Landlords warned to prepare for surge of post-lockdown tenant moves

Nick Lyons, CEO and Founder of No Letting Go, says: “The combination of tenants whose contracts are expiring, who wanted to move before or during lockdown means the next few weeks and months are likely to be extremely busy for agents and landlords.” https://www.propertyreporter.co.uk/landlords/landlords-warned-to-prepare-for-surge-of-post-lockdown-tenant-moves.html read more

Accord enhances Buy-to-Let product range

“Accord Buy To Let has reduced rates, extended end dates and introduced 14 new products as part of a range refresh, that launched this week, Monday 3rd August.” https://www.financialreporter.co.uk/mortgages/accord-enhances-buy-to-let-product-range.html read more

Digital Bank, Monument, prepares for launch

*“Monument is aimed at professionals, property investors and entrepreneurs who have a net worth of between £250,000 and £5m.” https://www.financialreporter.co.uk/mortgages/new-buy-to-let-and-property-investment-lender-prepares-for-launch.html read more

More help needed for renters: Generation Rent

“The campaign group criticised Rishi Sunak for offering restaurant vouchers to encourage people to dine out, while many renters are struggling to afford to cover the basic costs of food and accommodation.” https://www.mortgagestrategy.co.uk/news/more-help-needed-for-tenants-generation-rent/ read more

New home registrations at highest level since 2007

"Steve Wood, NHBC CEO, comments: “It is great to see the resilience of housebuilders over the 2019 year. This momentum needs to be maintained as we enter a new decade, with the industry ever-more focused on quality and fire safety." https://www.propertyreporter.co.uk/property/new-home-registrations-at-highest-level-since-2007-reports-nhbc.html read more

Why funding a BTL investment with a pension pot could be a mistake

"Royal London suggests that savers should think twice before raiding their pension as not only would they have to pay income tax on any pension withdrawal; they would also incur costs such as stamp duty. These taxes can bite huge chunks out of the initial sum meaning people may need to radically rethink what type of property they can afford." https://www.financialreporter.co.uk/retirement/why-funding-a-buy-to-let-investment-with-a-pension-pot-could-be-a-costly-mistake.html read more

Regulatory changes to the BTL market may decrease the number of ‘pension pot’ landlords.

"In a survey at this week's Financial Reporter Later Life Lending Roadshow, 49% of respondents said that less people will plan to fund their retirement with a buy-to-let property due to recent regulatory changes in the market such as stamp duty increases and cuts to mortgage interest tax relief." https://www.financialreporter.co.uk/later-life/advisers-predict-fall-in-pension-pot-landlords.html read more

Impact launches specialist referral service.

"The service will cover regulated and non-regulated referrals across bridging, commercial, later life lending, specialist residential, buy-to-let and other areas of the specialist lending market." https://www.financialreporter.co.uk/specialist-lending/impact-launches-specialist-referral-service.html read more

Mansfield Building Society launches in Scotland.

Mansfield Building Society has launched its residential mortgage proposition - including its prime residential, self-build, retirement interest-only and Versatility products - in Scotland. https://www.financialreporter.co.uk/mortgages/mansfield-bs-launches-in-scotland.html read more