Buy to Let Blog

 The latest Buy to Let mortgage market news, advice and views from our resident experts at Mortgages for Business. 

• The return of Buy to Let as a commercial transaction 21.11.2008

  The Buy to Let mortgage market is back to where it was in the early 90s when applications were underwritten and priced on a more commercial basis.

• CML revises arrears forecast 21.11.2008

  The CML has admitted that the number of households in arrears by the end of the year is likely to exceed the previous forecast of 170,000.
  
  The CML reports that 1.44% of mortgages were at least three months in arrears as at the end of September 2009, up from 1.33% at the end of June.

  Buy To Let arrears are running at 1.58% - the first time that they have been higher than mortgages as a whole...

  
  
  

• Record fall in inflation paves the way for more rate cuts - 18.11.2008

  A record fall in Consumer Price Index (CPI) reinforces the belief that Base Rate will be cut further in December.

• Base Rate set to hit record low - 13.11.2008

  Base Rate will continue to fall but what about mortgage rates?

• LIBOR and SWAP rates are easing - residential products on the move 10.11.08

  After 3 month LIBOR fell on Friday by an eye watering 106bp to 4.49% there was a concern to see how much it would move today. It has reduced by a healthy 7bp to 4.42% which, if repeated, would boost confidence in market liquidity.

• Base Rate will fall further but what will mortgage rates do? - 10.11.2008

  Base Rate will contnue to fall but when we will see a reduction in Mortgage Rates?

• Bank Base Rate 3% - 06.11.2008

  Reaction to Bank of England reduction of BBR.

• Business Development Research Consultants: Landlord Research - 06.11.2008

  Latest research results for landlords views of the current state of the buy to let market .

• LIBOR moving in the right direction: 5.72% - 04.11.2008

  With Base Rate certain to be cut by 0.5% this Thursday and some predicting an even deeper cut of 1%, 3 month Libor has acccelerated its downward movement.

• 3 month LIBOR under pressure to continue downward momentum - 27.10.2008

  Following today's news on South Korea cutting 0.75% to 4.25% with speculation of other worldwide cuts in Base Rates, further downward pressue on UK Interbank rates is likely.