Buy To Let Mortgage Lending to Increase
Property Investors finally have something to smile about, we haven't even finished with January yet and there have been some positive lender announcements from the two biggest players in the Buy To Let market.
Birmingham Midshires (Halifax) have released a statement that they will be increasing their mortgage lending in 2013.
Likewise, not to be outdone, The Mortgage Works (Nationwide) have also recently announced some Buy To Let rate cuts with Buy to Let rates reduced by up to 0.
80%.
Indeed what we will begin to see from these announcements is a reaction from other lenders to follow suit, a hunger if you like to begin trading competitively again.
In other words, Halifax and Nationwide want your business and more lenders will want to compete.
This is great news for buy to let landlords and also we are hoping it will bring about changes for those first time landlords wanting to enter the market.
Since the credit crunch we have seen a restriction on lending to new first time buy to let landlords.
As funding eases and lenders become more competitive, we can only hope that the young entrepreneurs will be allowed their chance like I was aged 18.
With the average rental yield of properties purchased and rented through Countrywide in 2012 an astounding 6.
2 per cent UK, there has never been a better time for landlords to re-enter the market.
When you compare this to bank interest rates at a maximum of 2-4% for savers, you can start to understand why many are taking their money out of the bank and making it work for them in property.
Most notably we are getting a lot of ex-stock market investors who think the financial markets are now too volatile and that they are more confident that the property market has stabilised.
Take a property in the booming town of Colchester which is only 45 minutes from London Liverpool Street, London's financial hub.
The Yield is an astonishing 8% and there is a £26,250 - £37,500 discount off the conservative market value.
Why would you want to leave your money in the bank for a 3% return? This is an astounding buy to let deal with massive potential growth as you will be buying at the discounted price.
This is what we do and I will be updating you with the biggest news in the property investment market and buy to let market over the next few months.
Birmingham Midshires (Halifax) have released a statement that they will be increasing their mortgage lending in 2013.
Likewise, not to be outdone, The Mortgage Works (Nationwide) have also recently announced some Buy To Let rate cuts with Buy to Let rates reduced by up to 0.
80%.
Indeed what we will begin to see from these announcements is a reaction from other lenders to follow suit, a hunger if you like to begin trading competitively again.
In other words, Halifax and Nationwide want your business and more lenders will want to compete.
This is great news for buy to let landlords and also we are hoping it will bring about changes for those first time landlords wanting to enter the market.
Since the credit crunch we have seen a restriction on lending to new first time buy to let landlords.
As funding eases and lenders become more competitive, we can only hope that the young entrepreneurs will be allowed their chance like I was aged 18.
With the average rental yield of properties purchased and rented through Countrywide in 2012 an astounding 6.
2 per cent UK, there has never been a better time for landlords to re-enter the market.
When you compare this to bank interest rates at a maximum of 2-4% for savers, you can start to understand why many are taking their money out of the bank and making it work for them in property.
Most notably we are getting a lot of ex-stock market investors who think the financial markets are now too volatile and that they are more confident that the property market has stabilised.
Take a property in the booming town of Colchester which is only 45 minutes from London Liverpool Street, London's financial hub.
The Yield is an astonishing 8% and there is a £26,250 - £37,500 discount off the conservative market value.
Why would you want to leave your money in the bank for a 3% return? This is an astounding buy to let deal with massive potential growth as you will be buying at the discounted price.
This is what we do and I will be updating you with the biggest news in the property investment market and buy to let market over the next few months.
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