Tag: buy to let
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Will your Borrower Client's Lease Term Accord with CML Handbook Requirements?
Accord Buy to Let is the latest of a number of lenders who have changed their CML Handbook requirement relating to minimum unexpired lease terms (section 5.14.1). The new requirement reads : “85 years from the date of completion of the mortgage“. This replaces the old wording: “60 years from the date of the mortgage…
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Buy-to-Let Conveyancing on the Increase and Set to Continue
Following on from a very active fourth quarter, 160,900 buy-to-let conveyancing purchases involving a mortgage took place in 2013, a jump of 23% compared to 2012. The increase has been fuelled by Buy-to-let landlords benefiting from record low mortgage rates. Competition amongst lenders has seen fixed interest deals at a new low, brokers say. Mortgage…