Buy to let


Andrew Montlake: Budget fails to address shortage of housing supply

Watching the Chancellor deliver his Budget, many of us hoped the big news was finally going to be a much-rumoured change in stamp duty. Perhaps a new 2 per cent rate band or even the holy grail of a full overhaul to charge the tax like income tax and end the much-maligned slab effect. It […]


The buy-to-let end game

At a recent debate hosted by Paragon Mortgages, a panel of industry experts discussed the challenges and opportunities facing the UK buy-to-let market. Predictions for growth this year were optimistic, as rising rents are expected to lead to a more landlords entering the market.  The consensus was that lending would settle around £26bn-£28bn, representing growth […]


LSL launches new packager headed up by David Copland

LSL Property Services has set up a new packager called The Mortgage Processing Centre, which is headed by the group’s director of mortgage services David Copland. Targeting specialist lending, the packager will be available to appointed representatives of First Complete and Pink, estate agency advisers in Reeds Rains and Your Move and directly authorised advisers […]


Nationwide scraps remortgage applications for buy-to-let

Nationwide is no longer accepting remortgage applications to fund buy-to-let investment. Nationwide’s buy-to-let arm, The Mortgage Works, will accept remortgage applications to fund buy-to-let, but not from Nationwide customers. A spokeswoman for Nationwide says: “As part of Nationwide’s move to a single mortgage processing system, the society is streamlining a small number of specific lending scenarios […]


Court of Appeal ruling set to boost professional landlords

Brokers say a recent Court of Appeal ruling on standard rental agreements provides clarity and will help avoid costly legal battles. The case related to tenant Miss Taylor, who took out an assured shorthold tenancy agreement in February 2006 for a property in Chesterfield with landlord Mr Spencer. Spencer served notice on Taylor in October […]


Almost 10% of Britons fear mortgage or rent default

One in 11 Britons is afraid of defaulting on their rent or mortgage, according to data published by housing charity Shelter. Based on a YouGov survey of 4,000 UK adults, the findings show the extent to which household budgets are strained and shows families are worst affected. Results show 70 per cent of rent or […]


John Heron: Recent attacks on BTL are missing the point

Whilst it is important that the buy-to-let market, like any market, is subject to review by external bodies, the recent Intergenerational Foundation paper around landlords and the taxation system has some noticeable flaws. One such flaw being that it compares the position of home-owners with that of landlords and then attempts to analyse how differently […]


Govt to unveil new code of conduct for landlords

Private renters will be able to demand rental agreements of up to five years as part of a new code of conduct for landlords, reports The Times. Communities Secretary Eric Pickles will today unveil a “tenants’ charter” designed to put pressure on landlords to provide renters with greater security. At present most contracts between landlords and […]