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Hi Veronica, The government have started making this happen with higher stamp duties and higher tax for landlords which hurts most investors. We have already seen buy to let volumes drop quite significantly over the past 12 months.

Well I would agree with you, but I am in the mortgage business and that's where we make our money. :-)

I doubt it, you rarely see banks lose out. Some may make their money back on fees and other will hope that their borrowers will revert to their standard variable rates and make additional margin there - You will be surprised the % of people that don't change their rates upon renewal.

With buy-to-let landlords being hit from all sides with changes that could affect their businesses, it is no major surprise to learn mortgage rates for BTL loans are dropping. The past three months have seen a drop of around 4% in the amount a buy-to-let mortgage might cost, according to...

Tough question... It depends on your stance on the market. If there are less BTL properties due to the fact that first time buyers are now buying these properties then we are at a level playing field again so no need for rents to rise. However, I believe that rents will rise due to the changes...

It is a headline many of us expected, but perhaps not to the degree that has occurred. The Council of Mortgage Lenders has confirmed a “weak start to 2017” for the buy-to-let market, and there is no sign this will change at present. Activity in this portion of the housing market is around...

Hi Mac, If you both sold your respective houses to each other, your parents would be left with £195k cash / equity to buy your house outright with no mortgage. (285k - 90k outstanding) You would have 50k equity, selling at 190k less the £140k mortgage (excluding fees and costs etc) and then...

New research has shown that some postcode areas are outperforming others in terms of buy-to-let properties. Capital gains and rental yield were just two of the elements considered in the research by LendInvest. Rental price growth was another key factor. The research has also shown which areas...

Hi Phil, Lenders will look at the most recent set of accounts if they are lower than the previous years and with a buy to let, lenders have thresholds of income to be met. Some lenders will lend on income under £20k (PAYE and dividends),others will only lend with provable income above £20k...

Answer: Most people assume that you need 3 years’ worth of trading accounts to get a mortgage – only a few lenders now have this approach to their lending criteria in today’s market. There are lenders out there who will lend to you based on just one year trading and one year’s accounts so all...

Dear Rob & Alex, Have you given any consideration to how these property purchases will be financed as it may not be as easy as you hope? When buying an investment property the mortgage lender will want to know if it is a long term investment as they will not lend for short term flips - and most...

Hi Adam, A couple of points that may stop you doing this... What is your intention with the current property if you are moving away? I would assume it would be to let the property out? If this is the case the current mortgage lender would need to provide you consent to let and so would the...

Very good question and the answer is not a straightforward one. First of all you need to take some tax advice from a tax specialist or an accountant as your current tax bracket could change and could make the difference in the answer provided. The new tax changes being implemented over the next...

Hi Adam, I believe it would mean paying back the discount, but as they have said it is a legal question for their legal department. Apologies, for confirmation of this all I can do is ask you to make contact with the department in question. Can you direct the question via the legal company you...

Most probably the answer is yes whilst banks and building societies are adapting to the new rules laid out to them. Some good news: Thankfully there are still a few lenders out there that are offering rental calculations at 125%, rather then the new & seemingly standard 145% calculation...

Hi Mischa, I may be missing the point of your question - please clarify. regards Darren

This depends on the size of the default, whether or not it is satisfied and the date of the default. For example, a £200 default from 13 months ago which has now been satisfied would not be a problem for most lenders. In comparison a £1500 unsatisfied default from 6 months ago would be near...

Yes it is - There are a lot more lenders entering this part of the market which is refreshing.

This is one of our "Ask the expert" topics based on a residential mortgage and the answer was as follows: Thankfully the answer is now YES. In recent months we have had a few more lenders changing their lending criteria to allow the older borrowers the availability to borrow into their...

Hi, No you do not need confirmation of an agreement in principle. The reason for this is purely for your own peace of mind so that you know that you can obtain a mortgage (if you need one) Darren