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Bristol & West simplifies buy-to-let criteria

Bristol & West has simplified buy-to-let criteria.

Across all buy-to-let mortgages, irrespective of the portfolio size or loan value the rental cover requirement is now calculated on 125% of the loan repayment using a nominal rate or the payable rate for fixed rate products of three years or more, previously five years or more.

To make borrowers&#39 lives easier, clients can borrow for up to 10 properties and maximum total lending is now £1.5m. Individual loans are now available up to £350,000 up to 85% LTV.

Buy-to-let loans are available for purchases and remortgages in England, Scotland and Wales and now include purchases with existing tenants in England and Wales and remortgages with existing tenants in Scotland.

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.