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B2L confounds the sceptics

Despite doom mongers predicting an imminent bust in buy-to-let, research reveals the sector is continuing to do well and confidence is booming.

Mortgage Trust says increasing lender competition is helping to fuel the buy-to-let market.

Its October buy-to-let intermediary forecast reveals that 50% of buy-to-let intermediaries cite the increased availability of more innovative and competitive mortgage products as a key factor in the generation of business volumes.

For the first time in seven months the percentage of business expected by intermediaries from first-time landlords has risen. The rise, to 17%, shows intermediaries are confident about future property investment.

Nicola Severn, marketing manager at Mortgage Trust, says: “The October buy-to-let intermediary forecast shows intermediaries welcome further product development and believe healthy competition in the market serves to boost the sector.”

The Money Centre has found similar results in its study of landlords. It found that on average, landlords are planning to purchase three properties in the next 12 months, compared with just two in the same survey last year.

The outlook for the property market in general is also positive. An overwhelming 84% of landlords are confident property values and rents will rise, compared with 62% last year, while the remaining 16% think property values and rent will remain the same. Not one of those questioned predict value or rent decreases this year.

Mark Alexander, managing director of The Money Centre, says: “The market has stabilised this year whereas last year there was an air of uncertainty with landlords looking for security with flexible products.”


Nationwide raises MPPI premiums

Nationwide has increased the premiums on its mortgage payment protection insurance. For 12 months’ cover, accident, sickness and unemployment has increased from 5.39 to 5.89, accident and sickness has increased from 2.79 to 3.29, and unemployment has gone up from 3.66 to 4.19 per 100 insured. For 24 months’ cover, accident sickness and unemployment has […]

Sunday Times sponsor OPPLive 05

OPPLive 05, the first business to business exhibition for the overseas property industry, is pleased to announce the involvement of the Sunday Times. The newspaper is joining OPPLive as sponsors of the exhibition, alongside Travelex, which will take place on the 8th and 9th December 2005 at Alexandra Palace, London.David Le Lacheur, Sales Director of […]

FPAC and FSA to work together on regulating product marketing

The Financial Promotions Action Group has announced how it intends to work with the Financial Services Authority towards a market-based solution in the regulation of product marketing.FPAG held its inaugural meeting on October 6, attended by firms from a wide-cross section of financial services. The meeting was addressed by Chris Atkinson, manager strategy and communications […]

Outsourcing contracts shrink says TPI

Technology Partnerships International says that many companies are awarding smaller outsourcing contracts because of increased use of offshore locations. The latest quarterly index from the sourcing advisory firm shows the average value of larger contracts signed worldwide to date in 2005 is 183m, down by almost a quarter from 240m a year ago. The trend […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


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