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Archive: Buy to Let surge is pushing up property prices

For Buy to Let investors and those buying a second home, stamp duty is due to increase by 3% in April. As a result, according to latest RICS research, house prices have been increasing with a surge of investors wanting to complete before April. In fact, the figures from RICS show that half of surveyors told of price rises in January. This was reported on the Mortgage Introducer website in February*. (more…)

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Archive: Buy to Let Landlords increasingly using limited companies

Latest research has found that Buy to Let landlords are increasingly using limited companies in order to purchase a property. This was reported in What Mortgage Magazine in January*. According to the latest figures, purchases by Buy to Let investors through a limited company in December accounted for 38% of total Buy to Let business. This is an increase of 15% on October’s figures. (more…)

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ARCHIVE: Buy to let landlords face higher stamp duty

Landlords and those buying second homes will soon have to pay more in stamp duty, the chancellor has announced in the Autumn Statement. This was reported in the Financial Reporter on 25th November following the Chancellor’s Statement*. The changes will be introduced in April 2016 and will mean all Buy to Let investors and those buying a second home will have to pay an extra 3% on each stamp duty band. The aim is for this money to raise an extra £1bn for the Treasury over the next six years. (more…)

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ARCHIVE: Popularity of fixed rate mortgages near to record levels

According to research from the Mortgage Advice Bureau, fixed rate mortgages are reaching record levels of popularity. In fact, during September 2015, 96% of homebuyers opted for a fixed rate deal. This was reported on the What Mortgage Website on 28th October 2015*. (more…)

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Buy to Let mortgage lending continues to boom

According to MoneyFacts, there are now more than 1,000 Buy to Let mortgages available on the market. This is for the first time since April 2008. The company also found that the average Buy to Let variable mortgage rate had decreased from 6.66% to 3.6% over the period of seven years. Likewise, the average buy to let fixed-rate mortgage has fallen from 7.34% to 3.8% according to Moneyfacts*. (more…)

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Introducing Your Mortgage Expert

A new mortgage and protection business has today launched in Wiltshire. Your Mortgage Expert is a family run company and is headed up by Managing Director, Adam Nanson. This new business aims to take the time, money and stress out of finding a new mortgage or protection product. Managing Director, Adam Nanson, has over 15 years’ experience in the mortgage and protection market. He has a wealth of knowledge and takes pride in helping people find mortgage or protection products. His wife, Abby Nanson joins him as Marketing Director and she has 12 years’ experience communicating with financial services customers. (more…)

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Lending to Buy to Let investors continues to increase

According to figures from the Council for Mortgage Lenders (CML) released in March 2015, lending to landlords has increased by more than a third year on year*.  In March 2015, there were 18,200 Buy to Let loans agreed, which represents a 21% increase from March 2014. The total value of these loans increased to £2.7 billion in March 2015, an increase of 35% on the same month last year (2014). All of the figures quoted in this article were correct as of March 2015 (more…)

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