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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• Chancellor commits £500M to the housing sector 22.04.2009

  What is the real impact of £500M plus he plans to implement the Frost recommendations on MBS immediately ? And extending stamp duty  relief until the end of the year for up to £175,000 is no great surprise !!

• If Simon Wolfson, CEO of Next, gets it why doesn't the market ?? 22.04.2009

  Simon Wolfson writing in The Times on Monday 20 April queries why RMBS assets are trading at 93p in the £. We'll be updating this blog on the Budget as Mr Darling rolls out his announcements today.

• Buyer interest gaining momentum, says RICS 15.04.2009

  Enthusiasm amongst buyers is gaining momentum as new buyer enquiries rise for the fifth consecutive month, the latest data from the Royal Institution of Chartered Surveyors reveals. Some 31% of chartered surveyors reported an increase in new buyer enquiries during March, up from 21% in February

• Base Rate remains unchanged at 0.5% - 09.04.2009

  As expected, the Bank of England have kept Base Rate on hold at 0.5% this month, halting the steady trend of reductions over the last few months. With the MPC’s ammunition more or less spent in this area, all eyes are now on the Bank’s Quantitative Easing programme designed to stimulate the much need liquidity into the market.

• As the market bottoms out, now is the time to secure that bargain - 03.04.2009

  In our blog on 17 February - Are house prices rising or falling? - we set out to explain the differences between some of the leading house price indices on the market. At that time The Halifax HPI had just posted a month on month increase of 1.9% whereas the Nationwide HPI indicated drop of 1.3% (in line with most of the other indices published). Well guess what...

• Buy to Let Fixed Rate Mortgages – Act Now! 30.03.2009

  Regardless of whether we see a further Base Rate cut next week, mortgage rates look to have bottomed out.

• First signs that something is moving in the markets 20.03.2009

  With the first 3 APF Auctions completed and heavily subscribed the BoE has announced that next weeks' auctions will be 2.5Bn on Monday and £3.5Bn on Wednesday, an increase of £1Bn on this week.

• The Turner Review may impact Buy to Let warns Lord Turner 18.03.2009

  Suffering from insomnia - then download The Turner Report and its glorious 126 pages..........changes may be proposed to the treatment of second charge and Buy to Let mortgages.

• Spotlight on Housing Market Recovery 16.03.2009

  Savill's latest report on the housing market concludes " Our view is that this puts us somewhere between the latter satges of house price falls and nearer the first of the stages in the recovery process. 

• Lloyds/ HBOS commit additional £3Bn to mortgages this year 10.03.2009

  The news that Lloyds/HBOS has finally agreed to a deal on the APS will increase its mortgage lending in 2009