Get the latest news about Buy To Let Mortgages. Information about mortgage rates, lending criteria and general industry trends.
According to recent reports there are a number of landlords ignoring the [tag]Tenancy Deposit Scheme[/tag] (TDS). In figures released by the National Landlords Association (NLA) it is estimated that approximately 150,000 landlords have directly registered with an approved Tenancy Deposit Scheme. This means that there is a significant number who have not. The legislation covering …
The relationship between landlord and tenant is rarely put under more pressure than when the issue of deposits is discussed. Unscrupulous landlords have left many tenants feeling deeply suspicious of the whole question of repairs and deductions. Under pressure from Citizens Advice the government has introduced legislation which aims to solve many of these issues. …
The succession of recent interest rate rises is starting to have an impact on the [tag]buy to let[/tag] market. The inevitable consequence of this is that some lenders are tightening their criteria for new borrowers. This means that unless a new entrant to the buy to let market can come up with a large deposit …
For some time the government has been trying to introduce legislation to help protect tenant’s deposits from landlords who retain money unfairly. In the past there was no central scheme specifically set up to arbitrate a dispute between a tenant and landlord where damage to the property is alleged to have occurred. Tenancy Deposit Protection …
On 6 April 2006 mandatory HMO licensing came into force across England. If you let a property which is occupied by three or more tenants, who form two or more households, and they share a bathroom, kitchen or toilet, then it is likely that you are venturing into HMO territory. The www.propertylicence.gov.uk (update 2010: site has …
Buy to Let lenders have started adjusting their lending criteria as the long awaited buy-to-let price war hots up. Lenders, including The Coventry Building Society, have recently announced changes to their rental calculations. A few short years ago rental cover of between 130% to 150% was the norm, now The Coventry have reduced theirs to …