LME Move to launch Buy-To-Let mortgage & re-mortgage assistance
Nationwide property services supplier and co-ordination hub LME Move has announced its intended collaboration with a well respected FCA authorised and regulated group of independent financial advisers and whole of market mortgage consultants earlier this week.
The agreement, when finalised later next month, will see LME Move become an appointed representative of the group and allow the company to introduce its landlord and property investor clients to obtain assistance and access to whole of market Buy-To-Let mortgages and re-mortgages deals.
Timing is everything
Commenting on the agreement LME Move’s Operations’ Director said, ‘With the ever increasing pressure on Buy-To-Let landlords from the recent swathe of rental sector reforms announced by George Osbourne many are considering the best course of action for their portfolios.
We have received numerous requests from our landlords and property investor clients for assistance with respect to mortgage and re-mortgage options.
When it comes to listening to and supporting our clients LME Move always goes one step further. Therefore we are pleased to announce this forthcoming agreement to provide yet another invaluable service for our landlord and property investor clients.’
Obtain assistance and be the first to know
Interested landlords and property investors wishing to review their future or existing Buy-To-Let mortgage options can read more about the service on the LM Experts website here. They can also contact LME Move’s International Marketing Director directly via: email@example.com
Further information about LME Move’s full range of other nationwide property services for landlords, letting agents and property investors – including gas safety certificates, boiler services, electrical safety certificates, legionella risk assessments, smoke & CO alarms, RICs surveys, out of hours emergency property services and building, plumbing and electrical maintenance services can also be obtained from: firstname.lastname@example.org or by visiting www.lmemove.com
Usually our first week of the New Year is a bit of a slow burner, with people taking their time to get back in the swing of things and start thinking about property again. From the moment we reopened on the 4th January, we have been inundated with frantic property buyers desperately trying to find their next purchase(s). We are receiving offers on houses within MINUTES of them going live on our website and our valuers can’t book them into the auction quickly enough.
So why the rush?
For the first time since 2012, London has slipped out of the top 10 best cities in Europe for property investment to 15th place as a result of high prices and a crunch on yields.
Berlin and Hamburg came out on top in 1st and 2nd place, while Birmingham was 6th according to the Emerging Trends in Real Estate report by PwC and the Urban Land Institute.
The Help to Buy: Equity Loan scheme helped more than 60,000 people onto the property ladder in Q3 2015, according to the Department for Communities and Local Government (DCLG). Showing an annual increase of 4%, 81% of the purchases were made by first-time buyers, with 50,969 being first properties. Andy Frankish, NewHomes director at Mortgage Advice Bureau, said the scheme continues to reach its target audience of first-time buyers and commented on the new dedicated Help to Buy scheme for first-time buyers London.
The Help to Buy: Equity Loan scheme helped more than 60,000 people onto the property ladder in Q3 2015, according to the Department for Communities and Local Government (DCLG).
Showing anannual increase of 4%, 81% of the purchases were made by first-time buyers, with 50,969 b eing first properties.
Andy Frankish, NewHomes director at Mortgage Advice Bureau, said the scheme continues to reach its target audience of first-time buyers and commented on the new dedicated Help to Buy scheme for first-time buyers London:
“The introduction next year of a dedicated Help to Buy scheme for London, with an increased 40% equity loan, will be welcome news for first-time buyers struggling to afford to buy in the capital. The scheme will require a maximum 55% mortgage, rather than one at 75% loan to value.”
“While the equity loan scheme is well ingrained in the sales of new homes, and continues to evolve in response to buyer’s needs, more creative solutions that address underlying problems to housing affordability must be developed in addition to targeted schemes.
The greater focus being placed on shared ownership will help, as will the creation of Starter Homes, but these will need the full support of lenders to have the desired effect. Increased housebuilding will eventually deliver more homeownership opportunities.”
Article kindly shared by Ryder & Dutton & Mortgage Advice Bureau
Lead Galaxy has launched the first ever student property investment comparison portal.
Dedicated to the booming student housing sector, www.StudentProperty.Investments allows investors to search and compare dozens of student accommodation investment opportunities.
The site’s stripped down interface makes it easy to locate the newest and best opportunities in the sector. An innovative smart table allows investors to find and compare properties by yield, terms, buyback or starting prices. Results can quickly be filtered before making an enquiry about multiple listings with a single click. The intuitive, responsive design means that the site is available on the go on any mobile device, offering the most specialised information to the widest possible audience of international investors.
Knight Frank’s latest Prime Country View report highlighted the rise of urban prime in the UK over the past decade. According to the report, prime property values in town and city markets have jumped 26% since 2005, compared to just 7% for rural properties. Whilst rural homes languish at 13% below their 2007 peak, prime city residences have now exceeded their former peak by 3%.
House Price Index, October 2015 coverage:
UK release date: 15 December 2015
• UK house prices increased by 7.0% in the year to October 2015, up from 6.1% in the year to September 2015.
• House price annual inflation was 7.4% in England, 1.0% in Wales, 0.9% in Scotland and 10.3% in Northern Ireland.
• Annual house price increases in England were driven by an annual increase in the East (10.4%) and the South East (9.5%).
• Excluding London and the South East, UK house prices increased by 5.6% in the 12 months to October 2015.
• On a seasonally adjusted basis, average house prices increased by 0.8% between September and October 2015.
• In October 2015, prices paid by first-time buyers were 5.9% higher on average than in October 2014.
• For owner-occupiers (existing owners), prices increased by 7.4% for the same period.
• Average mix-adjusted house prices in October 2015 reached £300,000 in England and stood at £174,000 in Wales, £196,000 in Scotland and £158,000 in Northern Ireland
John Swinney announces move to match Chancellor George Osbourne
In yesterday’s Budget, John Swinney, finance minister for Scotland, matched the move made by Chancellor George Osborne in his Autumn Statement and introduced a 3% surcharge on Land and Building Transaction Tax (LBTT, Scotland’s equivalent to stamp duty) for purchases of second homes and buy-to-let property.
The Bank’s governor, Mark Carney, said he was concerned about high levels of lending to landlords and that the Bank would take action. “There are a number of things happening … we are watching it closely and we will take action,” he told the FT. Mr Carney said the problem was that investors might sell their properties at the same time if house prices fell.