Posts Tagged ‘guaranteed rent for landlords’
Guaranteed Rental Schemes | Help to Buy housing scheme welcomed by NI housing minister
With our guaranteed rental schemes there are no commission fees, no admin fees and no management fees to pay.
The government’s initiative is designed to allow those who can afford only small deposits to buy a home.
Ulster Bank is the only one so far of Northern Ireland’s ‘big four’ banks to indicate it will participate.
Guaranteed Rental Schemes – We treat the properties on our guaranteed rent scheme as our own
Other banks have suggested they are reviewing the details before making a decision on whether to join.
Details of the scheme, aimed at allowing people to get a mortgage with a deposit of just 5%, were published on Tuesday.
Mr McCausland said it could “give many more local people an opportunity to enter the housing market”.
“I am delighted that many banks have already decided to get involved and I hope more will be looking to see what new mortgages products they could offer,” he said.
Bank of Ireland would not confirm if it would be joining the scheme and said it was reviewing the situation.
Danske Bank has not yet made a decision but said it already offered 95% mortgages.
However, Ulster Bank said: “We welcome the Help to Buy scheme and will announce details of our participation in due course.” guaranteed rental schemes
We work closely with our landlords and tenants to deliver the best Guaranteed Rental Schemes
Its parent company RBS and sister bank NatWest are among lenders which have unveiled the cost of mortgages they plan to offer. Both banks are offering a two-year, fixed-rate mortgage starting at 4.99% for those with a 5% deposit, with no fee.
RBS, NatWest and Halifax will start taking applications this week, with HSBC, Virgin Money, Lloyds, TSB and Aldermore joining later. That means lenders representing about 40% of the UK mortgage market have committed to the scheme.
However, the cautious approach taken by Northern Ireland’s banks was mirrored by three of the largest mortgage lenders, with Barclays, Santander and Nationwide Building Society all saying they were reviewing the details of the scheme, published on Tuesday, before reaching a decision on participation.
Under this phase of the scheme, buyers across the UK only need to provide a small deposit, with the government offering a guarantee of 15% of the loan to the lender – for a fee – to encourage the bank or building society to offer the loan.
That fee charged to the lender is up to 0.9% of the original loan level. This is a one-off fee dealt with entirely by the lender, which guarantees 15% of the mortgage for seven years.
Borrowers who apply will face checks to make sure that they can afford the mortgage payments. The Council of Mortgage Lenders (CML), which represents lenders, said affordability checks would be as “rigorous” as they were with any borrower.
The scheme will be available for first-time buyers and home movers borrowing to buy new and old homes valued at no more than £600,000. It is expected to continue for three years.
It means a buyer looking to purchase a home costing £200,000 would have to put down a deposit of around £10,000. Demands have been much higher than this for many first-time buyers since the start of the financial crisis, usually about 20% of the value of a home.
3Let allows you to guarantee your rent for a term of 1 to 5 years. Contact Guaranteed Rental Schemes today on 020 8694 8098 to find out more.
Guaranteed Rent Scheme | House prices soar by £7,000 in past four weeks
Unlike other schemes for guaranteed rent , we also guarantee you a no void period and we also provide our property management services to you completely free of charge. With our rent guarantee scheme there are no commission fees, no admin fees and no management fees to pay.
Guaranteed Rent Scheme | The £6,923 jump in the past four weeks is confirmation that Britain is enjoying a housing boom.
The £1,750 weekly uplift puts the price of a typical three-bedroom semi at £252,418, according to analysts Rightmove.
The biggest leap was recorded in London where new sellers added an extra £50,484 to their average asking prices this month. Experts said the rise was being driven by renewed interest from buyers following the introduction of the Government’s Help To Buy mortgage scheme.
Fears of a housing bubble were also eased as the number of new sellers coming to market was up eight per cent – although shortages were driving up prices in some regions.
James Hall, director of estate agents Fishneedwater, said: “Wow, the property market is back, and then some. We’re seeing a huge amount of pent-up demand hit the market at the same time.
“People feel a lot more confident about the economy and, due to the introduction of Government schemes, are finally able to get mortgage finance.
“Even mortgage rates at higher loan-to-values are exceptional.
“People are piling back into property. Owners and sellers will be pinching themselves. Bidding wars are becoming an everyday occurrence in some areas of the UK. There’s just not enough property going round and this is sending prices ever higher and creating levels of interest for individual properties not seen for many years. Guaranteed rent scheme
Guaranteed Rent Scheme | Government initiatives like the £80billion Funding For Lending Scheme and the £12billion Help To Buy plan have helped push mortgage lending to a five-year high, figures showed last week.
Buyers taking advantage of record low interest rates and easier borrowing criteria meant total home loans hit an estimated £49.3billion in the three months to September, the Council of Mortgage Lenders said.
That was a third higher than the same period last year and the greatest quarterly total since autumn 2008.
Average house prices are now higher than the previous peak seen in January 2008, according to the Office for National Statistics which also revealed first-time buyer house price inflation is just under five per cent. Guaranteed rent scheme
Miles Shipside, Rightmove director and housing market analyst, said: “Some agents currently report that there is a buying frenzy in parts of the UK with available stock so low that their shelves are now bare.”
The Rightmove research to mid-October showed that across England and Wales asking prices rose by 2.8 per cent month-on-month, following two months of falls, to reach £252,418 on average.
Prices across the country are 3.8 per cent higher than they were a year ago.
Alexander Gosling, director of online estate agents Housesimple.co.uk, said: “The property market really is gathering a head of steam and not just in London.
3Let allows you to guarantee your rent for a term of 1 to 5 years. Contact Guaranteed Rent Scheme today on 020 8694 8098 to find out more.
Rent Guarantee Insurance for Landlords UK | Optimism rises in housing market
Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved.
Four out of five (79%) estate agents are more optimistic about the market this spring than they were a year ago, although this is mainly driven by a belief that sales will pick up rather than house prices increasing, research by Hometrack said.
It added that this spring will be a “key test” of whether households are able to act on the recent signs of improvement in the housing market following Government efforts to unblock lending.
The latest study found that house prices were flat month-on-month across England and Wales in January following six months of falls. Around 16% of postcodes saw prices fall in January, representing a big slowdown in falls compared with the previous two months when around 27% of districts recorded decreases.
Rent Guarantee Insurance for Landlords UK will regularly inspect your property, to ensure it is well-maintained and that everything is as it should be
Rent Guarantee Insurance for Landlords UK | London, which has consistently outperformed other areas, was the only region to see an uplift in prices, with a 0.3% increase. Prices were flat over the month in the East Midlands, the North West, the South East, the South West and the West Midlands. They fell by 0.1% in Wales, Yorkshire and Humberside and the North East and by 0.2% in East Anglia.rent guarantee insurance for landlords uk
Of the estate agents who feel more optimistic about the housing market, improvements to the mortgage situation and a “growing realism” among sellers about pricing were among the main reasons.
Compared with a year ago, the average percentage of the asking price achieved has risen in all regions but two – the East Midlands and the North West. Across the country, the typical percentage of the asking price achieved was 93.1% in January.
Richard Donnell, director of research at Hometrack, said: “Despite the slow start, the housing market looks to be in slightly better shape than the start of the previous two years.
“After the initial downturn in 2008, and the modest bounce-back in 2009/10, the housing market has been struggling to arrive at a point where pricing appears stable and there is broad alignment between what buyers are prepared to pay and sellers are prepared to accept for their home.”
The study regularly asks around 6,000 estate agents and surveyors about achievable selling prices in their area. Lenders and surveyors have previously said that they expect sales to pick up this year amid improvements to the mortgage market following the introduction of the Government’s Funding for Lending scheme.
We treat your properties on our guaranteed rent scheme as our own for you to get the very best services at all times. Contact Rent Guarantee Insurance for Landlords UK today on 020 8694 8098 to find out more.