From the 30th September 2017 there will be further changes brought into place for the buy to let market, and how lending institutions review funding applications from professional investors and landlords. At the beginning of 2017, banks embedded the first of the PRA’s ‘changes to underwriting standards’ which were designed to bring consistency to lending. Specifically with regards to the …
SME Health check index- North East & Wales take top spots in regional rankings!
Managing a successful small or medium enterprise is always a challenge, more so in todays uncertain economic environment. Across the UK SME’s are continuously overcoming a number of obstacles; lack of information & advice, cash flow and late payment terms, and one of the biggest difficulties is the ability to access funding. added to the above are the current political …
Buy-to-let mortgage flat fees reach new lows!
The flat fees for buy to let mortgages are now lower than they have ever been over the last 12 months. The average flat fee among buy to let mortgage products fell by more than 5% in Q2, down to £1,370 from £1,446 in Q1. This will be positive news for landlords favouring the new fee structure, saving them an …
The future of buy to let!
Industry experts have predicted complex buy to let lending is very likely to increase following the introduction of tougher underwriting standards under new guidelines. The latest (PRA) Prudential Regulation Authority changes, will put the above into place for portfolio landlords with four or more mortgaged buy to let properties, and will come into force from October. The changes are designed …