals for remortgages (properties valued up to £500,000).	5.1% APR
70%	4.25% Discount	2 Years	0%	£199.00	Free valuation up to £335 for purchases and remortgages and free legals on remortgages only.	6% APR
65%	3.25% Tracker	Sep 30 2014	2%	£195.00	Cashback £500	5.9% APR
60%	5.49% Fixed	2 Years	2.5%	£130.00	No	6.9% APR
60%	3.25% Discount	2 Years	£1750	£250.00	No	5.3% APR

Search the whole BTL mortgage market free
 
Email: info@propertyhawkbtlmortgages.co.uk

Tel: 029 2069 5446

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.

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.

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Oven clean recommendation

As I sit here typing my latest post.  Peter from OvenU is getting stuck in to oven clean ready for me to let my property. I was impressed.  I'd never been around to witness one before.  It's a full oven door off, fans and seals all stripped out before the chemical clean begins. (it takes 2.5 hours - not bad for 55 quid)

Firstly, it's not essential for me to clean my oven.  I could give it a quick once over with a damp cloth and get away with it and the tenants would be none the wiser.  However, experience has taught me that when it come to the Inventory and the check in.  I know record the fact that the oven has been had a professional clean.  That means that when it come to the tenant handing back the keys in months or even several years time.  The oven is then likely to be covered in congealed Sunday roasts and other varieties of food substances.  I can then insist that the oven is cleaned and that the cost is deducted from the tenants deposit.  Clever hey!?

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