£ for £ remortgage with NO Interest Cover Ratio
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In the current market, some landlords are struggling to meet the lender’s requirement for rental income to be 125% – 145% of the mortgage payment. This can leave some stuck on the lenders standard variable rate, a higher rate of interest.
View Full Article: £ for £ remortgage with NO Interest Cover Ratio
Fed-up BTL landlords look to sell as interest rates rise
The rise of social media has seen self-professed ‘property experts’ offering property investment courses and pricey one-day seminars with promises of becoming ‘financially free’. By that, they mean rich.
But these so-called property gurus charge a hefty fee for their advice
View Full Article: Fed-up BTL landlords look to sell as interest rates rise
Private rents in Scotland soar by 14.3% in a year
Despite a rent cap, there has been a sharp increase in average rents across all property sizes in Scotland, with the most common size of home in the private rented sector (PRS) – two-bedroom homes – rising by 14.3% in the year to the end of September.
View Full Article: Private rents in Scotland soar by 14.3% in a year
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