Michael Aglony's Property Blog Archive: Property markets

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%

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!

23, 2009 January:

Will Base Rate stay below 5% in 2009?

2009 is shaping up to be an interesting year, but hopefully not for the same reasons as 2008. The actions by the Bank of England and other Central banks has been to attempt to stabilise the global markets and right some of the wrongs in recent years.

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.

18, 2009 March:

The Turner Review may impact Buy to Let warns Lord Turner

In the new Turner Report changes may be proposed to the treatment of second charge and Buy to Let mortgages.

15, 2009 May:

Survey's report increases in house prices - 15.05.2009

There have been lots of conflicting reports from various recognised house price indexes of late but at last some good news!

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 !!

23, 2009 July:

At last - Funding for HMOs, Freehold Conversions & Limited Companies returns! 23.07.2009

We at Mortgages for Business have been aware for some time that many landlords and property investors have been struggling to find finance for certain property types e.g. HMOs and Freeholds split into several self-contained units...

10, 2009 September:

Improved Funding for landlords

The re-launch of Base Commercial as Aldermore Bank following the acquisition of Ruffler Bank is starting to bring benefits to landlords with Buy to Let and residential investment properties.

Subjects Covered by Michael Aglony