The original online application system and still the best.
For the use of mortgage intermediaries & other professionals only
Media Centre
ONE THIRD OF BROKERS EXPECTS THREE MORE RATE CUTS IN 2008
05 March 2008
As the industry prepares for Thursday's announcement from the Monetary Policy Committee, brokers are clearly expecting further cuts in base rate, latest research from BM Solutions demonstrates.
Whilst nearly half of brokers questioned (49%) believe that the interest rate won't dip below 5% this year, over a third expect rates to go as low as 4.5% - which would require another three reductions.
Buy to Let returns rise to 16.3% in 2007
16 February 2008
New research from BM Solutions shows that the average total gross return for a buy to let (BTL) investor was 16.3% in 2007 (exclusive of fees and mortgage interest costs). This is up from a total gross return of 13.5% recorded for 2006.
Across all regions of the UK capital values on BTL properties increased. So too did rental values (up 13.1% in year to December). Much of the growth in capital values occurred in the first half of 2007. The impact of the five Base Rate increases between August 2006 and July 2007 led to a more subdued BTL market. Capital growth slowed to 1.6% in quarter four of 2007. We expect the slowdown in the BTL market to continue into 2008. As a result, average total returns for BTL investors in 2008 are not expected to be as strong as in the recent past.
