Buy To Let Mortgages Advisor

According leading asset valuer xit2, lenders are facing a huge amount of unpaid interest mortgages that will mature before 2020. The amount currently stands at £116bn. Interest only mortgages are now rarely available, with lenders learning lessons from the past. At the peak of the credit boom, approximately 1.3million interest only mortgages were written. Interest [...]

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 [...]

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 [...]

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 [...]

Is it a good idea to remortgage to fund a buy to let property? I recently read a post online from a homeowner asking about buy to let lending. They asked if it’s a good idea to remortgage their primary residence to enable them to buy a buy-to-let property, as they felt the rates would [...]