Michael Aglony's Property Blog Archive: Industry News

02, 2008 December:

The return of Buy to Let as a commercial transaction

When the Buy to Let mortgage market started in the early 90's, Loan to Values were at a maximum of 75%, underwriters made decisions to lend based on the overall viability of the transaction and commercial rates were charged.

16, 2008 December:

3 month LIBOR continues to ease slowly - 16.12.2008

There will be a limit to its downward movement towards the end of the year as those banks with 31 December year ends preserve cash on their balance sheet and let creditors rise accordingly.

19, 2008 December:

Merry Christmas and here's to a better 2009!

Base Rate is set to continue to fall in the New Year. What options are available for the professional landlord?

30, 2008 December:

Market awaits Year End movements at Banks

3 month LIBOR continues its downward drift - setting today at 2.82% - still a significant premium to Bank Base at 2%

08, 2009 January:

Bank of England Base Rate cut by 0.5%. How will this effect Buy to Let? - 08.01.2009

So, the Bank of England has announced a further 0.5% cut in the Base Rate. Rates are now at their lowest for 300years and could still go lower.

13, 2009 January:

SWAP rates and LIBOR rates on the move in 2009 - 13.01.2009

The entry into the New Year was no doubt followed by many with a New Year's resolution on how to improve their lot in life and a glass or two, to bid fairwell to a truly awful 2008.

Mortgage Express are waiving all Early Repayment Charges!

Mortgage Express are waiving all Early Repayment Charges for Residential and Buy to Let mortgages between February and June 2009!

22, 2009 January:

It's all about cashflow!

These are tough times and as the recession takes hold many of us are now looking at ways of tightening our belts further...

29, 2009 January:

It looks like Bank of England Base Rate could drop to 1% next week

The next MPC meeting on 4 February with its announcement on 5 February is heading towards a 0.5% cut in Bank of England Base Rate (BBR) down to 1%.

30, 2009 January:

B&B appoint Mortgages for Business for early repayment charge clients

At Mortgages For Business we are delighted to have been appointed as one of two brokers to assist Mortgage Express borrowers looking to take adavantage of the Early Repayment Charge waiver if borrowers redeem their loan in part or full between 1 February and 30 June 2009.

08, 2008 December:

Base Rate reduced to 2%

So Base Rate has been cut by another 1%. Bearing in mind Mervyn King's comments earlier in the month, the reduction is no real surprise and is confirmation (as if we needed it!) that we are heading for tough times in 2009.

25, 2009 February:

Northern Rock resumes lending - what will be its impact?

The announcement that Northern Rock is to resume mortgage lending (£14Bn by the end of 2010) is welcome for the mortgage market as a whole but will probably only drive indirect benefit for the Buy To Let sector.

22, 2009 June:

Increase in fixed rates as "perceived" inflationary pressures start to build. 22.06.2009

Mervyn King hinted in his Mansion House speach last night that there were some signs that quantitative easing was starting to work and that the £125Bn injection may be sufficient - I really hope so !!

Subjects Covered by Michael Aglony