Most popular BTL mortgages

Max LTV	Initial Rate	Term	Completion fee	Booking fee	Incentives	Overall Cost for Comparison	Lender
85%	4.99% Fixed	2 Years	2.5%	£130.00	No	6.8% APR	Kent Reliance Semi Exclusive
85%	5.99% Discount	2 Years	2.5%	£130.00	No	7% APR	Kent Reliance Multi Let & Ltd Co. Semi Exclusive
80%	4.59% Discount	2 Years	2.5%	£130.00	No	6.7% APR	Kent Reliance Semi Exclusive
80%	4.95% Discount	2 Years	0%	£0.00	One free standard valuation for properties up to £250,000. If the property is worth more than £250,000 then there will be a £240 contribution towards the valuation	5.3% APR	Hanley Economic Exclusive
75%	3.75% Discount	2 Years	0%	£0.00	One free standard valuation for properties up to £250,000. If the property is worth more than £250,000 then there will be a £240 contribution towards the valuation	5.1% APR	Hanley Economic Exclusive
75%	5.39% Variable	0 Years	2.5%	£0.00	No		Saffron Light Refurbishment
75%	4.69% Discount	3 Years	2%	£0.00	No		Saffron BS Semi Exclusive
75%	2.88% Tracker	2 Years	2.5%	£150.00	Free valuation for purchases and remortgages & free legals on remortgages	5.3% APR	Mortgage Trust Exclusive
65%	5.39% Variable	0 Years	2.5%	£0.00	No		Saffron BS Ex-Pat Semi Exclusive
60%	2.45% Discount	2 Years	£1950	£250.00	One free Valuation on properties valued up to £1,000,000	5% APR	Hinckley & Rugby Exclusive

 

Search the whole BTL mortgage market free

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.

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Opinion on property prices in 2014

The Telegraph give you their opinion on what will happen to house prices in 2014.
 

Ten best areas to invest in London in 2014

The top ten areas to invest in London in 2014 are Nunhead, Rotherhithe, Forest Hill, Peckham, Morden, Walthamstow, Enfield, Tottenham, South Harrow, Croydon, according to London Loves Business. 

Paragon launch lifetime tracker BTLs

Paragon Mortgages, have updated its offering, including a new range of lifetime tracker products.

The lifetime trackers are available for both single self-contained properties and multi-unit blocks and HMOs, with rates ranging from 4.50%. All the products have a 1.5% product fee and a max LTV of 75%.

John Heron, Director of  Paragon Mortgages, said:

“The new lifetime tracker products are very competitive and offer something new for landlords who are looking to extend their portfolios.

“These are good value products for the whole term. The market has been somewhat 'stuck in a rut' with two year fixes and trackers, which may have their place, but high reversion rates may mean that in many cases a good two year rate may not work out well in the longer term.”

Search the whole BTL mortgage market free

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.

View on Central London lettings market

Prime Central London estate agent, W.A.Ellis, saw a buoyant lettings market in 2013, with a 50% increase in tenancies agreed in 2013 compared to 2012, and an estimated 2.8% increase in rents in 2013, however, this price increase was 0.4% less than 2012 when prices rose by 3.2%.

Lucy Morton, senior partner and head of lettings at Prime Central London estate agency, W.A.Ellis, comments: “Although rents did increase last year overall, in the lead up to Christmas, we did see prices reduce by as much as 20% in order for landlords to secure a tenant and prevent void periods.

“Voids periods did creep up last year but the figures are slightly distorted as the lettings market has become more seasonal. For the last two years in particular, the key lettings months have been between April and October – in these periods, a property can let within a week, whereas void periods can be substantially increased if a property becomes available between November and March. The changeover season in the lettings calendar continues to be during July when we notice a marked increase in our tenancy terminations. This is driven by not only the end of the school year for families, but also the end of the academic year for universities. Year on year, we are noticing a substantial increase in high net worth overseas students flocking to study in London which adds to this."

“It is always difficult to predict market conditions 100% accurately, but I believe that it will be more of the same for 2014 although with the economy picking up, indications are that the City will be hiring thus creating more tenants. I therefore predict that Prime Central London rents will increase by marginally over 3% in 2014.”

New year ..new investment

Anybody who thinks that all the fall out from the financial crisis has gone is wrong.  We spotted this new investment on the Allsop website available through administrators (not quite as desperate as liquidators).  The property details are:

Zero 4, 24-26 The Crescent, PLYMOUTH, PL1 3AD

Freehold residential and part commercial investment:

    •    Comprising 122 flats and 821 sqm (8,842 sqft) of A3 retail accommodation ('shell' condition)
    •    93 flats subject to ASTs, 7 vacant flats and 18 flats sold on long leases
    •    4 part complete penthouse flats
    •    42 car parking spaces (6 subject to long leases)
    •    Total current rent reserved:  £645,820 per annum (inclusive of £1,900 ground rent income)
    •    Estimated rental value (fully let) £705,108 per annum
    •    Located within the heart of Plymouth benefitting from good local amenities and excellent transport links
    •    Offer deadline 7 February 2014

Offers in excess of £7,000,000

For more details:

Anthony Dixon
+44 (0)20 7344 2625
anthony.dixon@allsop.co.ukJames Hood
+44 (0) 207 344 2637
james.hood@allsop.co.uk
 
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