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Friday, January 29, 2016

The most popular BTL mortgages



Max LTVInitial RateTermCompletion feeBooking feeIncentivesLender
85%4.99% Discount2 Years2.5%£130.00NoKent Reliance Semi Exclusive
85%5.19% Fixed2 Years2.5%£130.00NoKent Reliance Semi Exclusive
85%5.29% Discount2 Years2.5%£130.00NoKent Reliance Multi Let & Ltd Co. Semi Exclusive
80%4.6% Fixed2019-03-311.5%£150.00NoParagon Premier
80%4.85% Fixed2019-03-311.5%£150.00NoParagon Premier HMO
80%5.39% Variable0 Years2%£0.00NoSaffron Light Refurbishment
75%2.35% Fixed2018-04-302.5%£0.00Free Valuation (on properties up to and including £500,000)Newcastle Building Society
75%3.49% Fixed2021-04-302.5%£0.00Free Valuation (on properties up to and including £500,000)Newcastle Building Society
75%3.49% Fixed2 Years1.5%£100.00NoAxis Bank
75%4.59% Fixed5 Years2%£100.00NoAxis Specialist
 

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.

Thursday, January 28, 2016

Private sector interest in PRS

The Royal Bank of Scotland (RBS) has committed to provide £1bn of funds for the Private Rental Sector (PRS).

The bank has allocated £1 bn from its £30 bn loan book to provide development and investment finance for the private rental sector.

This week there has been a number of large companies expressing interest in investing in the Private Rental Sector.  Companies will not be affected by the income tax rises proposed by the Chancellor for private investors.

According to Property Week Legal and General have announced plans to invest £600m and Grainger Trust also have announced a pledge to announce £850m in the sector.

Landlord insurance - professional rates - online brokers

TDS rates continue to rise

A report by the Centre of Economics Business Research claims 284,000 landlords have failed to  place all their tenants deposits into one of the government-backed tenancy deposit schemes.

The figures, based on CEBR research, alongside certain extrapolations, and fingers held to the breeze, approximate that somewhere in the region of 85 per cent of landlords comply with  the tenancy deposit protection legislation.

The research tank estimates this figure equates to approx. £514 million in unprotected tenant deposits.

According to Cebr data the percentage of landlords protecting deposits continues to increase -
  • 2008: 35.2%
  • 2009: 54.6%
  • 2010: 63%
  • 2011: 70.6%
  • 2012: 72.2%
  • 2013: 77.2%
  • 2014: 80.8%
  • 2015: 85.5% 
If discovered, landlords can expect to be fined approximately three times the deposit value.

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Wednesday, January 27, 2016

I still think London house prices will crash

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Is the housing market out of control?

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YourMove rent index up 0.4% in Dec

Agency, Your Move, have released their December buy-to-let index for Scotland.

Their index shows rents north of the border, rose by 0.4% in December.

The average monthly rent in Scotland is now £548, 2.2 per cent higher than a year ago.