Buy-to-let
The Council of Mortgage Lenders (CML) and the Building Societies Association (BSA) have urged the FSA not to introduce buy-to-let regulation when it sets out its final rules for the mortgage market in the coming months.
Consumer requests for mortgages have risen by 50% since January 2009, pointing towards increased activity in the mortgage market, according to the latest Advice Drivers report from professional advice website Unbiased.
Industry figures have been encouraged by the latest statistics from the Council of Mortgage Lenders (CML), despite buy-to-let lending dropping to an eight-year low in 2009.
Other Buy-to-let articles
Rental yields fell by 0.5% in January following a period of intense market activity as investors rushed to purchase transactions before the end of the Stamp Duty holiday.
The Building Societies Association (BSA) has urged against buy-to-let regulation when the FSA sets its final rules for the mortgage market in the coming months.
The buy-to-let market is far more robust than originally feared, according to the National Landlords Association (NLA).
Remortgaging activity among buy-to-let landlords continued to decline in Q4 2009, research from Paragon Mortgages has revealed.
New enquiries for rental properties increased by 94% in January as demand continues to outstrip supply, according to Countrywide’s latest rental market report.
A majority (98%) of letting agents expect the lettings market to stay the same, grow or grow substantially in the next 12 months, according to the tenant referencing agency, HomeLet.
Home of Choice has revealed it will extend its range of mortgage products with loans from Bank of China.
Only 10% of landlords are planning to purchase in Q1 2010 despite a growth in the value of their portfolios in 2009, according to Paragon Mortgages.
Industry figures have warned that the buy-to-let market will continue to struggle in the next few years due to a lack of interest from lenders in the sector.
Paragon Group has reported a pre-tax profit of £13.1m for Q4 2009 in its interim management statement.
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