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Mortgage Express says buy-to-let market still robust

Mortgage Express says the Council of Mortgage Lender’s latest lending figures demonstrate just how robust the buy-to-let lending market continues to be.

Gus Park, head of buy-to-let at Mortgage Express, says: As buy-to-let celebrates its tenth anniversary, the market continues to enjoy strong landlord confidence and tenant demand.

Combined with the current healthy housing market, which continually
attracts investors with prospects for long-term capital gains, the market
experienced record growth over the first half of the year.

We expect this growth to continue over the coming months as existing
landlords extend their portfolios and new investors see bricks and mortar
as a viable investment vehicle to save for a secure future.

Indeed, buy-to-let lending balances have grown by 32% when compared with the same period last year.


PMPA sees rise in GMAC business

Members of the Professional Mortgage Packagers Alliance have seen rise a in business from the GMAC-RFC Partners range.

Hamptons calls for APRs to be scrapped

Hamptons International Mortgages has called for the Annual Percentage Rate on mortgage products to be scrapped. The call comes as the UKs largest lender the Halifax has joined Nationwide, Woolwich and Northern Rock in offering existing clients new rates.The APR is used to give an indication of the cost of a loan over the entire […]

Paul Rumbold quits Cheval

Paul Rumbold, sales and operations director at Cheval Property Finance Plc is to leave the company because of personal reasons.Ellis Sher, managing director at Cheval, says: “We would like to wish Paul all the best for the future. We understand his desire to be closer to his family in Manchester and while we are sorry […]

PPI firms defend product

Major players in the payment protection insurance market have defended the sector despite a damning report on it from the Office of Fair Trading. The OFT issued a report on the PPI market last week following a super-complaint from Citizens Advice last September. The report highlights numerous problems in the sector including poor product value, […]


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