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Rent rises accelerate

Residential rents have picked up at their fastest pace in four years, figures from the Royal Institution for Chartered Surveyors reveal.

Tenant demand for rented property continued to rise in the quarter prior to July, having held firm over the previous quarter. Demand is strongest for flats.

Levels of new available rented property picked up after stagnating in the previous quarter, though this increase is slight and not enough to cap rents.

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Yorkshire rents hold steady

The August edition of Paragon Mortgages’ Buy-to-let Index shows that despite a seasonal slowdown, regions such as Yorkshire and the North-West continue to outperform other parts of the country. Yorkshire saw rental incomes rise from 9,383 in June to reach 10,495 in July. Over 12 months, rents in Yorkshire rose by 36.7%.Landlord property values in […]

BuildLoan helps the self employed

BuildLoan, the intermediary arm of self build and renovation specialist BuildStore, is offering intermediaries an even wider choice of mortgages for their customers with the launch of a raft of products from The Mortgage Business aimed at people who are self employed. All four of the new TMB products are self certification, which means they […]

Pru reveals lifetime mortgage rate

The Pru has finally revealed the rate for its lifetime mortgage, the Prudential Property Value Release Plan.The monthly compounded rate of interest is 6.45%, with the AER for comparison 6.64% and APR 6.9%. Pru says the rate is competitive against single lump sum providers offering a lower rate, because the client may be able to […]

Mortgage Choice joins Freedom’s distributor panel

Mortgage Choice has joined Freedom Lending’s panel of mortgage distributors. Mortgage Choice is a member of the Professional Mortgage Packagers Alliance and will market the entire Freedom Lending range which includes self-cert, buy-to-let, let-to-buy and the On-Track sub-prime range. Colin Snowdon, managing director of Freedom, says: “Mortgage Choice has a reputation for marketing competitive products […]

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