Landlords Alliance Newsletter – 19 June 2020

Barclays unveils portfolio buy-to-let products

Barclays has launched portfolio products for landlords from 2.11% to 75% LTV with a £1,795 fee.

These are for landlords with more than four buy-to-let properties.

There is also a 5-year buy-to-let purchase product at 2.05% to 75% LTV with a £1,295 fee.

Barclays has also launched residential products. For example, there is a 2-year fixed rate at 1.70% and a 5-year fix at 1.75%, both available to 75% LTV with no fee.

Meanwhile there is a fee-free Help to Buy 2-year fix at 1.92% to 75% LTV.

SDL Auctions to hold largest live broadcast auction this month

SDL Auctions is hosting a major live broadcast auction at the end of the month.

Some 161 residential and commercial property lots will go under the hammer on 30th June.

Properties for auction include a detached family house in Derby, a property in Dudley which is said to have all the makings of a HMO, as well as an apartment in Liverpool which is in a converted pub.

One of the most notable commercial properties going under the hammer is Burton-on-Trent’s former magistrates’ court in Horninglow Street.

Andrew Parker, managing director and auctioneer, said: “Our monthly national property auctions are going from strength to strength, with a growing number of lots each time.

“We’re reaching a huge audience of serious buyers and this is reflected in our excellent sales figures.”

Since the start of the lockdown period, SDL Auctions has sold an average of five properties each working day and raised more than £34m for sellers.

This month’s auction features 39 lots from partner agents.

Parker said: “It’s been a particularly tough time for estate agents as the private treaty market all but ground to a halt in March, with many sales falling through.

“We’ve been able to secure deals for sellers, at the same time helping estate agents to keep some income flowing. It’s a win-win for all parties.”

More News
  • Landlords Alliance Newsletter – 19 June 2020

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  • Shelter The Housing Charity

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  • Homes Fitness For Human Habitation Bill

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