Name: Moulton Estates
Rating: 5

TMW scraps age limit for experienced BTL landlords

Gregory Moulton

Posted in Buy to Let, Property Investment On Apr 24, 2018

The Mortgage Works (TMW) is removing all upper age restrictions across its buy-to-let product range for experienced landlords.

Currently, the buy-to-let arm of Nationwide Building Society’s maximum lending age is 70. But having decided that cases from older borrowers who have long invested in the BTL sector offer no more risk than younger ones, TMW will scrap the maximum age restriction for those older borrowers who qualify next week.

From Wednesday 18th April, there will be no maximum age at application nor at redemption for experienced landlords looking to borrow up to 65% loan-to-value (LTV) for either purchase and remortgage.

The same criteria will also apply to limited company mortgages, currently being offered by TMW.

TMW recently increased the maximum LTV for buy-to-let mortgages from 75% to 80% for first time and landlords.

Paul Wootton, TMW’s director of specialist lending, said: “The group of experienced landlords is both growing and growing older, and market options are more limited for retirees seeking to retain their buy-to-let properties in order to supplement their pension.

“By removing the maximum age when applying for a buy to let mortgage, TMW is supporting the increasing market demand in this area.”

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NatWest and Barclays change rates for BTL mortgage products

Gregory Moulton

Posted in Buy to Let, Property Investment On Apr 24, 2018

Barclays and NatWest have introduced rate changes to some of their buy-to-let purchase mortgage products.

Barclays has raised rates across no fewer than 62 products on its buy-to-let, residential and Help to Buy ranges by up to 12bps.

The lender blamed the recent increase in the cost of funds for the hikes.

NatWest has also raised rates, which it said reflected ‘current market conditions’.

Some of its two-year fixed rate BTL purchase products have increases of one to 3bps, while some five-year fixed rate purchases are up by between 6 and 11bps.

Natwest has also made changes to some buy-to-let remortgages, particularly the two-year fixed rate deals, which are up by between one and 6bps.

A NatWest Intermediary Solutions spokesman said: “Having reviewed our portfolio we have made some adjustments to rates to reflect the current market conditions and balance our mix of business.”

Article courtesy of Landlord Today | Sign up for Landlord Today newsletter | Get this news on YOUR site!

Shortage of retirement homes creates opportunities for BTL landlords

Gregory Moulton

Posted in Buy to Let, Property Investment On Apr 24, 2018

Older people are facing a shortage of suitable housing for their retirement, putting pressure on the wider property market.

A new report by Knight Frank, The Case for Retirement Housing, provides in-depth insight into the supply of retirement housing in Britain shows that developers and housebuilders, and to a certain extent buy-to-let landlords, have failed to tap into the opportunities created by an ageing population and there remains a lack of appropriate homes being constructed in the retirement housing sector.

Knight Frank point to the fact that there is currently 11.8 million people in the UK over the age of 65, which is forecast to rise by 20% over the next decade. This means that the time spent in ‘retirement’ will also lengthen, underpinning the crucial need for retirement housing.

Some 725,000 homes in the UK are currently classified as ‘retirement housing’, ranging from age-restricted developments to close care housing, which accounts for around 2.6% of total housing stock and is dominated largely by older stock in the affordable housing sector. Private retirement housing accounts for less than 1% of all dwellings in the UK.

Tom Scaife, head of retirement housing at Knight Frank, said: “The forecast growth in the UK’s older population, coupled with a need for housing that can free up family homes and help alleviate the stress on the NHS and social services, means that the case for retirement housing delivered at scale has never been stronger.

“In its basic form, retirement housing can help reduce loneliness, is a safer environment in a community setting and reduces visits to hospital. The scenario of falling down the stairs at home, commencing a cycle of increased frequency and finally, the need to go into a care home could be negated.

“With increased awareness of the benefits of retirement housing, clarity at the planning stage, and some much needed incentives retirement housing can be delivered at scale and help to tackle the social care and housing crisis in one go.”

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Why over-pricing your property is dangerous

Gregory Moulton

Posted in Buy to Let, Property Investment, Selling Property in St Albans On Apr 17, 2018

According to the February House Price Index Report from Rightmove.co.uk, sellers are 40% more likely to sell their property if priced right when they first come to market. 75% of buyers reported that they were reluctant to even inquire about a property if priced just a few percent too high, therefore, your buyer may not bother enquiring…

First class service, So happy with my new home Read more Read less

Jamie HambletonAugust 3, 2016

I can’t recommend Moulton Estates highly enough - their phenomenal service, friendly, clear and efficient communication and unparalleled local market knowledge meant they were the obvious choice when we sold our home last year. In fact, from start to finish the process was exemplary - and the honesty, care and attention to detail blew us away. These guys are LEAGUES ahead of any other estate agent I have worked with, spoken to or used before. Gregory and the team are truly experts in the St Albans and wider Hertfordshire housing market and it shows. If you are buying or selling then give them a call! Well done guys and thank you again - keep up the great work! Read more Read less

Nick JohnsonOctober 14, 2019

I would like to thank Gregory, Natalie and all the team for their hard work to complete the sale of my property. I found the service offered exceptional, friendly and professional. I would recommend Moulton Estates for these reasons. Read more Read less

Shaughnessy CarolineJuly 29, 2021

Moulton Estates were extremely helpful during the sale of our apartment. Natalie was very proactive and enthusiastic and she supported us on each stage of the process. During the negotiation with the buyers or in case of any misunderstanding with the conveyancer, Natalie and Gregory provided us with all possible support. Overall, very professional, client-orientated and honest estate agency, which was an absolute pleasure to work with. I can’t recommend Moulton Estates highly enough! Read more Read less

Yana LitvinovaNovember 26, 2018

Buying a property is usually a lengthy and stressful process, the team at Moulton try to do everything they can to minimise this. Very good at staying in touch with you and keeping you updated regarding progress. Read more Read less

Adam BellamyJune 14, 2021

I can’t recommend this company highly enough. Moulton Estates are the most professional and helpful lettings agent i have ever dealt with. Gregory (owner) and Lenka could not have done more to help us in our process of moving home. Our new flat is spotless and exactly what we were looking for. Look no further than Moulton Estates. Would give 6 stars if i could! Read more Read less

Matthew RobertsJuly 25, 2020

I can't recommend Moulton Estates highly enough. Fantastic service, efficient and they know their stuff! They sold our flat quickly and helped us through the whole process. Read more Read less

Lindsey LangstonNovember 24, 2016

Trouble free sale process. The team at Moulten Estates were always available and responsive, providing clear updates throughout, and proactively chasing the sale through. No hesitation in recommending. Read more Read less

James DickensMay 8, 2021

I found the staff at the company very helpful and responsive to my questions and went out of their way to ensure the purchase went smoothly. Read more Read less

Richard WoodcockJune 8, 2021

These guys are amazing! We had such a difficult chain, and they went above and beyond to get us exchanged. Couldn't rate them enough. Very open communication, really managed the chain and always on the end of the phone, when needed. Would definitely use them again. Read more Read less

sabrina SabrinaJuly 12, 2020

All Posts in Category Property Investment

TMW scraps age limit for experienced BTL landlords

NatWest and Barclays change rates for BTL mortgage products

Shortage of retirement homes creates opportunities for BTL landlords

Why over-pricing your property is dangerous