buy-to-let
Three people have been sentenced to a total of almost ten years in prison for defrauding mortgage lenders of £4.6m.
Government plans to increase Capital Gains Tax (CGT) are likely to give the UK property market a short-term boost but could restrain longer term price growth.
Lloyds Banking Group (LBG) is to introduce a Homeowner Variable Rate of initially 3.99% for new Lloyds TSB and Cheltenham & Gloucester (C&G) mortgages from 1 June.
Other buy-to-let articles
State-owned Lloyds Banking Group (LBG) and Royal Bank of Scotland (RBS) are offering preferable mortgage borrowing terms to some of their high net worth customers for the first time since the start of the credit crisis.
Consumer requests for mortgages have risen by 50% since January 2009, pointing towards increased activity in the mortgage market, according to Unbiased.
Landlords saw a 7.6% annual return on their investments by the end of December 2009, according to the latest index from LSL Property Services.
The FSA’s remit could be expanded to include the regulation of buy-to-let and second-charge mortgages, under new proposals published by the Treasury today.
The buy-to-let market has begun to show signs of recovery with the number of deals increasing from the all time low of 179 in September 2009 to 239 today.
Platform has reduced rates on several fixed and tracker deals for the second time in two months.
Nick Carlile, co-founder of the Platinum Partners Group of companies and a qualified quantity surveyor, warns the easy money has already been made in property.
The buy-to-let (BTL) market was today branded a "ticking time bomb" in a damning report highlighting the growing gap between the supply of and demand for BTL properties.
Bradford & Bingley (B&B) says mortgage arrears at the firm, which was crushed by the financial crisis last year, more than doubled in the first half of 2009.
The UK Government must step up its pressure on lenders if it wants to free the market from its "heavy constraints", the National Association of Estate Agents (NAEA) says.
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