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BTL landlords confident but there will be few new entrants says Mortgage Trust

Last week’s interest rate cut has warmed the BTL market but there will be few new landlords entering the market according to Mortgage trust research.

In its August 2005 analysis, 43.4 per cent of intermediaries believe BTL business levels will increased slightly while 34 per cent think it will remain at the same level.

BTL intermediaries are divided about the outlook for the housing market as a whole, with 22.6 per cent predicting slight rises in house prices and the same number predicting falls.

The main proportion of business is still expected to come from remortgaging with intermediaries expecting it will make up to 45.72 per cent of their business over the next three months. Only 15.96 per cent of business is predicted to come from first time landlords.

Mortgage Trust marketing manager Nicola Severn says: “August’s interest rate cut was predicted by intermediaries and adds to a sense of cautious optimism in the BTL sector. However, although intermediaries are positive about existing landlords continuing to invest, they do not expect an uplift in the number of new entrants.”


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Prestbury is looking for acquisitions and is in talks with a number of mortgage networks with deals set to be announced by October. It says it completed a record 130m worth of new mortgage business in July.

Two points for own goal

Diane Hayter’s whole defence against Nic Cicutti’s article is an own goal. I will only pick two points:1: Only a serial committee member/do-gooder could possibly hailan increase in bureaucrats of 325 per cent (financial promotions’ team increase from eight to 34)2: Free or moderately priced assistance. Free! What planet is she on? Does she attend […]

New civil partnership law confusing, says CAB

Gay consumers could easily misunderstand the new civil partnership law and the financial implications for same sex couples according to Citizens Advice.The CAB says the law, instated on December 5 this year, is misunderstood as live-in same-sex couples might still be affected even if they do not register their relationship.The civil partnership law gives gay […]

DB transfers – one more factor to consider

Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]


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