Co-op broker arm reports massive increase in buy-to-let lending
Posted on December 6th, 2011
Demand for landlords insurance is set to increase, if recent figures released by the Co-op Bank’s dedicated lender Platform are anything to go by. Buy-to-let mortgages now make up a staggering 80 per cent of the new mortgage applications the company receives, compared with only 10 percent last year.
Platform’s business director Lee Gladwell puts the increase down to the fact that potential first time buyers, put off by the size of mortgage deposits, the high cost of living and the uncertain state of both the economy and the job market, are choosing to remain in the rental sector for at least a while longer.
Consider and figure this out?
Posted on December 5th, 2011
? What can I do to cease this from bothering me? Posted on December 9, 2011 by cheap breakdown cover
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Crunch time with Admiral
Posted on November 30th, 2011
My car was damaged – not seriously – while it was parked outside my work. A solicitor, who works below our offices, saw a driver bump into it while he was trying to park and then drive off. He made a note of the number plate and told me what had happened. I went to the police and told my insurance company, Bell. That was over two years ago.
After what seems like hundreds of letters, emails and phone calls, assurances, passing on of details, small claims court proceedings, I am still waiting for repayment of the excess – only £350 – and reinstatement of my no-claims bonus.
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‘No indication’ that tenant demand is losing momentum
Posted on November 28th, 2011
Landlord insurance customers may continue to see strong tenant demand for the foreseeable future, as one expert has said he cannot see it slowing.
Alan Ward, chairman at the Residential Landlords Association, said this trend tends to keep rents high.
“There isn’t any indication of tenant demand slowing as long as the supply side is falling well short,” he added.
However, he noted the market in central London can be much more buoyant compared with the rest of the country and in some areas there are not many potential occupants looking to move into leased accommodation.
It seems that most buy to let investors are seeing success at the moment, though, with Paragon Mortgages recently revealing 22 per cent of landlords expect to extend their portfolios in the next 12 months.
Furthermore, more than half of the respondents (57 per cent) said the outlook for the private rented sector is either “good” or “very good” for the next year.
Tags: Demand, Tenant Demand
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‘Transition’ toward hardening casualty market might have started
Posted on November 26th, 2011
The casualty market might be providing initial indications of a long-awaited hardening, although an expert warns not to read too much in to the latest report.
The latest Lockton Market Update says the casualty and liability markets continue to favor insurance buyers.
It would certainly be premature to discern any clear sign of a hardening market, but 2011 could yet end up looking like a year of transition for the casualty market, said Tony Hardy, leader of Locktons Global Casualty team, in the report. Buy
Tags: Casualty Market, Casualty Market Might, Market Might, Might
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Losing weight and losing faith
Posted on November 26th, 2011
Ask yourself again, “do you want your husband or boyfriend to lose weight”? And Read more…
Tags: Losing, Losing Weight
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