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Written by John S
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Wednesday, 14 January 2009 00:00 |
So another week in the 'exciting world' of buy to let mortgages and the two main events this week are:-
1. Base rate cut by 0.5%
2. Bank of Ireland and Bristol & West have left the intermediary market
Rates are holding pretty steady at the moment and there’s certainly no major rush of product changes (although this weekend there are going to be a few from the big lenders e.g. BM – in fact we have heard on the grapevine that BM may even be raising their rates in order to control volume - although considering the amount of rumours that are going round the industry at the moment then who knows?)
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Read more... [Rumour has it ...]
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Written by John S
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Wednesday, 07 January 2009 00:00 |
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Happy New Year everybody! I hope everyone had a great Christmas and fantastic new year and that everyone is ready for the year ahead.There is much anticipation this month about what is going to happen tomorrow following the Bank of England meeting. If it follows the trend of recent months whatever the decision I don’t envisage any great drops in rate by the buy to let lenders - in fact we are continuing to see the tightening of credit.Here at Resident Broker we are constantly searching the market - so much so that some lenders we are using now we haven’t used for years - Shepshed anyone? |
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Last Updated on Friday, 15 January 2010 10:03 |
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Written by John S
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Wednesday, 22 October 2008 00:00 |
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Here’s one bit of good news just in! We have access to a semi-exclusive product by BM Solutions which has a reduced payrate of 6.29% on their 75% LTV rate (as opposed to the 6.59%).
Apart from that everyone seems to be waiting for tomorrow’s interest rate decision before releasing any new products (the platform 5.99% deal has now been withdrawn). Even though base rate is now seemingly dislocated from LIBOR (the rate that banks lend to each other) LIBOR has been steadily reducing over the last few weeks so our hope is that it will start to filter into new mortgage products.
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Read more... [A ray of light]
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Written by John S
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Wednesday, 20 August 2008 10:11 |
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So the battle continues... Lenders have started to reduce interest rates making it easier for the rental to fit only to hurl another obstacle in our way - the dreaded credit score. |
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Read more... [The phantom menace]
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Written by Administrator
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Wednesday, 06 August 2008 19:29 |
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It’s becoming more and more common to be asked for proof of deposit. Make sure you have proof of deposit readily available in case this happens to you. If it is difficult for you to prove, for example it’s in lots of different current accounts etc, then it can slow down the application process and in some instances can lose you the deal. |
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Last Updated on Friday, 15 January 2010 10:05 |
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Read more... [Proof of deposit]
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Property finance news
