The Council of Mortgage Lenders has today published the latest figures showing that the Buy-to-let market had risen by 12% in the third quarter of 2010. Some 26,900 buy-to-let mortgages worth £2.8 billion were advanced during this period. There are currently around 1.29 million buy-to-let mortgages. Demand for buy-to-let mortgages is being fuelled by...
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The Financial Services Authority (FSA) has released their mortgage market review discussion paper and they have outlined their proposal for tougher regulations. It is evident that they will be more authoritarian and intrusive in the way they regulate the mortgage industry in future. The FSA want to control the industry as they believe the...
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Some Buy-to-Let landlords have been hardest hit by the current downturn in the economy and are losing properties by three times the rate of ordinary homeowners. Landlords saw the housing boom as an easy way to make money and many felt that the property boom would never end or so they thought. It seems...
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As this recession tightens its grip on our economy many buy-to-let landlords have found themselves unable to sustain their mortgage commitments to repay their borrowings. The chief executive of the housing charity Shelter says that he is worried about the increase in the number of people seeking advice from his organisation. Many landlords and...
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