Buy to Let Mortgages

Buy to Let Blog

Ying Tan's Blog

Ying Tan is widely acknowledged as the guru of the Buy to Let mortgage Industry and expert on the property investment housing market.

Ying is regularly called upon by the mortgage media to provide comment on all areas of the market and is a regular speaker at various events.

In 2010, Ying was voted Best Specialist Mortgage Broker at the prestigious British Mortgage Awards by senior figures within the mortgage Industry.

Ying's blog will be updated frequently to provide an insight into his thoughts about what is happening in the Buy to Let market place.

Changes on the Way for Portfolio Landlords

Posted 31/07/2017

School’s out for summer but it’s more than just the youngsters heading into new classes in September who’ll be facing some change. Yes, the buy to let market is prepared once again for a shake up once the summer is over, this time as a result of the second phase of Prudential Regulation Authority changes.

Phase Two affects portfolio landlords and will see lenders required to take a stricter approach to affordability. In short, when a landlord with a portfolio seeks a mortgage the lender will need to see rental information for all of the properties in their portfolio. It may mean the mortgage process will take a little longer – at least in the short term as they get to grips with the new process. But, as with all the changes the market has had to face, we’ll adjust and we’ll get back to the day job!

Banning Letting Agent Fees – A Dangerous Move?

Posted 10/07/2017

The Queen’s Speech may have been somewhat on the slim side, with many Conservative party pre-Election manifesto policies omitted, but one policy was followed through on. The ban on letting agent fees, first suggested in last year’s Autumn Statement, was included in the speech with a draft bill announced.

This bill also included a proposed cap on security deposits. If it is passed, landlords will only be able to charge a maximum of one month’s rent as a security deposit. This is a dangerous move. Landlords charge security deposits for a reason – to give them the protection and reassurance they need in order to let out the property. For tenants deemed to be a high risk, such as those with pets, that deposit will obviously be higher. If landlords are unable to price for risk, the chances are they will just stop letting properties to higher risk tenants.

Once again, the government seems to have misunderstood the implications of their actions.

The Latest BTL Hotspot?

Posted 13/06/2017

Landlords, it’s time to put down the newspapers, stop reading coverage of this chaotic excuse of an election, avoid reading the negative headlines and focus on your future. In fact, it’s time to look north.

Yes, according to latest research the UK’s number one buy to let hotspot is now Liverpool. Figures show this north west city is seeing landlords achieve average rental yields of 8%.

We’ve said for some time now that investors should consider casting their net beyond London and the South East. Changes to rental coverage requirement have meant many landlords are now priced out of the capital but, as these figures show, there is still plenty of opportunity to be had for those buyers willing to look across the UK and, at present, the north west seems like the place to be.

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