Comments and views on the latest developments in buy to let, commercial and residential mortgages from our resident experts at Mortgages for Business.
Buy to let and commercial mortgage bloggers:
David Whittaker, Managing Director
Steve Olejnik, Sales Director
Jeni Browne, Head of Residential & Buy to Let Lending
Mike Freeman, Head of Specialist Underwriting
Simon Whittaker, Finance Director
Residential mortgage blogger:
Jeni Browne, Head of Residential and Buy to Let Lending
Why rates will not go up this side of the election
Steve Olejnik explains why he thinks Bank Rate will not rise before the next General Election in May 2015 and he sets out his stall on when he thinks it will.
Attention all landlords with a buy to let mortgage from BM Solutions
Is your initial rate period about to finish or are you already paying the BM Solutions' SVR of 4.84%? Are you struggling to remortgage because your rental income no longer meets lenders' stricter stress test calculation? If the answer is yes, read on…
New 85pc LTV buy to let finance for purchases
As a fan of innovation in the buy to let mortgage market, I am pleased to announce that Mortgages for Business is involved in piloting a new 85% buy to let purchase product. Here’s how it works and how you can get access to it.
Regulated buy to let transactions could scare lenders away
A few buy to let transactions are already regulated but finding a lender can be difficult. Jeni Browne considers whether proposed regulation of accidental landlords will scare lenders away from these types of transactions altogether.
Understanding why investors gear their properties
Steve Olejnik, sales director, explains why investors gear their properties.
Interest rates may rise sooner than expected
If you read all of the commentary about Mark Carney’s Mansion House speech on Friday 13th June you will almost certainly be left believing that the Governor said that a rise in Bank Rate is imminent.
Buy to Let Mortgage Costs Index Q1 2014 - Results out now!
Listen to David Whittaker, managing director at Mortgages for Business, comment on the Buy to Let Mortgage Costs Index results for the first quarter of 2014.
The buy to let saga continues
Last week saw The Mortgage Works make a monumental change to its lending policy – previously you could apply for a buy to let mortgage aged 84 and below and it could run to your 90th birthday. Now, there is no maximum age on when the mortgage can be repaid, but you can be no older than 70 when it starts.
Implications of 15pc Stamp Duty Rate for Limited Companies
Why the extension of the 15pc stamp duty rate on properties costing over £500k purchased by limited companies won’t affect most landlords financially.
Playing the long game
Recently a client asked me for a 10 year fixed rate home-owner mortgage. As I began researching, I admit I was thinking it was a waste of time, no one ever takes a 10 year fixed these days, they are always far too expensive. So when I saw a 10 year fixed at 3.89%, I have to say I felt a little sheepish.