December 13, 2008
FSA need to tighten up BTL market
Story link: FSA need to tighten up BTL market
A bit of a complicated situation here, but all we know is where there is a winner; there is a looser on the other side.
FSA need to tighten up BTL market
A year after calls for investment warnings on all Buy to Let mortgages, the FSA has taken no action, claims solicitors and repossessions specialists Moore Blatch.
The firms warns that with the number of loans in arrears approaching 2 percent and repossessions now standing at 0.22 percent the scale of the problem calls for immediate regulation.
December 7, 2008
Save on long term rentals
Story link: Save on long term rentals
As always, for an individual to win, another has to lose in a money based market, which is exactly what is happening here. Companies that are liquid and profitable are able to get credit to the high hills, snapping up all potential rental accommodation, while first time buyers, even ones with good credit ratings sit and wait until the banks will lend them the money.
Problems with buying property in Scotland are leading more people to take longer leases with residential landlords, according to one a Scottish letting company.
Braemore Property Management has said that more tenants, particularly those whose property plans have been influenced by the credit crunch, are choosing to extend their leases as they consolidate in rented accommodation.