Buy To Let Mortgages – do we do ‘em?
Before I start on this week’s news I just wanted to confirm something.
I received an email last week from someone asking if we advise on buy to let mortgages. Now, I know this newsletter is jam-packed with salient information and crucial top-tips, but obviously one of the core messages has somehow fallen on stoney ground, as they say in the good book. 
So, just to make sure there is no doubt:
Resident Broker is an award winning mortgage brokerage that specialises in securing buy to let finance for the property investor and landlord.
You can call us from 8.30am to 5.30pm on 01424 205 373 or email us 24/7 and we will do our very utmost to help you find and re-organize finance for your investment properties. Indeed, our initial mortgage advice is always free and when it is time for us to submit a mortgage application on your behalf, we are always transparent about what fees are due.
In fact – some people have been known to call me up just for a chat! Anyway moving on…
Tenant enquiries jump by almost 50%.
Countrywide has seen a stark rise in the number of applicants registering to rent between January and March, with a 48% increase in the number of tenant enquiries. Well, if thats not good news to start the day with I’m not sure what is.
From personal experience I have a house in North London I rent out – 3 years ago it took me 2 to 3 weeks for it to finally rent. Last month, I let it on the first viewing withan additional increase in the monthly rent – no wonder I’m feeling chirpy. A sign of the times? Possibly.
Imagine having to remortgage this!
From 2011, lenders will have to find about £300bn to repay the government for the money it spot them via its emergency support schemes – the (snappily titled) special liquidity scheme and credit guarantee scheme – at the height of the banking crisis. As such, mortgage lending will continue to be rationed, the CML said.
And you thought you had problems raising capital. Flippancy aside, I think the key message is this:
If you are looking to remortgage and raise capital, now may well be the prudent time to arrangeit. As there is no guarantee the situation may me better next year. Even if you don’t need the money straight away, you can use techniques like offset mortgages to enable you to release the capital and not necessarily pay interest on it before you use it.
I received an email last week from someone asking if we advise on buy to let mortgages. Now, I know this newsletter is jam-packed with salient information and crucial top-tips, but obviously one of the core messages has somehow fallen on stoney ground, as they say in the good book. So, just to make sure there is no doubt:
Resident Broker is an award winning mortgage brokerage that specialises in securing buy to let finance for the property investor and landlord.
You can call us from 8.30am to 5.30pm on 01424 205 373 or email us 24/7 and we will do our very utmost to help you find and re-organize finance for your investment properties. Indeed, our initial mortgage advice is always free and when it is time for us to submit a mortgage application on your behalf, we are always transparent about what fees are due.
In fact – some people have been known to call me up just for a chat! Anyway moving on…
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