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Student Property Lets

Posted by on May 10, 2013 in Latest News | 0 comments

Student property lets can potentially offer a very good investment return.  University towns and cities are seeing lower property prices and rising rental yields.  As with any investment property you must research your market, close proximity to the university campus and easy access to the town centre are normally essential requirements. Students tend to be less fussy than professional tenants, older houses with plenty of rooms (where there are currently two reception rooms one can be converted to an additional bedroom).  Kitchens and...

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First time buyers drive home loans to five year high

Posted by on Mar 21, 2013 in Latest News | 0 comments

First time buyers helped mortgage lending in January 2013 to its highest level for five years, according to figures from the Council of Mortgage Lenders (CML). Despite a seasonal dip compared with December 2012 , 38,300 mortgages were advanced in January, the strongest start to a year since 2008.  For the third month in a row, first time buyers accounted for 42 per cent of all house purchase loans.  The Bank of England’s Funding for Lending Scheme (FLS) that gives lenders access to cheaper funding, has helped boost the housing...

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Bank of Ireland – tracker rate increase

Posted by on Mar 6, 2013 in Latest News | 0 comments

Bank of Ireland have announced that they are to increase tracker rates for thousands of existing customers.  The bank is writing to over 13,000 customers to inform them of its plans.  For buy to let customers, the rate will jump from Bank of England base rate plus 1.75% to base rate plus 4.49% from 1st May 2013 and for residential customers the increase will be in two stages and will culminate in a new interest rate of  base rate plus 3.99%  from 1st October 2013.

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