View more on these topics

Scottish brokers most positive about B2L future: L&G


Brokers in Scotland are the most confident about buy-to-let’s future, according to Legal & General.

L&G research shows that 63 per cent of Scottish brokers think the 2016 buy-to-let market will remain the same size as last year, despite the 2015 surge in activity.

Just 49 per cent of mortgage advisers in London were as positive.

But opinion varied across the UK. In Manchester, 71 per cent of brokers thought there would be a reduction in buy-to-let in 2016.

In Nottingham, 57 per cent of brokers expected the buy-to-let market to either expand or remain the same this year.

Legal & General Mortgage Club director Jeremy Duncombe says: “Despite a whirlwind of changes to the buy-to-let market, including the Government’s stamp duty hike and the reductions in tax relief on the horizon, it’s clear that a large number of brokers remain confident that buy-to-let will remain strong in 2016.

“Though there are concerns that Government interference could mean a reduction in buy-to-let activity this year, our research shows that many brokers in both England and Scotland believe the market to be well positioned to absorb the impacts of these measures.

“Even now, amid the uncertainty brought about following June’s referendum result, borrowers will be looking to remortgage their buy-to-let properties as a potential reduction in rates looms.

“Brokers need to grasp this opportunity by contacting their books now to ensure these individuals get the crucial advice they need when it comes to securing a better rate on their mortgage.”



Metro Bank cuts residential and B2L five-year fixes by up to 0.30%

Metro Bank is cutting five-year fixed rates on its residential and buy-to-let mortgages by up to 0.30 per cent. The changes take place today. Metro Bank head of mortgage distribution Charles Morley says: “We’re pleased to announce a reduction across our five-year fixed rate mortgage range, benefitting those customers looking for a longer term mortgage […]


Kent Reliance launches new B2L range

Kent Reliance has launched a 65 per cent LTV buy-to-let range. The lender, part of OneSavings Bank Group, says the range comprises two-year fixed rates two-year discount products up to loan sizes of £3m. The new range is also available for borrowers wanting to purchase or raise funds for HMOs and student lets. OneSavings Bank […]


InterBay cuts B2L and HMO rates

InterBay Commercial has cut rates on its buy-to-let and HMO ranges. Variable rates will now start from 4.2 per cent, and five-year fixed rates, which are stress-tested at pay rate, will start from 4.4 per cent. InterBay is also removing 70 and and 80 per cent LTV brackets for buy-to-let and HMO. The lender says […]


Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]


News and expert analysis straight to your inbox

Sign up

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now