{"id":20958,"date":"2018-09-07T09:45:04","date_gmt":"2018-09-07T08:45:04","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=20958"},"modified":"2018-09-07T09:45:04","modified_gmt":"2018-09-07T08:45:04","slug":"landlords-seeking-better-deals-and-longer-term-financial-security","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/news\/landlords-seeking-better-deals-and-longer-term-financial-security\/","title":{"rendered":"Landlords seeking better deals and longer-term financial security"},"content":{"rendered":"

Mortgage lenders who cater for the buy-to-let market are combating the recent market difficulties by offering competitive products to entice both existing and new landlords.<\/strong><\/p>\n

Despite talk of a mass exodus<\/a> from the market, buy-to-let continues to be a popular investment choice<\/a>, but with increased regulations and tax liabilities squeezing profit margins<\/a>, landlords are seeking better deals and longer-term financial security from their mortgage providers more than ever before.<\/p>\n

Reduced rates<\/h4>\n

Several announcements of reduced rates have been made over the past few weeks. Kent Reliance has cut rates across its buy-to-let range, with its five-year fixed rate now starting at 3.79% at 75% loan to value (LTV) and 4.39% at 80% LTV.<\/p>\n

Sainsbury\u2019s Bank is offering reduced rates of 1.40% at 60% LTV and 1.67% at 75% LTV, both with a \u00a31,995 product fee, on a number of its two-year fixed rates for remortgages<\/a>.<\/p>\n

And Barclays has announced that it will be slicing rates for its two-year and five-year fixed rate products. Two-year fixes will drop to 1.50% at 60% LTV and 1.79% at 75% LTV) and five-year fixes at 2.19% at 60% LTV and 2.57% at 75% LTV.<\/p>\n

Best five-year fixed rates<\/h4>\n

Since long-term<\/a> security is a priority for many landlords, many lenders are focusing on their five-year fixed rate deals. For landlords with a 60% LTV, Leeds Building Society is offering a five-year fixed rate at 2.4% with no fees<\/a>, while Post Office Money has a 75% LTV deal at 2.7% with a \u00a3995 fee. Skipton is offering a low rate of 2.2% with a \u00a3995 fee to borrowers with a 40% deposit, and Virgin Money will fix your mortgage until January 2024 on a 60% LTV at 2.3% with a \u00a3995 fee.<\/p>\n

New mortgages for more complex assets<\/h4>\n

Magellan Homeloans has launched a range of products tailored to individuals and limited companies<\/a> to make the process of obtaining a buy-to-let mortgage simpler and cater for more complex assets, e.g. HMOs<\/a>, studio flats, shared houses and new-build<\/a> property. The product range offers two- and five-year fixed rates and trackers<\/a>, with rates starting at 2.69%.<\/p>\n

Buy-to-let guarantor option avoids tax liability of joint ownership<\/h4>\n

For existing landlords wanting to invest with a first-time landlord<\/a> (a spouse or dependent), Magellan has introduced a buy-to-let guarantor option \u2013 currently unique to them. As a guarantor rather than a joint owner, professional or experienced landlords can invest with a first-time landlord without the tax liability of joint ownership<\/a>.<\/p>\n

There is no doubt that the industry has concerns over the number of buy-to-let properties sold in recent months. However, there is a strong case that buy-to-let will remain an attractive investment choice as lenders compete for business in a less populated and more challenging<\/a> landscape. Indeed the reward for not bailing out in response to tax and regulation changes are just starting to be felt by those landlords with a long-term strategy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mortgage lenders who cater for the buy-to-let market are combating the recent market difficulties by offering competitive products to entice both existing and new landlords. Despite talk of a mass exodus from the market, buy-to-let continues to be a popular investment choice, but with increased regulations and tax liabilities squeezing profit margins, landlords are seeking… Read more »<\/a><\/p>\n","protected":false},"author":3380,"featured_media":19756,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,4,26],"tags":[22,341],"class_list":["post-20958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-to-let-landlords","category-investment","category-tax-mortgages-money","tag-buy-to-let","tag-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/20958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=20958"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/20958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/19756"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=20958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=20958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=20958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}