Mortgage rates have rarely been cheaper but in the past couple of weeks the cost of longer-term fixed rates has dropped disproportionately – making the idea of fixing for 10 years or more look increasingly tempting. The cheapest two-year fixed rate currently...
Read moreShrewd students can save thousands of pounds and start a nest egg for their future by becoming a buy-to-let landlord at university. A new generation of “buy-for-uni” mortgages has hit the market, allowing young people to avoid expensive and often poor-quality rented...
Read moreVirgin Money is offering homeowners the chance to lock into a mortgage rate of just 2.55% for 15 years, the longest fixed rate on offer. The rates are extremely competitive, prompting homeowners to consider fixing, but there are hefty penalty fees to pay if you need...
Read morePrivate residence relief to be cut from 18 months to 9 months from next year The changes could affect over half a million landlords when they come to sell Government is also scaling back lettings relief Accidental landlords could see their costs spiral by thousands of...
Read moreDespite new measures to help first-time buyers, younger generations are still struggling to get on the housing ladder. The average home in England costs £230,000, around a third more than it did ten years ago. This means that to cover even a 5% deposit, buyers need...
Read moreA new Housing Complaints Resolution Service will be established by the government with private landlords being legally compelled to join an existing housing redress scheme or be fined. The Housing Complaints Resolution Service will provide a single point of access to...
Read moreOn the same day that data from Nationwide showed that house prices across the country increased by only 0.5% during 2018, the Bank of England’s figures for November last year revealed that approvals had fallen from the previous month and from the same month in 2017....
Read moreChanges to the income tax treatment of buy-to-let may have been announced some time ago, but the financial impact of these changes are only just starting to hit landlords in the pocket. With tax returns for 2017-2018 now being submitted ahead of the end of January...
Read moreFrom 1 October 2018, any rental property occupied by five or more tenants as their only or main residence must be licensed if the tenants share kitchen or bathroom facilities. The property can occupy any number of floors. This follows a change in the law regarding...
Read moreTogether has extended the maximum term on its residential mortgage products to 40 years in an effort to help more first-time buyers get on the property ladder. The extension will help bring down the monthly cost of borrowing for buyers struggling with high house...
Read moreBank statements provide lenders an insight into the lives of prospective borrowers, but some activities could result in an application unexpectedly being turned down. Providers are looking for any clues that customers may struggle to keep up with repayments in the...
Read moreIf you’re a Landlord aged over 55, you may be interested in one of Retirement Advantage’s Over 55 Buy-to-Let Options. Release cash tax free from Buy-to-Let properties The Over 55 Buy-to-Let Options are secured on a Buy-to-Let property. They allow Landlords to release...
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