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Lenders are not buying buy-to-let downturn

Mortgage Express has doubled the size of its maximum buy-to-let loans to £2m – a clear sign that lenders believe fears of a buy-to-let downturn are unfounded.

The increase acknowledges the rising cost of property, particularly in the south east. Mortgage Express is confident about the future of buy-to-let after its own research found nearly two-thirds of landlords are planning to increase their portfolios over the next two years.

Roger Hillier, product development manager at Mortgage Express, says: “Despite speculation in the press that the market may be saturated and that the buy-to-let bubble is about to burst, it&#39s clear to us that property investors are confident in its long-term prospects. So we&#39ve responded with a maximum total loan increase which will allow landlords to capitalise on this, and which takes into account the rise in property prices.”


CML promotes training initiative for lenders

The Council of Mortgage Lenders is developing a training package to help lenders get staff and their intermediaries up to speed with mortgage regulation, Mortgage Strategy can reveal. Although the initial package will be aimed at lenders, the CML is considering a similar programme for intermediaries. The package will be modular in form to allow […]

New adverse credit fixed products from Genesis

Correspondent lender Genesis Home Loans has released four new, low cost, fixed rate products as part of its Planets & Moons adverse credit range. The rates – which are all fixed until 1 October 2003 – are dependent on the LTV of the mortgage required and start at 4.99% up to 65% LTV. At 75% […]

Norwich Union endowment shortfall scandal

Homebuyers who at first believed that they were protected from the endowment failure scandal are now facing a shortfall after all. Many people&#39s homes and retirement prospects are in danger as millions of policies have been sold on the basis that they would raise enough cash to pay off the borrower&#39s mortgage. Two years ago […]

Has buy-to-let really left the building? The buy-to-let boom

The buy-to-let market has become the topic of the moment. The CML estimates that £14.7 billion has been invested in buy-to-let in the past six years and outstanding balances were estimated to have reached £600 billion by the end of 2001. Headlines everywhere shout of the &#39Buy-to-let boom coming to an end&#39, &#39Buy-to-let reaching saturation […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


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