View more on these topics

Landlord Mortgages backsTMW’s withdrawal from new build market

Lee Grandin, managing director of Landlord Mortgages reacts to The Mortgage Works announcement that it will no longer accept applications for buy-to-let mortgages on newly build properties.

Grandin says:We applaud this decision by the Mortgage Works to withdraw from the new build market. New build properties are often sold on an off-plan basis whereby an investor purchases a property up to a year prior to it being built. This is a very high risk/high reward strategy that we feel can prove particularly dangerous in the current competitive market.

Investors who choose to purchase an off-plan property leave themselves vulnerable to factors such as low resale value due to oversupply, investor flooding and valuations which can be out by as much as 10%. We suggest that people are not tempted by the gifted deposits offered by these schemes and stick to basic buy-to-let principals such as only doing the deal when the figures stack.


e.surv wins Openwork deal

Openwork, the authorised multi-tie network, has awarded e.surv a panel management contract after its existing contract expires in January.

Keep your people up to scratch

Approved persons may have been deemed fit and proper for their jobs at the time of authorisation but firms must verify this remains the case, says Bill Warren

Kensington launches offers on mortgage range

Kensington Mortgages has today revealed a series of offers on its existing product range.The range includes free valuations on all applications up to a maximum property value of 500,000, with 250 cashback in Scotland, and 400 cashback on the high adverse range, with 500 cashback in Scotland.Kensington has also reduced interest rates with rates now […]

2017 and the savings landscape…

Anyone who is involved in the world of workplace savings will recognise that the last few months have been rather interesting to say the least. At the start of the year both employers and the pensions industry were braced for major changes to UK pension tax reliefs in the March Budget. Yet shortly before the […]


News and expert analysis straight to your inbox

Sign up