First-time landlords are much more prevalent in Northern England, thanks to lower property prices, more affordable rental coverage, lower value mortgage loans and stronger yields..
Read MoreRevealed – where first time landlords choose to invest
Tag: news
Buy to let mortgage possessions rocket by 73%
The latest quarterly update from UK Finance reveals there were 710 buy to let mortgage possessions in the third quarter of last year.
Read MoreGatehouse tries to woo landlords with new buy to let loan range
Gatehouse Bank has announced a series of changes to its range of Buy-to-Let (BTL) Purchase Plans.
Read MoreIs now a good time to buy a house?
The uncertainty of the general election and Autumn Budget are out of the way and interest rates have been cut, so is now the right time to buy a new home?
Read MoreMortgage repayments eat into a third of first-time buyers’ pay
Homebuying has been branded ‘prohibitively expensive’ as it emerged a first-time buyer must devote 36% of their take-home pay to fund their mortgage repayments.
Read MoreNationwide’s new mortgage rule gives first-time buyers less of a helping hand
Nationwide has dealt first-time buyers on modest incomes a blow by upping the minimum income threshold on its sole applicant Helping Hand mortgage from £35,000 to £40,000.
Read MoreBig rise in numbers paying mortgages into their 70s
There’s been a big rise in the number of people taking out mortgages with a term of 35 years or more, which will see them paying off their loans well into their 70s.
Read MoreBritain’s biggest mortgage lender expects three interest rate cuts this year
The boss of Britain’s biggest mortgage lender has told Sky News he expects three interest rate cuts this year, bringing some relief to borrowers and mortgage holders.
Read MoreHMRC fines landlord £1,600 despite admitting he owes ‘no tax’
Mohammad Muhsen Yaqoobi has been issued a brutal fine by the taxman and government tax department after he failed to complete his 2020 to 2021 tax return on time.
Read MoreThe era of the small landlord is over – it might change housing for the better
Labour’s Renters’ Rights Bill moves a step closer to law today as it passed its third and final reading in the Commons. From here, it will go to the Lords.
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