The cost of renting in the UK in seven charts

[loanarranger]

There is an excellent item on the BBC Web Site this morning re the costs of renting in the UK, use the title for source , There are several graphs which prove very informative even for seasoned professional landlords.

[loanarranger]

Personally I would focus on paying off my Residential mortgage before making subsequent acquisitions to the rental portfolio, currently you enjoy various tax benefits on the BtL but none on your main residence so for the present it might be considered prudent to use such surplus monies to make further...

[loanarranger]

It is my understanding that the Mortgage Product Fee together with any Booking Fee can indeed be claimed in the 1st year, if the fee has been added to the basic loan then the amortised Interest charged on the additional monies is used in the annual tax calculations. At the end of the day the amortised...

[loanarranger]

Hi JamesHopefull
You have raised an interesting question and one that is difficult to explain given that in the majority of instances lenders are invariably governed by “What does he Computer Say” and find it very difficult to comprehend the nature of carried forward losses on Tax Returns...

[loanarranger]

I think the pointers by myself and indeed Gordon999 provide an opportunity of assessing on a like for like basis the prices achieved and the gross prices sought by vendors within a 0.25 mile radius by perhaps over enthusiastic estate agents seeking instructions to sell even if the price eventually...

[loanarranger]

Before submitting to. The “Invite” from Hantsagent which seemed close to self advertising, might I suggest that you use the basic data from Rightmove in terms of Sold Prices achieved and then go to Home Sales for identical properties on the market, using at the very best a 0.25 mile radius and...

[loanarranger]

You are indeed correct, Lending Decisions are now virtually within the domain of a remote processing centre. Personal Business Managers have no mandate which is quite depressing when the Bank cites you as a Premier Customer.

[loanarranger]

Gordon is indeed correct but only in part; as the property is a semi commercial unit there are several lenders who are prepared to consider such applications; the loan to value and indeed the basis of valuation is much dependent on the strength of the immediate locality and the commercial units within...

[loanarranger]

Please excuse my cynicism but lenders today seldom place value on customer relationships, any proposition must stand up to the criteria prevailing at the time of submission.
There are lenders who will accept applications for semi commercial units but for some there are exclusions on the type of...

[loanarranger]

Hech123, the best response I have had the pleasure of reading, absolutely spot on and to put the icing on the cake I couldnt help but squirm at the proposals made by John McDonnel , the Marxist shadow chancellor.

[loanarranger]

Today I had a response from the reporter at The Guardian thanking me for my communication and the question over how such persons do raise the necessary finance. Apparently this matter is now going to be investigated further in conjunction with ITN , so as they would say "Watch this space"

[loanarranger]

[QUOTE=Gordon999;n1045990]This guardian newspaper report says that PM is giving support :

Well that’s all right , we can now all go to bed knowing all will be right with dealing with rogue Landlords!!...

[loanarranger]

It has been revealed today that Nat West is giving serious consideration to changing its policy towards allowing Landlords to accommodate Housing Benefit Claimants on AST’s; todate this has been strictly forbidden.

[loanarranger]

That is a fair question but worthy of investigation.
I have as yet not come across any portfolio landlord who hasn't got mortgages on some or all of the investment properties.I am sure there are exceptions.

[loanarranger]

Rogue Landlords
Following the article in the National Press yesterday regarding Rogue Landlords and seeming to get away with their antics on tenants despite having numerous convictions, I have to ask myself if there isn’t a case of procurement of mortgage finance by uttering false declarations...

[loanarranger]

Hi Gordon999 , TM announced on the 3rd October “Fuel duty will be frozen for the ninth year in a row, Theresa May has pledged, an announcement that will leave the chancellor with a deep hole to fill in his October budget.
I think it is a case of wait until Monday but as I have a voucher for treble...

[loanarranger]

TMW Stress Test
I understand that TMW are giving serious consideration to making adjustments to the stress Calculations covering Portfolio Investors & Further Advances. Although the lender has achieved the required level of lending in 2018 for BtL they have noticed that the level of new applications...

[loanarranger]

Victoria
Libor as it existed was always slightly higher than Bank Rate, anything between 0.2/0.5 above Bank Rate. The only slight benefit/ adverse feature of Libor was that the rate was set every three months and therefore would result in either having a short term benefit or adverse effect on...

[loanarranger]

Correct, I spoke with Paragon this morning and indeed they are using Sonia as the basis of rate setting rather than 3 Month Libor but this only applies to loans which were indeed linked to Libor but any mortgage offers being made now quote a reversionary rate which is between 4.85% and 5.60 depending...

[loanarranger]

Lenders criteria may get tougher in 2019
At a conference with lenders yesterday it was revealed that the Financial Conduct Authority was expressing reservations on the methodology of data being remitted by lenders and its potential impact on lending and the market as a whole both for Regulated&...