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B2L market could grow by 40% in next decade

Alliance & Leicester says the buy-to-let market could grow by a whopping 40% in the next 10 years.

A report by A&L and think tank the Centre of Future Studies found the rental market is growing in popularity, particularly among students and single people. A&L believes positive attitudes towards renting will spark growth of 40% over the next decade.

Stephen Leonard, director of mortgages at A&L, says: “Demand for rented property has been growing steadily in recent years and returns on buy-to-let have increased.

“This growth is expected to continue as the number of renters rises further and buy-to-let becomes even more attractive.”


Boosting confidence in MPPI

CETA is attempting to re-store brokers’ confidence in mortgage payment protection insurance by introducing a more detailed fact-find that includes additional customer questions.

Saffron launches interest free product

Saffron has launched its lowest ever mortgage rate with 0% interest for the first six months.The mortgage is particularly targeted at those who have recently divorced or separated and need some time to get back on their feet after moving house.After the interest-free period the next 30 months are at the discounted rate of 0.7% […]

Intermediaries pessimistic about green plans

A survey, by UCB Home Loan shows that 67% of intermediaries believe that the UK will not be able to achieve its target of making all new homes carbon neutral within the next 10 years.Less than thirty homes in the UK are currently carbon neutral, but the government wants all new properties to fall into […]

TMP brokers to use Convex

Intermediaries at The Money Portal are to use Convex Conveyancing’s online system. Duncan Samuel, managing director of Convex, says: “Our conveyancing system can facilitate the purchasing of a property using a fully qualified solicitor 41% quicker than a traditional conveyancer on average. We also offer an anti-gazumping option.”

How to use wills to protect your clients’ wishes

By Ross Jackson, senior protection marketing manager March is Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research […]


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