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.

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.

Fixed Rates Rising but Don’t Despair

Posted 12/05/2017

If you’ve read the headlines you’ll be aware that buy to let fixed rates are creeping up.

In April two, three and five year fixes all began to move upwards. Now, we all know the press is keen to talk down the buy to let market at whatever chance it gets, so naturally this news is being billed as yet another blow for landlords. But don’t despair. This is not the bad news it’s made out to be.

Firstly, the reason rates are creeping up is because they have already fallen so much. Lenders slashed rates to attract business following the challenges in the market of late. Those rates could only ever fall so far. Secondly, rates are still extremely competitive and tracker rates continue to fall in some cases. And finally, if lenders are willing to increase rates it means they’re no longer desperate for business, they’re getting business – indeed, buy to let is alive and well.

Buy to Let Price War Begins

Posted 28/04/2017

There was some good news for the buy to let market this week. Yes, you read that right! As mortgage rates continue to fall to record lows with some lenders offering rates below 1% the buy to let market is set to benefit too.

Santander has announced a new range of buy to let remortgage rates starting at 2.29% for a two year fix at 60% LTV and 2.59% at 75% LTV. Meanwhile Accord has made a reduction of 0.20% on a number of its remortgage products and Leeds Building Society has launched a new purchase-only two year fix at 1.99% up to 60% LTV. It’s clear that lenders are keen to entice landlords at a time when many are feeling the impact of the new tax system and restructuring their portfolios as a result.

A price war can only be a good thing for the market and will hopefully inspire those investors who may have been feeling a little disillusioned by the market of late. Let the competition commence!

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