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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The Council of Mortgage Lenders (CML) has released figures this month that show a sharp rise in homes being repossessed. The figures show that 40,000 people lost their homes last year which is up from 26,200 in 2007. These figures also included buy-to-let repossessions from landlords with buy-to-let mortgages and landlords who are renting...
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This is not a stupid question to ask. I was with a client last week and I was arranging a five year fixed rate buy-to-let mortgage on a 75% loan-to-value mortgage with the Bank of Scotland. While my client and I were signing all the paperwork for their new buy-to-let mortgage, the Bank of Scotland...
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The Chancellor Alistair Darling this morning announced that he had temporarily raised Stamp Duty on house purchases from £125,000 to £175,000 for one year only. This Government believes that this will stimulate the housing market and encourage the First-Time-Buyers into buying their first home. The last time the conservatives were in power they temporarily...
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