Starling Bank snaps up buy-to-let lender Fleet Mortgages for £50m

Starling Bank moves into mortgages: Digital challenger snaps up buy-to-let lender Fleet for £50m as part of expansion drive Starling Bank has made its first corporate acquisition, buying Fleet Mortgages  It is part of the bank’s expansion drive as it targets IPO by 2023  Starling has reassured existing Fleet customers that it won’t change the … Read more

Landlords have bought 250k fewer homes since 2016 due to tax changes

Punitive tax changes have meant that landlords have bought a quarter of a million fewer homes in the past five years. Since April 2016, landlords have bought around 700,000 homes across Britain. This is 250,000 – or 26 per cent – fewer than they would have if the tax regime had stayed the same, according … Read more

Buy-to-let green mortgages: What’s available to landlords?

Three in five landlords are now interested in a ‘green’ mortgage – but only four lenders are offering them, and only one on new purchases.   A total of 62 per cent of landlords described themselves as ‘interested’ in the loans, which reward them for making their properties more energy efficient, according to research by mortgage … Read more

Landlords fall behind on gas safety checks in nearly half of rented homes

A significant number of UK landlords are putting themselves and their tenants at risk by not complying with required safety regulations, a new survey has suggested.  Almost half of tenants living in privately rented accommodation with gas mains say they have not had their gas appliances checked in the last 12 months, according to research … Read more

Buy-to-let mortgages flood back with 200 launched in March – but rates are highest since 2019

Landlords are seeing the choice of available mortgage deals increase as the number of products on the market rose by 233 last month alone. Mortgage options increased for the fifth consecutive month in March meaning there are a total of 2,333 buy-to-let products now available, according to the latest Moneyfacts data. This means the number … Read more

Tenants win more in deposit disputes than landlords: Make sure you get yours back with these tips

Tenants locked in deposit feuds have been awarded 50 per cent more money back than their landlords when disputes go to adjudication. Roughly one in every 30 tenancy deposits are disputed according to the Deposit Protection Service – one of the three Government-backed schemes for England and Wales. Since the start of 2018, 66,768 tenancy … Read more

Will green mortgages encourage landlords to improve energy efficiency?

Landlords could get preferential treatment when applying for mortgages if their properties are energy efficient, as lenders begin to launch new green products to the market.   This week, Paragon Bank launched a new range of buy-to-let mortgages which offer lower-deposit options to landlords whose properties have an Energy Performance Certificate rating between A and C. … Read more

Credit Suisse rocked in Archegos Capital Management meltdown

Credit Suisse has been thrown into crisis just weeks before Antonio Horta-Osorio joins as chairman from Lloyds Bank. The Swiss investment bank was already reeling from the aftermath of a spying scandal and its exposure to bust lender Greensill Capital. But now it has revealed it will suffer a ‘highly significant’ hit to its profits … Read more

Off-plan home sales reach six-year low as landlords exit market – but could homeowners fill the gap?

The proportion of homes bought off-plan hit a six-year low in 2020 as landlords left the market – although there are signs homeowners may be warming up to the idea of buying a home before it is fully built. A third – or 33 per cent – of new-builds that completed in England and Wales … Read more