Taking your first step on the buy-to-let mortgage ladder is as exciting as it is daunting. Paul Brett, MD of Landbay for Intermediaries has the answers to the top questions on every would-be landlord’s lips. Buying property to rent out can be a lucrative business if you own lots of properties or it could be […]
Regulations requiring all rental properties to have an EPC rating of C or above for new tenancies come into force in 2025, before extending to include all tenancies by 2028. This has significant financial ramifications for buy-to-let landlords, who are now required to carry out renovations to ensure their properties meet the legal requirements by […]
Kent Reliance for Intermediaries has worked with EY on the tax aspects of this guide which has been created to aid broker knowledge. The full implications of the restriction to the deductibility of finance costs for individual landlords (introduced and phased in as of 6 April 2017) are now being felt by landlords. The full […]
Mortgage rates have been rising in recent months. The Bank of England (BoE) raised interest rates again on March 17 with the intention to counter an expected global surge in inflation caused by rising fuel prices due to Russia’s war in Ukraine. The bank’s Monetary Policy Committee (MPC) voted to increase the bank rate by […]
Your credit score is one of the most important measures of your financial health. It tells lenders how responsibly you use credit. The better your score, the easier you will find it to be approved for new loans or new lines of credit, as well as your ability to successfully get a mortgage. However, your […]
For many people, job losses, salary cuts, multiple income streams, payment arrears and the escalating cost of living such as rising energy costs and soaring consumer price inflation has started to impact on household finances. Some people have run up debt and defaulted on payments because of the economic challenges brought about by the pandemic, […]
Have you got a buy to let? Are you aware of the changes regarding your property’s energy efficiency? Properties risk becoming ‘unrentable’ if landlords do not make the necessary changes required by 2025.
For most first time buyers trying to save for a deposit, it’s a hard slog especially when rent and other day to day expenses mean very little is left at the end of the month to put away. Doubly frustrating is that the monthly repayments on a mortgage can often be cheaper than what you […]
No need to ‘panic buy’ mortgages just yet. There’s plenty to go around! In fact, lenders are in the middle of an amazing interest rate price war. Just in the last few days, we’ve seen lenders looking at 5% deposit mortgages cut rates to below 2.7%. This is a fantastic reduction and shows that lenders […]
As a consequence of the pandemic, more people who have adverse – poor – credit are applying for mortgages. According to research conducted by Pepper Money, customers with adverse credit are more positive about their prospects for a successful mortgage application than they were six months ago. The specialist lender found that 52% of adults […]
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