All new tenancies in England will become open-ended periodic tenancies with a rent period not exceeding a month, with existing tenancies converted, too.
Read MoreRenters’ Rights Bill — the end of fixed-term tenancies
Author: interestratesinfo
House of Lords back amendment to Renters’ Rights Bill – “a welcome and sensible intervention”, says lawyer
The House of Lords yesterday backed an amendment to the Renters’ Rights Bill to require tenants keeping pets to pay an extra deposit to cover any damage to a rented property.
Read MoreLandlords continue to sell as 290,000 homes lost from the PRS
More than 290,000 homes have been lost from the private rented sector in England as more landlords are looking to sell than buy, according to a new report.
Read MoreDarlington and HTB launch new landlord mortgage products
Darlington Building Society has unveiled an improved buy to let mortgage range, raising the loan-to-value (LTV) limit from 75% to 80% and introducing five-year fixed-rate products.
Read MoreA third of landlords will stop investing in properties if rent caps come in – Landbay
Over a third of landlords have said they will stop investing in their existing properties if the government introduces rent caps proposed in the Renters’ Rights Bill, a survey found.
Read MoreFirst-time buyers borrowing more but cannot keep pace with house price increases
First-time buyers are borrowing up to 5% more and being offered larger loans, but they are struggling to keep pace with house price rises.
Read MoreLend a Hand mortgage, First Time Buyer Boost and other ways Lloyds support first time buyers
Looking to get on the property ladder or help your children become homeowners? Lloyds could allow first time buyers to borrow up to 22% more than on its standard deals.
Read MoreMultiple lenders slash rates as mortgage competition intensifies
Coventry for intermediaries – the broker facing arm of Coventry Building Society – has cut all of its limited company BTL rates by up to 0.19 percentage points. The cuts are on both remortgage and purchases applications and include two- and five-year fixed rates.
Read MoreRachel Reeves to announce permanent 95% mortgage guarantee scheme
Mortgages offered through the scheme will mean first-time buyers and home movers can buy a home with a deposit of just 5%.
Read MoreMortgage lending rules change could help first-time buyers
First-time buyers could get more access to mortgages after the Bank of England recommended a looser cap on riskier lending.
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