Entries by David

New BTL Remortgage Products from Paragon

Paragon Mortgages announce limited edition BTL remortgage products with free valuation and cashback, for portfolio landlords, i.e. having 4 or more properties. 2 year fixes at 3.4% for single properties or 3.74% for HMOs and Multi Unit blocks come with free valuation, £250 cashback and Nil arrangement fee. 5 year fixes at 3.6% and 3.84% […]

The Mortgage Works reintroduces 80% ltv for Buy to Let

From today, Thursday 22 March, The Mortgage Works are reintroducing new 2 and 5 year fixed rate products at 80% LTV, with rates starting from 2.99%. (Previous maximum ltv 75%) The new range of 80% LTV products for Buy to Let and Let to Buy includes:  ·        Purchase, remortgage and further advance ·        A choice […]

Shared Accommodation properties

Shared Accommodation properties   Problems raising a Buy to Let mortgage on a property used as shared accommodation, but falling short of needing to be licenced as an HMO can be: Lender will only allow rent to be assessed as a single family let – not as shared accommodation Lender won’t accept separate tenancies Locks […]

EPC regulations for let property

The creep of regulation continues…..this time affecting the EPC rating of let properties.   From 1 April 2018, it will be against the law for landlords to grant a new tenancy in England and Wales to either new or existing tenants if the property doesn’t have an Energy Performance Certificate rating from A to E.  […]

Increasing and decreasing

Lloyds Bank announces it is reducing its interest rate by ‘up to 30 basis points’ across its Commercial Mortgage range for Real Estate and Healthcare. BM Solutions (a member of the Lloyds Banking Group) announces that from tomorrow February 16th 2018 its fixed rate and tracker Buy to Let Purchase products will increase by 0.2%. To be […]

Property Investing using a Limited Company

Why buy Properties in a Limited Company name? Buy to Let mortgage lenders – if the borrowing is in a limited company name – will invariably expect directors to give personal guarantees so the reason for borrowing in a limited company name is not to escape personal liability. Buying properties in a limited company may […]

Houses in Multiple Occupation (HMOs)

A HMO is defined as a house where multiple unrelated tenants have exclusive access to their rooms but share common areas such as kitchen and bathroom. The tenants may all sign one and the same joint tenancy agreement, or each may have their own tenancy. Properties of 3 or more storeys and occupied by 5 […]

BM Solutions new Buy to Let Purchase products

BM Solutions announce two new products for Buy to Let purchases only 1.45% 2 years fixed up to 60% loan to value 1.86% 2 years fixed up to 75% loan to value Product fee £1,995. BM also offer remortgage products with free valuation and legals but rates differ from those quoted above. BM lend throughout […]

Portfolio landlords 5 year fixed rates from Foundation Homeloans with £500 cashback

In addition to their standard range, Foundation announce products for portfolio landlords only ( 4 or more mortgaged properties) with £500 cashback Standard Properties 3.89% fixed until 30 April 2023 HMO Properties 3.99% fixed until 30 April 2023 Up to 70% loan to value, individual or limited company applicants. £500 cashback on completion of the […]