{"id":21704,"date":"2018-10-22T17:25:25","date_gmt":"2018-10-22T16:25:25","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=21704"},"modified":"2018-10-22T17:25:25","modified_gmt":"2018-10-22T16:25:25","slug":"landlords-incentivised-as-lenders-review-buy-to-let-mortgage-ranges","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-au\/2018\/10\/22\/landlords-incentivised-as-lenders-review-buy-to-let-mortgage-ranges\/","title":{"rendered":"Landlords incentivised as lenders review buy-to-let mortgage ranges"},"content":{"rendered":"

The buy-to-let<\/b>\u00a0(BTL)<\/b>\u00a0market remains stron<\/b>g as\u00a0<\/b>existing<\/b>\u00a0landlords become the focus for lenders vying for new business.<\/b>\u00a0<\/span><\/p>\n

Despite\u00a0fears of a mass exodus from the\u00a0buy-to-let\u00a0market a survey\u00a0from advice website The Property Hub found that\u00a0just 2.9%\u00a0of landlords<\/em> are\u00a0planning\u00a0to\u00a0sell their property\u00a0in\u00a0the\u00a0next year.\u00a0\u00a0As competition\u00a0intensifies for\u00a0borrowers,\u00a0lenders have launched a raft of\u00a0new and improved\u00a0products\u00a0over the past month.\u00a0<\/span><\/p>\n

Enticements include\u00a0Coventry\u2019s\u00a0rate\u00a0cuts of up to 0.10%\u00a0across its range, Leeds\u00a0Building\u00a0Society\u2019s\u00a0two-year tracker\u00a0reduced to\u00a01.29%, and\u00a0Precise Mortgages new criteria\u00a0for lending\u00a0plus\u00a0a new refurbishment product\u00a0for properties requiring remedial works.\u00a0\u00a0<\/span><\/p>\n

The Mortgage Works\u00a0<\/b>reduce<\/b>s<\/b>\u00a0rates\u00a0<\/b>across its range\u00a0<\/b>\u00a0<\/span><\/p>\n

The Mortgage Works\u00a0five-year\u00a0fixed rates are now available from 3.59% with a 2% fee at 80% LTV.\u00a0\u00a0A two-year fixed rate at 4.69% at 80%\u00a0LTV,\u00a0with\u00a0no\u00a0fee\u00a0and \u00a31,000\u00a0cashback,\u00a0is also available.\u00a0\u00a0For limited\u00a0companies,\u00a0the five-year\u00a0fixed\u00a0has been dropped to 3.74% at\u00a075% LTV.\u00a0\u00a0There\u2019s also a five-year\u00a0fixed\u00a0Further Advance\u00a0product for HMOs, with rates starting at 2.79% with a 1% fee for existing customers.\u00a0\u00a0<\/span><\/p>\n

Landlords looking to remortgage an existing residential property\u00a0can take advantage of\u00a0a\u00a0new\u00a0let-to-buy five-year fix\u00a0of\u00a03.99% at 75% LTV with \u00a31,000 cashback.\u00a0\u00a0<\/span><\/p>\n

Kensington Mortgages increase LTV on HMO range\u00a0<\/b>\u00a0<\/span><\/p>\n

Kensington\u00a0Mortgages\u00a0is\u00a0now\u00a0accepting\u00a0up to\u00a080% LTV on its HMO range\u00a0up to 6 beds, starting at 3.44%.\u00a0Plus,\u00a0the lender has extended its lending criteria to allow personal\u00a0income\u00a0or income from other properties to\u00a0be used\u00a0in affordability assessments.\u00a0Non-owner\u00a0occupiers\u00a0and\u00a0first-time\u00a0buyers will also now\u00a0be considered,\u00a0and\u00a0the applicant age has\u00a0been increased\u00a0to a maximum of 70 years.\u00a0\u00a0<\/span><\/p>\n

Magellan Homeloans enters\u00a0<\/b>buy-to-let<\/b>\u00a0market\u00a0<\/b>\u00a0<\/span><\/p>\n

The\u00a0new BTL\u00a0range from Magellan Homeloans\u00a0offers mortgages\u00a0up to 80% of the property value and\u00a0caters for standard, multi-unit and HMO type properties and is available to individuals and both trading and SPV limited companies.\u00a0\u00a0<\/span><\/p>\n

Accord Mortgages cuts up to 0.25%\u00a0<\/b>on\u00a0<\/b>BTL<\/b>\u00a0products\u00a0<\/b>\u00a0<\/span><\/p>\n

Accord\u00a0has\u00a0reduced their\u00a05-year\u00a0fixed rate mortgages\u00a0to 2.94% at 75% LTV for purchases and remortgages.\u00a0Both have a \u00a3195 fee, free standard\u00a0valuation\u00a0and \u00a31,000 cashback.\u00a0<\/span><\/p>\n

According to UK\u00a0Finance,\u00a0while\u00a0new buy-to-let mortgages were 13% down on August 2017,\u00a0almost 14,000 buy-to-let\u00a0remortgages\u00a0were completed\u00a0in August\u00a0this year \u2013\u00a04.5% more than in the same month last year.\u00a0\u00a0With mortgage lenders\u00a0focusing on delivering\u00a0attractive deals for existing landlords,\u00a0it\u2019s\u00a0certainly\u00a0a good\u00a0time to lock\u00a0into\u00a0a record low rate.\u00a0<\/span><\/p>\n

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The buy-to-let\u00a0(BTL)\u00a0market remains strong as\u00a0existing\u00a0landlords become the focus for lenders vying for new business.\u00a0 Despite\u00a0fears of a mass exodus from the\u00a0buy-to-let\u00a0market a survey\u00a0from advice website The Property Hub found that\u00a0just 2.9%\u00a0of landlords are\u00a0planning\u00a0to\u00a0sell their property\u00a0in\u00a0the\u00a0next year.\u00a0\u00a0As competition\u00a0intensifies for\u00a0borrowers,\u00a0lenders have launched a raft of\u00a0new and improved\u00a0products\u00a0over the past month.\u00a0 Enticements include\u00a0Coventry\u2019s\u00a0rate\u00a0cuts of up to 0.10%\u00a0across its… Read more »<\/a><\/p>\n","protected":false},"author":3380,"featured_media":4802,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[22,15,25],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/21704"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/comments?post=21704"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/21704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media\/4802"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media?parent=21704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/categories?post=21704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/tags?post=21704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}