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Confidence in BTL still high despite rate rises

Landlords still have confidence in the buy-to-let property market despite slowing house prices and an increase in the cost of borrowing, according to research by Mortgage Trust.

The research, based on 350 replies from residential landlords, found that 90 per cent would not consider selling their investment property because of rising interest rates.

Forty-nine per cent say they will stay with their existing lender while 22 per cent will consider changing lender.

The survey also shows that 16 per cent will increase rents to compensate for the higher financing costs and 14 per cent will swap their variable-rate mortgage for a fixed-rate loan.

Head of sales and marketing Austin Jelfs says: “Our findings echo Arla&#39s report earlier this year and demonstrate that confidence remains strong. Landlords are investing in buy to let for the long term and are less swayed by short-term considerations.”


Pru points to perks for multi-ties

Prudential says multi-ties will get more commission, may have their FSCS levy paid and could get cheaper PI than independent advisers. Outlining its vision of the depolarised world, Prudential told Money Marketing how it envisages entrepreneurial intermediaries operating joint whole-of-market and multi-tied businesses. These advisers would be able to swap hats in mid-conversation with clients […]

Buckles investment Services – Snowdonia Growth Fund

Type: Oeic fund of funds Aim: Growth by investing globally in equity funds, fixed interest and cash Minimum investment: Lump sum £3,000, monthly £50 Investment split: 51% UK equities, 26% US equities, 11% European equities, 5% Japanese equities, 4% Far East equities, 3% cash and fixed interest Isa link: Yes Pep transfers: Yes Charges: Initial […]

Direct Life tries to simplify life cover questions

Direct Life has set up a new underwriting system based on the US model which it says will transform life cover in the UK. Express Underwriting presents customers with a single-page application form requiring no medical or family history detail. Once this is received by Direct Life, an adviser will take the customer through more […]

Lending library

Doing a reasonable imitation of Shere Khan from the Jungle Book, the FSA has put itself forward as a user-friendly regulator, suggesting there is no need for mortgage advisers to have a third party in the regulatory relationship. This might have been vaguely believable were it not for the fact that this is the same […]

How QE is distorting the gilt market

By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]


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