Round up of property funding news for August 2018

Returns for buy-to-let investors soar as private rents increase

The summer is typically a quiet time for property transactions and property funding news generally. Brexit never far from people’s minds with close attention being paid to interest rates and property transactions. Countrywide rescue agreed Countrywide has raised £140m from shareholders following approval for the purchase of new shares. The breakdown of how the money …

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Maximum Loan to Value For Interest Only Mortgages Start to Tumble

The Nationwide Building Society is among a growing number of lenders slashing its interest-only maximum loan to value for residential lending.  In March the mainstream lender reduced its maximum LTV for interest only loans from 75% to 50%. Martyn Dyson, head of mortgages at Nationwide, says: “A number of major lenders have recently restricted their …

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