BTL Insider

EXCLUSIVE: Behind Glenhawk’s planned 2025 BTL entry In an exclusive interview, BTL Insider spoke to Jamie Pritchard, managing director of sales at Glenhawk, about the work going into the firm’s first BTL offering. Bridging loan lenders Glenhawk is targeting the first quarter of 2025 for its entry into the BTL market. Work is ongoing and good progress has been made, but Jamie doesn’t want to rush anything. Read the full feature on BTL Insider: https://lnkd.in/efUNrtny Guy Harrington Chris Daly, CFA

The Bank of England has cut interest rates from 5% to 4.75%, in the latest meeting of its monetary policy committee (MPC), to the relief of many in the industry. Industry professionals Paresh Raja, CEO of Market Financial Solutions, Mark Harris, CEO at SPF Private Clients, Amy Reynolds, head of sales at estate agency Antony Roberts, Neal Moy, managing director at Paragon Development Finance and Tim Parkes, CEO at RAW Capital Partners have had their say. Read the full story on BTL Insider: https://lnkd.in/eCVP-y8m

MT Finance has completed its first public BTL securitisation, Pierpoint BTL 2024-1. Commenting on the closing of Pierpoint BTL 2024-1, Gareth Lewis - managing director at MT Finance - called this a “pivotal moment”. Marylen Edwards, director and head of BTL at MT Finance, added: “The remarkable feedback we received from the two rating agencies reflects our commitment to robust processes, thorough underwriting, and prudent risk management." Read the full story on BTL Insider: https://lnkd.in/eytzB_au

The majority of rental listings advertised on Facebook Marketplace appear to be, or have the hallmarks, of scams according to Generation Rent UK. In a statement, Generation Rent added: “It is vital that the government takes the initiative in building more affordable and social homes across the country, to protect renters from poverty and desperation. “Online websites are also responsible for making sure that their content is moderated and that their users are kept safe from scammers.” Read the full story on BTL Insider: https://lnkd.in/ejz28KNw

Three landlords have been fined a collective £452,796 for “significant breaches” of the Housing Act 2004, by West Northamptonshire Council. "This case sends a strong message to landlords who neglect their responsibilities and put tenants at risk,” said Rosie Herring, councillor and cabinet member for housing. Read the full story at BTL Insider: https://lnkd.in/ezPkAxpF

Generation Rent UK has named former MP, and author of the Homes (Fitness for Human Habitation Action) Act 2019, Dame Karen Buck as its new chair. Karen said: “It’s a privilege to join Generation Rent when renters are so high up the political and media agenda." At Generation Rent she will work alongside CEO Ben Twomey who said: “The pressures on renters right now are enormous, but so too are the opportunities for change." Read the full story on BTL Insider: https://lnkd.in/eNNDvxYg

The government has been urged to do more to support the student rental sector in the aftermath of the latest hikes in tuition fees. “We do now need an urgent review and reform of the way that higher education and our students are funded,” said Alex Stanley, vice president of higher education at the National Union of Students (UK). A spokesperson for the National Residential Landlords Association - NRLA added: “The NRLA believes the government must take steps that enable landlords to stay in the market so they can provide much-needed high-quality accommodation for students.” The Empiric Student Property plc spokesperson added: “We expect the change in tuition fees will have limited impact on affordability and students’ ability to attend University" Read the full story on BTL Insider: https://lnkd.in/eNP6yf6d

Fleet Mortgages has unveiled a new range of five-year fixed rate products, available across three core areas: standard, limited company and HMO/multi-unit block. “Competitive mortgage rates will play a strong role in terms of supporting landlord profitability, keeping them invested and also providing them with loans in order to make purchases were appropriate,” said Steve Cox, chief commercial officer at Fleet Mortgages. Read the full story on BTL Insider: https://lnkd.in/eHQc64u3

The Chartered Institute of Housing (CIH) for Northern Ireland has entered a new partnership with tenancy deposit protection scheme TDS Northern Ireland to support landlord training. “The CIH Level 2 Award is a valuable qualification for any landlord who wants to improve their property management practices and ensure that their tenants have a positive experience,” said Justin Cartwright, national director at CIH Northern Ireland. Eamonn Hunt, head of TDS Northern Ireland, added: “By supporting landlords to gain the necessary qualifications, we are helping to raise standards and improve the quality of rental accommodation" Read the full story on BTL Insider: https://lnkd.in/ecmZmaBJ

Property auctioneers have warned that the increase in stamp duty land tax, as announced in last week’s budget, could reduce rental housing supply. Stuart Collar-Brown BSc (Hons) MNAVA, president at NAVA Propertymark, said: “The Budget will no doubt have mixed reactions, with some celebrating the unchanged CGT rates for residential properties but the increase in SDLT will surely have a negative effect on private rental sector stock levels and thus possibly increase rent due to further lack of availability” Read the full story on BTL Insider: https://lnkd.in/eqsdP3UQ