Buy to Let Mortgage News - 2009
More Landlords Face Payment Problems
Tuesday 31 March 2009
Recent surveys suggest that more than 2/3 of landlords struggle with problem tenants, but only half of them take legal actions to receive the balance they are owed.
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House Prices Fall Less Aggressively
Tuesday 31 March 2009
March has been marked by lower levels of falling house prices, but experts say the change is very likely to be seasonal.
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ARLA Reports Life Signs in the BTL Sector
Monday 30 March 2009
ARLA experts report that the 1st quarter of 2009 has been marked by increased levels of activity on the BTL market.
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Banks Maximize Their Profits at the Expense of Borrowers
Monday 30 March 2009
As borrowers are urged to take out ?cheap? deals, it turns out that they are not as cheap as they ought to be.
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Ways to Avoid Payment Problems
Sunday 29 March 2009
Many tenants might experience problems with rent payment. We have outlined several options available to landlords that help avoid payment problems.
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Investors Still Favour BTL Business
Sunday 29 March 2009
As house prices are falling, investors who have sufficient funds can afford buying houses at giveaway prices, tenants, landlords
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Abbey Ditched Panel Solicitors
Friday 27 March 2009
As a result of Abbey National actions, a large number of borrowers and law firms might experience certain troubles.
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The CML Calls for Expanded Help for Borrowers
Friday 27 March 2009
The CML wants the Government to reconsider its budget for April and to introduce more measures aimed at supporting borrowers.
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Uncertainty over Support Scheme Remains
Friday 27 March 2009
The deadline for lenders to support the governmental scheme has passed, but the list of participants is not disclosed yet.
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Services of Letting Agents Priced Unreasonably High
Friday 27 March 2009
New research data suggests that landlords are annually wasting an average of £3 billion on the services of letting agents that are not worth it.
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Property Market Shows Signs of Recovery
Wednesday 25 March 2009
Overall data suggests that the property market is recovering slowly from the financial crisis; however experts do not dare make any predictions.
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More Mortgages Approved in February
Wednesday 25 March 2009
February was marked by several signs of stabilizing property market, but experts say it?s too early for full recovery.
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Disputes over Property Have Doubled Since 2007
Tuesday 24 March 2009
The Ombudsman for Estate Agents says that the number of disputes over property doubled despite low sales activity.
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A Call for New Financial Incentives
Tuesday 24 March 2009
The Association of Residential Letting Agents urges the British government to offer BTL landlords financial incentives for renovation of rental houses.
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London BTL Market Suffered Most of All
Monday 23 March 2009
London landlords suffered the most from recent over-supply of rental properties on the British rental market.
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New Measures to Limit BTL Sector
Monday 23 March 2009
The EU follows British practice in toughening loan requirements, which might limit the ability of BTL sector to grow.
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Beware of Unqualified Letting Agents
Saturday 21 March 2009
Many estate agents try themselves in the letting business, which causes drastic consequences to tenants and landlords.
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Long-term Mortgages Are Back
Saturday 21 March 2009
As the base rate has hit its historic low, many banks are back on the market with long-term fixed and tracker deals.
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Banks Accept Banning 100% Mortgages
Saturday 21 March 2009
The Royal Bank of Scotland is all for banning 100% mortgages and will examine its lending policies to protect both, borrowers and lenders.
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Oversupply of Rental Property Pushes Rent Lower
Saturday 21 March 2009
Surveys suggest that oversupply of rental properties influences rent prices that dropped significantly in the last two quarters.
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UK Sees Changes in House Prices
Thursday 19 March 2009
New reports are suggesting that housing market is showing signs of recovery as house prices have increased slightly.
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The Number of Abandoned Properties Increases in the UK
Thursday 19 March 2009
The number of abandoned buy-to-let houses in the United Kingdom is on the increase as landlords are finding it difficult to keep them.
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BTL Mortgages Are a Ticking Time Bomb
Wednesday 18 March 2009
Landlords should try to save as much as possible while interest rates are low to avoid serious problems in the future.
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Details of the New FSA Report Unveiled
Wednesday 18 March 2009
The Financial Services Authority is planning to introduce few changes to the UK financial system to minimise risks.
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New Mortgage Rules
Tuesday 17 March 2009
The Financial Services Authority is trying to implement new rules for mortgage lending as an attempt to ban risky lending.
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Buy to Let Market Continues to Decay
Tuesday 17 March 2009
The number of completed buy to let mortgages has plummeted to the lowest level recorded in the last five years.
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Ways to Avoid Debt Traps
Monday 16 March 2009
Debt Charities advise customers to be vigilant in order to avoid painful mistakes and not to rush any financial decisions.
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Low Exchange Rate Leads to High Activity on the Overseas Property Market
Monday 16 March 2009
UK and foreign investors see opportunity and borrow funds against their foreign assets to purchase UK properties.
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Bleakest Prospects Revealed in a Numis Report
Saturday 14 March 2009
Experts predict that house prices may go further down as properties are still overvalued and market confidence remains low.
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Rate switchers to be penalised
Saturday 14 March 2009
Some lenders are trying to stop their customers from switching to a cheaper deal by introducing new penalties.
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CML Report on BTL Mortgages
Friday 13 March 2009
Despite the fact that many landlords are reporting profit, buy to let lending continues to decline.
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Mortgage Recession Continues
Friday 13 March 2009
According to a report from the Council of Mortgage Lenders, the number of completed mortgages has declined again.
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Ways to Avoid Repossession
Thursday 12 March 2009
To avoid repossession, borrowers should protect themselves against sickness and unemployment as not many will qualify for mortgage support scheme.
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First Success of Quantitative Easing Strategy
Thursday 12 March 2009
Experts believe that quantitative easing strategy will be successful as banks have shown an appetite for new money.
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Changes in saving and mortgage rates to come.
Wednesday 11 March 2009
Concerns are raised if the Bank of England's Rate can go further down. While borrowers are happy, banks will not be rushing to reduce their rates to protect their savers.
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Results of RICS Housing Market Survey Disclosed
Wednesday 11 March 2009
Royal Institute of Chartered Surveyors has reported increased interest in the housing market, but sales figures are yet to catch up.
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Default warning system by Callcredit.
Tuesday 10 March 2009
Banks and building societies soon will be using a default warning system developed by credit reference agency Callcredit.
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0% Rates on Everything
Tuesday 10 March 2009
Bottom low base rate may mean than many borrowers don'pay anything for their mortgages, however savers should consider their options.
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Virtual End of Free Banking
Monday 09 March 2009
It is believed that current financial situation may lead to the increase in banking charges as more banks face substantial reduction in their revenues.
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To Fix or Not to Fix
Monday 09 March 2009
Expert opinions are divided on whether borrowers should fix their mortgage rates or not. It is difficult to predict for how long the Bank of England's rate will remain this low.
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Negative Equity Concerns
Sunday 08 March 2009
Negative equity affecting thousands of home owners and experts predict that situation can get worse.
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The Government takes control over Lloyds
Sunday 08 March 2009
UK government increase its stake in troubled Lloyds Bank Group. Many investors consider it to be a disaster.
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Quantitative Easing by the Bank of England
Friday 06 March 2009
For the first time in history the Bank of England cuts its base rate to 0.5% and introducing quantative easing.
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Market flooded by additional supply of buy to let properties.
Friday 06 March 2009
The number of rental properties has increased by 8% creating ideal conditions for tenants, however landlords may not be as lucky.
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Cheaper tracker rates
Thursday 05 March 2009
Mortgage lenders believe that they have good news for their borrowers. Several lenders started to offer tracker deals which are capped at 5.99%.
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Dramatic decrease in house prices
Thursday 05 March 2009
House prices in the UK have fallen again during February, according to the Halifax House Price Data.
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Mortgage lending drops by 50%
Wednesday 04 March 2009
CML reports considerable reduction in mortgage lending. Experts don't expect a lot of changes in the nearest future.
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Return of first-time buyers.
Wednesday 11 February 2009
First time buyers showing interest in real estate as property prices appear to be stabilising.
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House prices up by 1.9% in January 2009.
25 January 2009
Despite the gloomy picture of the UK economy, housing market is showing some sort of movement. According to Halifax house prices have slightly increased during January.
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Bank of England cuts base rate to its lowest level.
20 January 2009
Bank of England announced that base rate will be cut to 1.5%.
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Buyers show more interest in housing market
10 January 2009
Every day we hear about the problems of the property market and falling house prices. Today, at last there are reports that buyers started to show more interest in property.
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