Buy to let: Lending to landlords soars, as eviction rates rise

Buy to let: Lending to landlords soars whilst eviction rates also riseNew figures have confirmed previous reports that the buy to let sector is booming. Data released by the Bank of England, shows lending to buy to let landlords has increased by 29% in the three months to the end of June 2013, compared to the same time last year. Lending to first time buyers has also increased at a similar rate, confirming that both groups, who often compete ...

Rents and buy to let mortgages on the rise, whilst unlet properties also increase

Rents and buy to let mortgages on the rise, whilst unlet properties also increase 150pxRecent research from Experian has revealed the number of unlet properties is on the rise, raising concerns that the buy to let market could be overheating. Ever since the housing market crashed in 2008, efforts have been made to encourage first time buyers and home movers, but experts believe the success of schemes such as Help to Buy, could be having a detrimental effect on the buy to let market. Experian have revealed that the amount of ...

Mortgages: Lending to first time buyers jumps sharply

iStock_000004085541_ExtraSmallThe latest figures from the Council of Mortgage Lenders (CML), have shown a 42% rise in the number of first time buyers, compared to 12 months ago. Lending to home movers and people remortgaging their property also rose, but the increase in number of first time buyers, who are so vital to the housing market, is particularly significant. Spurred on by government incentives such as Help to Buy and the Funding for Lending scheme, which has pushed down interest rates, 25,100 first time buyers ...

Housing & Mortgage round up: Is the housing market slowing?

Housing & mortgage round up_istockphotoEvidence has emerged this week that the housing market could be slowing, with the usual burst of activity associated with the onset of spring, turning into more of a damp squib. We also take a look at rising rents and news that buy to let landlords, plan to take action against the Bank of Ireland, to stop them increasing the mortgage payments for thousands of borrowers. Housing market slowing? Part 1 In a worrying sign that the housing ...