The buy-to-let sector should be nurtured
Jul 4th, 2010 | By Les Sheppard | Category: Property InvestingRecent research from Paragon provides some indicators about the state of the buy-to-let sector, particularly regarding mortgage availability.
Recent research from Paragon provides some indicators about the state of the buy-to-let sector, particularly regarding mortgage availability.
Whilst things have eased slightly since the financial markets meltdown of 2007/8, first time buyers still face a number of obstacles if they are to afford their first step on the property ladder.
Unfortunately many people have used interest only as a way of making sure they can actually afford the mortgage in the first place and deferred worrying about how they are going to pay it back.
Mortgage lending could remain subdued for up to five years as lenders grapple with a £300bn funding gap, a Council of Mortgage Lenders adviser has warned.
The Mortgage Works is giving the buy-to-let sector a boost by increasing its LTV from 70% to 80% on its core range.
With fixed-rate mortgage rates at their lowest in nearly a year and fears growing about a rise in interest rates, is it time to fix your mortgage?
Mortgages are a big financial investment, and with so many different mortgages on offer, it is vital that you do some groundwork in order to maximise your chance of finding the best deal.
Legal & General Mortgage Club has launched a new mortgage where applicants do not need to be credit scored. The two-year fixed-rate mortgage, which has a rate of 3.35pc, is the only offer of its kind available to borrowers.
Home owners are selling stakes in their homes in order to pay off their mortgages, show figures from Bridgewater Equity Release.
Research from Unbiased.co.uk, the professional advice website suggests that many Brits believe they are unable to get a suitable mortgage due to lenders low income multiples.