We are still in a situation where each month, mortgage approvals are falling. In the last twelve months mortgage approvals have fallen by 13% whilst other types of personal borrowing has remained ‘subdued’. Last month there were 30,533 mortgage approvals, with a combined worth of £4.8 billion. Although figures are lower than this time last [...]
October 18, 2012
In September Virgin Money cut it’s rates for residential and buy to let mortgages. Their 2 year fixed rate mortgage has been reduced to to 2.79%, available up to 60% LTV. For a 70% LTV the rate is being cut down to 2.99%, available on a two year tracker rate. Virgin Money has made the [...]
October 16, 2012
With a severe shortage, student buy to let investments are becoming an increasingly popular investment choice. Although school leavers are facing financial difficulties with tuition and living fees, the number of students is on the increase. Accommodation is one of the largest outgoings that a student will face, and there has been a rise in [...]
September 29, 2012
Top tips for buy to let investment The income you can achieve from buy to let investment if you have enough money for a deposit is an attractive investment compared to low savings rates and the volatile stock market. With the low house prices, rising rents and great buy to let mortgage deals, investors are [...]
August 22, 2012
Mortgage lenders see buy to let properties as purely and investment, and it’s important for them to know that the money they are investing won’t be at risk. Lenders have a set of buy to let mortgage criteria that you must meet in order to secure lending on the property, some being more lenient than [...]
Richard Ignatowicz is a Mortgage Broker for Mortgage Savers. He has over 15 years’ experience in helping people find the best residential, commercial or buy-to-let mortgage products available. Richard is unique in that he has his own property portfolio so understands what investors need to build a successful portfolio....
October 24, 2012
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