Most popular BTL mortgages

Max LTV	Initial Rate	Term	Completion fee	Booking fee	Incentives	Lender
85%	5.29% Fixed	2 Years	2.5%	£130.00	No	Kent Reliance Semi Exclusive
85%	5.99% Discount	2 Years	3%	£130.00	No	Kent Reliance Multi Let & Ltd Co. Semi Exclusive
80%	3.99% Fixed	2016-12-31	£2495	£150.00	Free valuation	Mortgage Trust Exclusive
80%	4.99% Fixed	2016-12-31	0%	£150.00	Free valuation	Mortgage Trust Exclusive
80%	4.09% Discount	2 Years	£750	£250.00	No	Hanley Economic Exclusive
75%	4.69% Discount	3 Years	2%	£0.00	No	Saffron BS Semi Exclusive
75%	2.39% Fixed	2016-12-31	2.5%	£150.00	Free valuation	Mortgage Trust Exclusive
75%	2.75% Fixed	2016-12-31	£2495	£150.00	Free valuation	Mortgage Trust Exclusive
75%	3.79% Fixed	2016-12-31	0%	£150.00	Free valuation	Mortgage Trust Exclusive
75%	2.5% Discount	2 Years	£1995	£250.00	One free Valuation on properties valued up to £1,000,000	Hinckley & Rugby Exclusive
75%	5.39% Variable	0 Years	2.5%	£0.00	No	Saffron Light Refurbishment
60%	2.45% Discount	2 Years	£1950	£250.00	One free Valuation on properties valued up to £1,000,000	Hinckley & Rugby Exclusive

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. 

 
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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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Clapham landlord fined over fire safety

Another day, another landlord fined for breaking fire safety regulations.

This time, it's Clapham landlord, Panayiotis Chrysostomou who failed to comply to safety notice presented by the London Fire Brigade (LFB).

Chrysostomou  pleaded guilty, and was handed a £10,000 fine and £2,000 in court costs.

The rental property was divided into eight bedsits, but was found to have, no smoke alarms, no emergency lighting and no fire doors, poorly managed cooking equipment in each bedsit, blocked escape routes and poorly maintained electrics.

The property was deemed so dangerous by the LFB that hey slapped a prohibition notice on the property to stop people living there, but this was ignored by the landlord.

The LFB deputy head of fire safety regulation Mark Andrews said:

“This property was a potential death trap. The lack of smoke alarms, absence of any fire doors, as well as the blocked escape route would have put the lives of those people living in these bedsits in serious danger if a fire had broken out.

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Croydon landlords face 'landlord tax'

Croydon Council could be the latest Local Authority to introduce a borough wide 'tax on landlords'. The so called landlord licence would be £1000 over 5 years or £200 per year.

Beauracrats to gain
The Council claim that the new licence will improve standards in rental housing in the Borough by dealing with with rogue landlords and improve the quality of housing in Croydon. How? As usual the only landlords to register will be the good law abiding landlords. Will the rogue landlords register. Of course they won't and will the Council have the resources to enforce the scheme...the answer again will be no.

The only real gainers will be the army of workers employed to enforce the scheme. Reports in the Croydon Guardian are that the costs for administering the scheme will be £4.56 million and employ 20 staff with the manager to be paid £80,000.  Good value for money?

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CEBR forecast house price dip in 2015

The Centre for Economics and Business Research (Cebr) predicts house prices will dip in 2015 following this year's sharp rise.

The CEBR propose this year's final house price growth rate will be a hearty 7.8%, doubling last years growth of 3.5%, but believe a small dip in prices will see a fall of 0.8% in 2015. 

The CEBR consider the likelihood of a small interest rate rise will also slow the property market.

Longer term, the CEBR remain relatively confident about house price sustainability, seeing a return to growth by 2016, of 2.6%, followed by approximately 3% growth the years 2017, 2018, 2019, with a step up to 3.4% in 2020.

The CEBR uses Office for National Statistics (ONS) data. 

Scott Corfe, head of macroeconomics at CEBR, said: ''Tougher mortgage eligibility criteria, high deposit requirements and concerns about future rate rises are starting to take the steam out of the UK housing market.''

CEBR property price predictions | Create Infographics

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Generation rent - priced out

The headline in the I - newspaper yesterday was "Generation Rent"- blocked from the property ladder.

Clearly, the I are speaking to some of their core readers.

The claims
Research commissioned by PricedOut an interest group aimed at campaigning for more affordable housing allowing more people to buy suggest that over half a million people have been priced out of the housing market since the Help to Buy scheme was launched.

The Government had to act
I do have sympathy for the increasing number of renters who have been squeezed out of the market because of price and affordability.  Initiatives such as the Help to Buy scheme along with historically low interest rates have been successful at propping up a housing market and house prices that naturally should have fallen massively after the 'credit crunch' and are clearly still over priced.  The economic fall out of a collapsing housing market would have caused an economic Tsunami of the likes we have not seen since the 1930s, hence the Governments need to act and meddle in the housing market.  Unfortunately, this has only reinforced the belief that housing is the ultimate investment in bad & good times which further delays the time that prices and affordability are more naturally aligned.

Generation rent would have faced far worse
One thing, I would say is if this action hadn't been taken I suspect that many of 'Generation Rent' who are complaining that they can't afford to buy would have been facing a very different scenario.  Houses would have been very much cheaper after a massive house price crash but with the associated economic melt down many would have not had a job and be in a position to even consider buying.  Then with this kind of massive fall in value would have resulted in many borrowers facing a lifetime of negative equity.  The illusion of ever rising house prices would have been truly shattered for ever.  How many of 'Generation Rent' would have been so keen to climb on housing ladder that clearly was no longer a one way bet?

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IDS announces Universal Credit roll out

The Work and Pensions Secretary, Ian Duncan Smith has announced that Universal Credit will be rolled out to all Jobcentres and local authorities across the country from early next year.

Iain Duncan Smith has announced that -

"We are going to accelerate the delivery of Universal Credit from the new year, bringing forward the national rollout through 2015/16 to every single community across Great Britain. Secure national delivery, yet at the same time, delivering that life change at a local level; strengthening community partnerships, helping vulnerable households. Not just helping the economy but reducing child poverty as well."

My mouth has fallen open, aghast....

Read the full announcement of the accelerated roll out of Universal Credit

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