Lenders Should Support Longer Tenancies
Lenders are being called upon by landlords to support longer term tenancies, following a refute from the Council of Mortgage Lenders regarding political criticism over tenancy length. In December, Conservative MP and former property lawyer Will Quince had argued that the CML contributed towards blocking tenancies of over a year long. He said: ‘The stumbling […]
Buy-to-let rates set to rise
Buy-to-let mortgage rates were largely unaffected by a sharp increase in swap rates in the final quarter of 2016, but this is unlikely to remain the case in 2017, as higher rates are eventually passed on to buy-to-let landlords, a leading mortgage exert has predicted. The Q4 2016 results of Mortgages for Business’ Buy to […]