17 - Friday 17th February
Buy to Let Mortgages on the Rise
Figures released by the Council of Mortgages shows that buy to let mortgages rose 32 percent in 2011 compared to 2010 with a total of 124,000 buy to let mortgages sold.
The Council of Mortgages indicated that 66,460 of these buy to let mortgages were for purchases, and the remainder were remortgages.
Buy to let mortgages are responsible for 10 percent of 2011's total mortgage lending, a rise of 2.5 percent over 2010's figure. It has been predicted that buy to let mortgages will carry on increasing throughout 2012 with predictions showing a mortgage lending rise to £16bn this year.
Mortgage news on 17th February 2012 is provided by external sources including some individual mortgage lenders and brokers which are listed in this directory.
- Rents rise in January for first time
Average rents rose in January for the first time on record, according to the latest buy-to-let index from LSL Property Services.
Fri 17th Feb 2012 9:42am - Platform cuts rates on buy to let products
Platform, The Co-operative Bank’s intermediary mortgage lender, has lowered the rates on its range of two year fixed rate buy to let products by 0.2 per cent.
Fri 17th Feb 2012 8:12am - Hybrid mortgages seek best of both worlds
Five-year mortgage deals launched with one product allowing borrowers to take advantage of low interest rates with security of a future fix
Fri 17th Feb 2012 6:17pm - Buy-to-let investment appeal surges
Rising rents and cheap mortgage finance boost the investment appeal of buying a property to let
Fri 17th Feb 2012 6:11pm - Ex-Aldermore chief Snowdon sets up higher-LTV venture
Former Aldermore chief executive of residential mortgages Colin Snowdon has started work on a new project specialising in bringing higher loan-to-value mortgages into the market.
Fri 17th Feb 2012 2:22pm - More large loan borrowers choosing fixed rates
A quarter of large loan borrowers chose a fixed rate mortgage in the final quarter of 2011, up from a fifth at the start of the year, according to Knight Frank Finance’s latest Large Loan Index.
Fri 17th Feb 2012 4:22pm - Housing completions up 6% in 2011
The number of housing completions in England rose by 6% between 2011 and 2010, according to data published by the Department for Communities and Local Government.
Fri 17th Feb 2012 2:39pm - Government to regulate bailiffs
The bailiff industry is to be legally regulated, the government has announced.
Fri 17th Feb 2012 11:43am - ifs launches entry-level financial advice qualification
The Institute of Financial Services has launched a Level 3 financial advice qualification for new entrants to the sector.
Fri 17th Feb 2012 10:45am - Shawbrook completes £1.8m loan with Brightstar
Shawbrook has completed its largest ever deal, a £1.8m loan packaged by Brightstar Financial.
Fri 17th Feb 2012 10:20am - What next for mortgage rates?
The lowest ever five-year fix homeloan is on offer, but is now the time to get a new mortgage and should you take a fixed or tracker deal? Read our latest analysis
Fri 17th Feb 2012 3:33pm - House prices: What to expect - news and predictions
The property market freeze saw home buyers hit the lowest level in 27 years in 2011. We analyse the latest house prices and property figures.
Fri 17th Feb 2012 3:31pm - Rents on the increase in ‘first ever’ January rise
The average cost of renting went up 0.1 per cent to £712 last month, the first time rents have risen on a monthly basis in January, according to new figures.
Fri 17th Feb 2012 12:02pm - Five tips for checking out letting agents
New landlords, whether accidental or otherwise, are often vulnerable to cowboy letting agents. You need to be very careful when choosing an agent. Even more so if your property is not local to you so you will not be able to keep an eye on it.
Fri 17th Feb 2012 10:55am - Are the days of the middle man numbered?
It is not just estate agents that people are seeking to bypass. The providers of financial services are now in the line of fire
Fri 17th Feb 2012 6:48pm - Are you being served?
Service charges in top-end residential apartments vary greatly for anything from dog-walking to an indoor gym. Lucy Warwick-Ching reports
Fri 17th Feb 2012 9:57pm - My wooden sash windows are cold in winter. What can I do?
Even the most well-made and well-preserved sash windows lose heat through draughts, particularly at the junction between the two sashes.
Fri 17th Feb 2012 5:25pm - Are you being served?
Service charges in top-end residential apartments vary greatly for anything from dog-walking to an indoor gym. Lucy Warwick-Ching reports
Fri 17th Feb 2012 9:57pm - Are the days of the middle man numbered?
It is not just estate agents that people are seeking to bypass. The providers of financial services are now in the line of fire
Fri 17th Feb 2012 6:48pm - Hybrid mortgages seek best of both worlds
Five-year mortgage deals launched with one product allowing borrowers to take advantage of low interest rates with security of a future fix
Fri 17th Feb 2012 6:17pm - Buy-to-let investment appeal surges
Rising rents and cheap mortgage finance boost the investment appeal of buying a property to let
Fri 17th Feb 2012 6:11pm
