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Wednesday, August 12
Huge drop in long-term fixed mortgages
by
Jet-to-Let Magazine
on Wed 12 Aug 2009 10:13 BST
Home-buyers seeking long-term fixed-rate mortgages are struggling to find a good deal, because of the credit crunch.
New research shows the number available has dropped significantly with just 39 deals with fixed-terms of 10 years or more on the market. MoneyExpert.com claims there were 137 available a year ago.
Overall, ... more »
Monday, August 3
Nationwide cuts mortgage rates
by
Jet-to-Let Magazine
on Mon 03 Aug 2009 10:20 BST
Britain's biggest mutual cuts interest rates by up to 0.5 percentage points for borrowers with hefty deposits Homeowners will benefit from the first drop in mortgage rates in months after Nationwide announced that it is cutting the cost of its most popular deals tomorrow. Britain's biggest building society is reducing ... more » Friday, July 31
UK's mortgage market 'still weak'
by
Jet-to-Let Magazine
on Fri 31 Jul 2009 10:36 BST
Despite recent figures from the Bank of England (BoE) indicating a rise in mortgage approvals last month, the market remains weak, it has been suggested. According to the Council of Mortgage Lenders (CML), the statistics are still low compared with previous levels. The BoE data showed that mortgage approvals for ... more » Tuesday, July 28
Lack of buy-to-let mortgages 'holding back investors'
by
Jet-to-Let Magazine
on Tue 28 Jul 2009 16:35 BST
Landlords are being prevented from purchasing properties due to a lack of available buy-to-let mortgages, according to Paragon Mortgages. In its latest PRS Trends Report, it suggested that 43 per cent of landlords questioned reported that a lack of finance is the main obstacle preventing them from expanding their property ... more » Wednesday, July 1
Interim regime for property sale and rent back begins today in UK
by
Jet-to-Let Magazine
on Wed 01 Jul 2009 16:13 BST
A new interim regime for landlords that operate property sale and rent back businesses comes into force in the UK today. SRB landlords and companies have one month to submit an application to the Financial Services Authority for permission to continue their business activities as full regulation kicks in. Under ... more » Tuesday, October 21
Collapse in mortgage lending intensifies
by
Jet-to-Let Magazine
on Tue 21 Oct 2008 11:14 BST
The collapse in mortgage lending continued last month as banks further tightened the screws on home loans and would-be buyers shied away from the plunging housing market, new figures confirmed today. The total amount of mortgage lending by banks and building societies last month fell to just £17.7 billion, the ... more » Wednesday, October 8
CBI urges interest rate cut
by
Jet-to-Let Magazine
on Wed 08 Oct 2008 10:18 BST
Pressure is building on the Bank of England to reduce interest rates this week after Britain's biggest business lobby called for a sharp cut and City economists warned of "a deeper and longer" recession than initially feared. Economists at UBS slashed their global growth forecasts in response to "the dramatic ... more » Friday, October 3
Overseas property owners renting out to cover costs in current economic downturn
by
Jet-to-Let Magazine
on Fri 03 Oct 2008 11:10 BST
The credit crunch is having a major impact on overseas property owners who are finding it more expensive to visit their second homes. The general economic climate means they are now trying to rent out their property but the rising cost of flights and travel is impacting that market too.... more » Wednesday, August 27
Mortgage lending figures give some hope
by
Jet-to-Let Magazine
on Wed 27 Aug 2008 16:29 BST
The number of new mortgages agreed by leading banks edged higher last month, raising hopes that the worst of the drought in the home-loans market may have passed. A total of 22,448 loans for house purchase, rather than remortgaging, were approved by banks during July. Although this was still a ... more » Wednesday, August 6
Fast not slow at Northern Rock
by
Jet-to-Let Magazine
on Wed 06 Aug 2008 14:51 BST
February 2008 was a bad month to buy a bank, even if the purchase price was zero and you had £27bn of loans to protect. Given the slump in the housing market, the government's "investment" in Northern Rock, the mortgage lender it had to nationalise after a depositor run last ... more » Wednesday, July 30
HSBC latest to cut mortgage rates
by
Jet-to-Let Magazine
on Wed 30 Jul 2008 13:13 BST
HSBC has become the latest mortgage lender to cut its rates following a drop in wholesale funding costs. The group is reducing its two-year fixed rate mortgage by 0.31%, while longer term fixed rate loans are being cut by 0.16%. It is also cutting the booking fee ... more » Sunday, June 8
Banks are only as safe as houses
by
Jet-to-Let Magazine
on Sun 08 Jun 2008 16:49 BST
As mortgage lenders struggle to shore up their balance sheets, a new crisis may be on the way from the buy-to-let market House prices are already falling by more than 25 per cent a year. That is the figure the experts at M&G have come up with by extrapolating the ... more » Thursday, June 5
Abbey increases mortgage rates and Egg quits mortgage business
by
Jet-to-Let Magazine
on Thu 05 Jun 2008 14:44 BST
Tuesday, June 3
Mortgages: Nationwide raises rates
by
Jet-to-Let Magazine
on Tue 03 Jun 2008 16:39 BST
Nationwide building society announced today it was increasing the cost of its fixed-rate mortgages by up to 0.3%. The changes, which come into force tomorrow, wipe out some of the rate reductions made by the lender last month. The group is increasing the rate of its best two-year fixed-rate mortgage ... more » Thursday, May 8
Buy-to-let: professional investors cash in on the credit crunch
by
Jet-to-Let Magazine
on Thu 08 May 2008 16:40 BST
The amateur buy-to-let investor has had his day. Deterred by falling property prices and hampered by a lack of mortgage credit as banks tighten their lending criteria, small players who want to buy one or two homes to supplement their income or bolster their pension are fast disappearing. At the ... more » Thursday, May 1
Abbey trims some mortgage rates
by
Jet-to-Let Magazine
on Thu 01 May 2008 11:11 BST
Abbey, owned by Spain's Santander is trimming some fixed and flexible mortgage rates as it tries to lure new customers in the face of a credit crisis and deteriorating outlook that have seen rivals retreat.
Abbey said on Thursday it would cut its two-year fixed-rate mortgage deals by 0.11 percentage ... more » Tuesday, October 9
ECB chief says eurozone may suffer from banking fallout
by
Jet-to-Let Magazine
on Tue 09 Oct 2007 09:36 BST
Europe’s fledgling economic revival could suffer in the coming months as credit conditions among banks are set to tighten, the eurozone’s top central banker said yesterday.
Jean-Claude Trichet, President of the European Central Bank, said that growth in the eurozone could turn out to be worse than expected ... more » Thursday, October 4
Mortgage prices will rise with lenders cashing in on rival's turmoil, says HBOS chief
by
Jet-to-Let Magazine
on Thu 04 Oct 2007 11:01 BST
Andy Hornby, the boss of "Looking forward, we can already see that mortgage pricing is starting to adjust ... more » Tuesday, August 14
Buy-to-let sector remains buoyant
by
Jet-to-Let Magazine
on Tue 14 Aug 2007 17:24 BST
Borrowers took out 171,800 new buy-to-let mortgages, worth £21.2 billion, in the first half of 2007, according to data released by the Council of Mortgage Lenders (CML). By the end of June, the number of buy-to-let loans outstanding had reached a record 938,500. The value of outstanding loans totalled £108 ... more » Monday, February 12
FREE groundbreaking property investment magazine
by
Jet-to-Let Magazine
on Mon 12 Feb 2007 11:31 GMT
Sign-up today for a new, FREE groundbreaking property investment magazine: "Expert opinion, comment and analysis from property industry insiders brought straight to your door." http://www.jet-to-let-magazine.com more » Tuesday, October 10
The rise of the landlord millionaire
by
Jet-to-Let Magazine
on Tue 10 Oct 2006 13:26 BST
Research published by Paragon Mortgages shows the remarkable growth of the buy-to-let business in just ten years. The average professional buy-to-let investor now owns 12 properties, usually flats or houses in city centres, worth £1.54m. To qualify as a 'professional', they have to own at least three properties and have ... more » Friday, June 23
UK property market - instant mortgages!
by
Jet-to-Let Magazine
on Fri 23 Jun 2006 13:27 BST
A number of specialist mortgage lenders are drawing up plans for instant mortgage approvals that would give house hunters access to immediate mortgage offers without even requiring them to obtain a formal property valuation. The move comes as strong growth in the availability of electronic information accelerates the process of ... more » Monday, June 5
The Jet-to-Let Bible reaches Amazon bestseller spot before publication
by
Jet-to-Let Magazine
on Mon 05 Jun 2006 23:07 BST
The Jet-to-Let Bible: the secrets of overseas property investment has stormed to Number 1 Bestseller in its category on Amazon, even before a single page has been printed. It is also in the top 10 of all property investment books, beating such notables as Donald Trump. The book, ... more » Monday, March 13
Property Investment Courses - April 8 and 9 2006 - London
by
Jet-to-Let Magazine
on Mon 13 Mar 2006 12:47 GMT
The next Bewarethesharks.com property investment courses will take place in London over the weekend of 8/9 April 2006. For further details telephone 0151 482 5525 or visit the property investment courses website at: www.bewarethesharks.com more » Friday, March 3
Alliance and Leicester enter the UK Buy-to-Let mortgage market
by
Jet-to-Let Magazine
on Fri 03 Mar 2006 13:30 GMT
Tuesday, January 10
Happy New Year, US interest rates, UK mortgages, UK Spending
by
Jet-to-Let Magazine
on Tue 10 Jan 2006 15:48 GMT
Happy New Year! We very much hope that you and yours had a relaxing and enjoyable Christmas, and that 2006 ... more »
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