Year: 2011


Rising Rental Yields

15
Dec

Published 08 December 2011.

RICS Residential Lettings Survey, October 2011.

The latest RICS Residential Lettings Survey reports rising yields on rental properties as a result of increased tenant demand and rising rents.

In the three months to October, 15% more chartered surveyors reported rental yields rose rather than fell. This is the seventh consecutive quarter that yields have increased and reflects the imbalance between rental demand and supply which is continuing to push rents higher.

Read More..


Best Mortgage Deal

23
Nov

Buy to let interest only mortage. 75% loan to value, 4.99% fixed for 2 years then bank base rate plus 4.34% for term, arrangement fee of 1.25% with £500 cashback (subject to terms). As an example a £100,000 property with £75,000 loan would cost £315.77 per month for 2 years with expected rental income of £525 per month.


Best Mortgage Deal

25
Oct

Buy to let interest only mortgage. 75% loan to value, tracker rate of 3.39%, arrangement fee of 3%, no early redemption penalties after 12 months (subject to terms).


Bank of England maintains Bank Rate at 0.5%

07
Oct
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £75 billion to a total of £275 billion. The minutes of the meeting will be published on Wednesday 19th October 2011.

 


Best Mortgage Deal

08
Sep

Buy to let interest only mortgage. 75% loan to value, tracker rate of 3.99%, arrangement fee of 2.5%, no early redemption penalties after 12 months (subject to terms). As an example a £120,000 purchase (the property we have for sale at Canonmills) would require a £30,000 deposit and have monthly repayment of £318 against a likely gross rental of £550.