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 [...]
September 22, 2012
Buy to let investment strategies I’ve just read a post (link below) by Mark Alexander, landlord and founder of Property118 who states that the buy to let rule of thumb is to have 20% of the value of your buy to let mortgage in cash at any given time. This means that you have the [...]
August 29, 2012
Due to strong growth in the rental sector and the array of cheap buy to let mortgages currently available, buy to let lending has risen by 20% in the last 12 months. The Council of Mortgage Lenders (CML) has reported that over 33,000 loans worth £3.9bn were issued between March and June 2012, which is [...]
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 26, 2012
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