Posts Tagged ‘Buy-to-let’

Buy To Let Changes From The Lenders

Buy To LetThere are some important changes to the Buy To Let lending criteria, since January 2017.

Since the 1st January 2017, mortgage lenders have increased the amount of rent required for a Buy To Let (BTL) Mortgage.  Previously, most banks would have lent £139,676 based on £800 pcm rent. The figure now for most banks is £120,376.  A fall of around 14% could affect lot’s of property owners for this year, trying to add value to their portfolio.

Money Management – May 2016

In this month’s money management, we look at:

  • Buying your first home

    Buy to Let

    Landlords and how buy-to-let investors rushed to complete before the April 2016 stamp duty changes took effect.
  • How the national living wage has now become a legal requirement for employers.
  • A number of changes to capital gains tax and entrepreneurs’ relief have been introduced for 2016/17.
  • We also look at the attitudes of senior managers can often be an obstacle to the introduction of flexible working.
  • Stamp duty changes lead to buy-to-let surge.
  • Changes to stamp duty introduced in April 2016 have been linked to changes in the buy-to-let market.

Money Management Tips- March 2016

In this month’s Money management Tips

Money management tips, explains, understanding the consequences of poor money management is essential for financial security.

There are changes to mortgage tax relief that buy-to-let mortgage applicants may not be aware of.

The Bank of England expects average wages to rise by 3% in 2016.

There is a lack of confidence in whether home insurance policies will pay out.

A new kind of Innovative Finance ISA will be available from April 2016.

Autumn Statement 2015

In George Osborne’s Autumn Statement there were few big surprises and headline grabbing announcements we’ve recently come to expect.


In a combined Spending Review and Autumn Statement, changes to government departmental budgets dominated the Chancellor’s speech.

Day-to-day spending of government departments will fall by an average of 0.8% a year in real terms.

The transport (37%), energy (22%) and business (17%) departments are facing the largest cuts. The core administration budget for culture, media and sport will fall by 20% but there will be increased funding for the Arts Council and sport.

NHS spending in England will increase from £101 billion in 2015/16 to £120 billion by 2020/21, including £6 billion next year. It is also expected to make £22 billion in efficiency savings in the next 5 years.

The economic news was largely positive. The combined effect of better tax receipts and lower debt interest has resulted in a £27 billion improvement in public finances compared to July.

The government will borrow £8 billion less than forecast and aims to have a budget surplus of £10.1 billion by 2020.

GDP is forecast to grow by 2.4% this year and has been revised up from July to 2.4% in 2016 and 2.5% in 2017.

Apart from the economic update, the Chancellor did announce some measures that will affect businesses and individuals. The following report summarises the announcements made by Chancellor George Osborne during the 2015 Autumn Statement on Wednesday 25 November 2015.

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