Early signs of BTL mortgage market recovery
Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, reveals that there are glimmers of hope emerging for the Buy to Let mortgage market, following the significant initial impact of the Coronavirus pandemic. In welcome news to many landlords, the choice in products has increased, and some higher loan-to-value (LTV) average rates have reduced. […]
Nationwide confirms buy-to-let repayment holiday
Nationwide has extended its repayment holidays to cover buy-to-let mortgages. The Housing Secretary and Prime Minister have both outlined plans to protect landlords and tenants against the impact of the coronavirus pandemic. Henry Jordan, Nationwide’s director of mortgages, said: “As the UK’s second largest buy-to-let mortgage provider we feel it is important to extend protection […]
Buy-to-let mortgage lending for house purchase falls way short of forecasts
The trade body for the mortgage sector has warned that buy-to-let purchase lending is set to come in at below its forecasts for 2018. UK Finance had predicted £12bn of buy-to-let lending for house purchase this year, but Jackie Bennett, director of mortgages, has warned this is heading for around £9bn. Speaking at UK Finance’s […]