Buy to Let Blog

 The latest Buy to Let mortgage market news, advice and views from our resident experts at Mortgages for Business.

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• Nationwide report 0.9% increase in house prices for June 30.06.2009

  Nationwide's index published today shows the 3rd time in 4 months with an annualised decline of 9.3% rather than 11.3% previously reported

• House prices rising again! 25.06.2009

  I am going to stick my neck out and predict that when the monthly house price indices are published by Nationwide and Halifax in the next 10 days or so they will both show that prices rose in the second quarter.

• Increase in fixed rates as "perceived" inflationary pressures start to build. 19.06.2009

  Like it or not there is an upward trend in SWAP rates at 3 years or more, resulting in lenders pricing upwards just as the market begins to show some stability. Indeed som elenders are now holding meetings with agendas on criteria and new products in the coming months - rest assured we haven't had many of those in the last eighteen months !!!

• RICS reports highest applicant registration in 10 years 10.06.2009

  New applicant registrations at estate agents in May reach highest level in 10 years according to a report issued by the RICS

• Funding for HMOs show signs of improvement 03.06.2009

  An update on funding HMOs where at last there is some funding improvements for the professional landlord who has been shunned by the BTL lenders remaining in the market. With the loss of Paragon and CHL (for the present) and few lenders wishing to fund limited company transactions, it's been a difficult time for HMO Landlords.

• Land Registry Figures - house price fall starts to ease - 01.06.2009

  According to the Land Registry, the average house price fell by 0.3% in April compared to 0.4% drop in March. The Land Registry found the annual rate of decline remained at 16.2% and the average house price now stands at £152, 898. Nationwide's House Price Index from last week put the average house price at £154,016 and claimed a 1.2% rise in house prices in May.

• Mortgages for Business joins select Base Commercial broker panel - 01.06.2009

  We are pleased to announce Mortgages for Business has been selected as one of only a small number of brokers to work with Base Commercial on its return to the UK lending market.

• Rightmove reports improving demand statistics 19.05.2009

  The Rightmove House Price Index is up for the second month in a row due to the pressure on the supply side.......

• FSA Mortgage Sector Conference - 14.05.2009

  An interesting day out at the Mortgage Sector Conference on Tuesday (12th May) – and here are some of the highlights (and lowlights!).

• Moodys kicking up a storm on Buy to Let arrears - 12.05.2009

  Whether Moodys are right in their assertion is less of a worry than the impact it has on a sector where there are more psoitives than negatives. The problem is that their view does hold back progress even though many lenders would contest the basis of their findings.