Lifetime variable rate mortgages

We have a lender that we use regularly that will lend to first time landlords and for professional landlords they don’t have a maximum portfolio size, so they are very much open for BTL business.
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Highest lending levels since 2007 [CML]

The CML Regulated Mortgage Survey for September 2013 shows that although home-owner purchase lending fell, within the quarter itself lending was the highest level since 2007.
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Lenders starting to increase BTL trackers - Landlords help needed

You may have already heard or been affected by the increase by Bank of Ireland in their BTL tracker margins. Well recently West Bromwich Building Society are now effectively copying by increasing their base rate tracker margins by 2% as of December 2013. Property118.com highlighted this back in September but we wanted to make sure that our subscribers were fully aware of the potential for Class Action that is being looked into. Not only might you be affected by the Bank of Ireland or West Bromwich decisions, but who knows which lenders will be next? If youre a landlord with a BTL tracker mortgage the visit Property118.com to register and help fight this case. As Propert118 states you maybe ok today, but what about next week, next month or next year? So register with Property118.com now.
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Decorating ideas for new home owners

Decorating a new home completely can seem a daunting task and it is easy to get swamped with design ideas.  There are plenty of websites that offer design advice, but here are some tips to get you started. Prioritise It is essential that before you start thinking about colour schemes and replacing light fittings, you determine whether any structural work needs to be done in the property.  Planning at this stage will save money and headaches later on.  Knocking down an internal wall to make an open plan space for example will create a lot of dust and debris, which you do not want settling on freshly painted walls.  Consider where you will want light fittings and light switches placed, as this could involve running new electric cabling through the walls.  Jobs such as these need to be completed before any plastering to walls is carried out.  The same goes...
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3-Years For BTL To Become Energy Efficient

The Telegraph reports 1-in-10 BTL properties will be unlettable in 5-years time! In 2018 it will be an offence to let out a property within the lowest energy efficiency ratings, and from 2016 tenants can legally make reasonable requests for energy improvement measures.
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Getting On The Property Ladder

  As costs rise and incomes stagnate, first-time buyers may feel they are relegated to paying rents to live.   Those who do manage to find enough deposit money however, must identify the best financial package for their circumstances including where to source their property!   If you answer these 5-simple questions positively, you will be reassured you could progress successfully to becoming a property owner.   1. Is My Bank Account Clean? ~ If your bank statements balance more often than not, it shows you are actively managing your money; something lenders like to see. Lenders normally want at least 3-current monthly statements showing your income and expenditure. Though an overdraft may reduce the maximum loan you could obtain, in itself it is not a problem provided it is not out of control. Unpaid cheques, direct debits or excessive bank charges are red-flags.   2. Can I Get A Mortgage? ~ Paying a lender administration and survey fee only to be turned down is really frustrating and...
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Top ten things to watch out for when applying for planning permission

“Applying for planning permission can be a daunting experience, but it needn’t be that way if some thought is put into potential pitfalls that can be avoided,” says Michael Holmes, spokesperson for The Southern Homebuilding & Renovating Show (30 June – 1 July 2012, Sandown Park, Surrey).
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People searching – but where are the sellers

According to Rightmove, the early signs for 2012 shows an increase in search activity – up 27% on 2011 with 44 million property searches. Rightmove see this partially due to pent up demand due to the continuing lack of mortgage funding. They also believe that Estate agents are marketing the lowest number of properties ever – just 1 new property per week per branch. Asking prices – a mixed bag Although only just into 2012, Rightmove has seen initial asking prices up by 1.4% in the first week – although still 0.8% lower than last months figures. The average asking price is now set at £224,060 and represents a 0.4% increase since January 2011. 2012 – the winners and losers Rightmove is attempting to forecast who it sees to be the winners and lowers to come in the next year: · 2012 Winners: deposit-assisted first-time buyers, equity-blessed trader-uppers, savvy buy-to-let...
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Europe are going to try and regulate BTL mortgages

  The EU is proposing that in future when you apply for a BTL mortgage, the rent from existing properties cannot be counted toward your income. Europe are going to try and regulate BTL mortgages... if they succeed this would start in 2013 and would mean that Lenders would not take the rental income into consideration when you apply for a BTL mortgage - the same as the European model. It would be based on your income alone. Please look at the website and the link to the e-petition is also below... Please pass this on... I have just signed the e-petition. https://submissions.epetitions.direct.gov.uk/petitions/22767
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Landlord Action Buy to Let Seminar - Discount offer

We are pleased to announce the next date in our successful series of Buy-to-Let Seminars. And, we are offering £30 discount to Just Do Property visitors.
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Building Regulations

The practice around Building Regulations amongst lawyers is varied. For most alterations a local authority will only enforce a breach of Building Regulations within one year of completion of the development. However, after that period the local authority can still take proceedings for an indefinite period if the structure is dangerous and constitutes a public risk.
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Pay off your Mortgage and secure a strong pension

In just 10 years from now, how would you like to have paid off your home mortgage in full and have secured a strong pension?
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Buy-to-let mortgage lending stable

The Council of Mortgage Lenders (CML) quarterly report on mortgage lending shows that buy-to-let lending was down around 3.5% in the 1st qaurter of 2011, echoing the overal lending fall of 11% in the wider market.
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Paul Preston and Simon Zutshi inspire at the Manchester pin meeting

An absolutely fantastic meeting last week at pin Manchester with a packed full house of Investors. If you attended you would have had the privilege of listening to two fantastic speakers, Paul Preston and Simon Zutshi.
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Landlord Action and Kate Faulkner team up for a seminar on the possibilities and pitfalls of buy to let

On Thursday 21st April 2011, Landlord Action, an organisation specialising in tenant eviction, and property expert and Director of Designs on Property, Kate Faulkner, will be joining forces to deliver a seminar on the possibilities and pitfalls of buy to let investments. The one day event will be held at the Holiday Inn, Kensington Forum, London.
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How to supplement your BTL income by at least £50,000 per year

I’ve just read an incredibly thought-provoking article about just how valuable – and transferable ­– our skills as BTL investors can be…  For sometime now, I’ve been following the blog of UK Property Expert, Lyndon Forshaw, with interest – especially his approach to new build developing. In his latest free download, he reveals that the transition from BTL investing to new build developing is not as much of a leap as you may think…  As you’ve probably noticed, making genuine regular profits from buy-to-let is far, far harder than it used to be! That’s why it’s more important than ever to supplement your long-term investment strategies.  Of course, BTL is a great long-term investment strategy. Although, the value of our portfolio can be considerable… after finance and maintenance costs, it can be hard to yield regular income… In fact, sometimes we can be lucky if we make any!  Though of course, with BTL that...
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