What will 2017 look like?

Our friends at onlinemortgageadvisor.co.uk recently interviewed a panel of industry experts to reveal how they see the mortgage market unfolding in 2017. Topics put to the panel include: * The future of Buy To Let * Brexit & Regulation * House Prices * The Bank Referral Scheme Connect’s very own Managing Director Liz Syms was asked to give an insight into the market and the key things for clients and mortgage brokers to…

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Get on the property ladder with help from your family

In today’s world getting on the property ladder can be a real struggle. Millions of wanna be home owners find themselves either living with their parents or renting expensive accommodation meaning they can only manage to save a small deposit to buy their first home. A growing number of lenders are starting to recognise the problems facing first time buyers and are coming up with new innovative mortgage products to…

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Landlord Rental Index Report – December

What is the HomeLet Rental Index Report? The data included in the Rental Index is gathered from HomeLet’s tenant referencing service. The rental amounts given are based on the actual rental prices achieved for new tenancies in the reported month. The monthly report also provides landlords with useful information on tenant demographics like their average age, income, previous residential status and the type of property they are applying to live in. As well…

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Could you save in 2017?

Your mortgage was probably the last thing on your mind over the festive season, but with Christmas come and gone now might be the perfect time to review your mortgage and perhaps put some money back in your pocket to make up for what you may have spent over the last few weeks. If you have a fixed rate mortgage coming to an end in next few months or want to…

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Landlord Rental Index Report – November

What is the HomeLet Rental Index Report? The data included in the Rental Index is gathered from HomeLet’s tenant referencing service. The rental amounts given are based on the actual rental prices achieved for new tenancies in the reported month. The monthly report also provides landlords with useful information on tenant demographics like their average age, income, previous residential status and the type of property they are applying to live in. As well…

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National Rent Review Report

Landbay the specialist buy-to-let mortgage lender has put together their first Annual National Rent Review, which provides a detailed look at the UK’s private rental market, based on the UK wider rental data from the Landbay Rental Index, powered by mortgage market analysts MIAC. The report provides an overview of the 2016 rental market; what has happened to rents across the nation and some of the factors driving these changes…

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Merry Christmas | Opening Hours

The team at Connect would like to wish you a very Merry Christmas! Our offices will be open over the festive period from 10am to 4pm between the 28th to 30th December and normal office hours will resume from Tuesday 3rd January. Thinking about moving home in the new year? Here at Connect we offer a free no obligation consultation as part of our service to help you understand how…

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Buy-to-let Regulation Changes

Buy-to-let mortgage lenders will shortly need to align their rental income calculations so to adhere to the recent PRA Supervisory Statement. Currently the typical buy-to-let income ratio used by mortgage lenders, dictates that rent achieved from the property must cover 125% of the mortgage payment, which is based on an interest rate of 5%. This is set to rise in January to between 125% and 145%, on an interest rate…

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Buy to Let Britain Report

Kent Reliance have released the fifth edition Buy to Let Britain report What is the Buy to Let Britain Report? A Biannual report that examines the key trends in the private rented sector (PRS) and the Buy to Let (BTL) mortgage market place. The report provides landlords with relevant information on market trends, how increases in costs have affected the sector and the increase of investors securing property through limited company…

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Case Study: Family Concessionary Purchase

Have you come to the end of your mortgage with no repayment vehicle? Have you thought about family concessionary purchase? Below is a case study, showing how selling your property, at a discount to a family member can benefit. CUSTOMER PROFILE: Mr and Mrs Williams live in their three bedroom property in Warwickshire. They purchased the property in 1996, for £65,000, using an interest only mortgage over a term of 20…

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