Tuesday 24 February 2009

How will the Northern Rock announcement affect Landlords?


Yesterday's announcement that the Government intends to use Northern Rock to pump £14billion of mortgage lending into the UK market could kick start the mortgage market.

Landlords know just how desperate the Buy-to-Let mortgage has become over the last 18 months and whilst it seems that none of this £14billion will end up being directly lent to Landlords there is little doubt that it can only help the overall mortgage market.

As with most things that the Government do the devil will be in the detail but if £14billion is really going to be pumped into the mortgage market this will be a very significant step. Alistair Darling confirmed that Northern Rock would be offering mortgages up to 90% which is of huge importance to first time buyers. It has been calculated that this £14billion will fund around 46,000 average mortgages.

This initiative is likely to push other lenders to offer competitive deals as they will not want to be left behind. The hope is that this will generate increased activity in the mortgage market. In itself this will not help Buy-to-Let Landlords as none of this money is aimed at Buy-to-Let, but it is probable that lenders will eventually begin to look to other ways to generate income and so, in time, lenders will return to Buy-to-Let.

Most commentators think that even if the residential mortgage market recovers quickly it will be some time before Buy-to-Let and Commercial lending returns to anything like the previous levels. It is our belief that competition in the Buy-to-Let market is unlikely to return during 2009 and probably well into 2010. It is probable that if residential lending returns to some normality then lenders will turn their attentions to commercial lending next. Buy-to-Let lending is likely to be a distant third. Even then it is highly unlikely that we will ever see a return to the situation of just 18 months ago when there was around 3,000 Buy-to-Let mortgages available.

But Landlords who wish to buy properties should be aware that the prospect of homeowners returning to the market is likely to reduce the amount of properties available for Buy-to-Let. At this moment Landlords have a golden opportunity to secure bargains on both new and second hand houses.

Through our business partners Accuro we can offer thousands of brand new homes and apartments at up to 25% discount from recent valuation and most of these properties come with 12 month rental guarantees. Finance, subject to status, is available on all these properties. For more information contact us now on 01352 721300 or email us at enquiries@netrent.co.uk. Please also check the Rental Property for Sale section of our website.

There is a long way to go before any normality returns to the housing market but perhaps we have seen the first real signs of an upturn.


Sunday 1 February 2009

Win a BMW Mini

And save 10%, 20%, 30% or more on your Electricity, Gas and Telephone Bills - For Life.


NetRent.co.uk have teamed up with award winning Utility Warehouse to help Landlords and Tenants save money on their Gas, Electric and Telephone bills.

It's a special deal based on switching your tenants to one supplier - who guarantee to save your tenants money - so everyone's a winner. There are no catches - it just involves a small amount of your time. If you sign up enough people (tenants or others) you could even get FREE Gas, Electric and Telephone FOR LIFE

This amazing offer is available to every landlord in the UK and Utility Warehouse are also giving away a BMW Mini in a fabulous prize draw.

Utility Warehouse is an award winning provider of phone, internet, mobile, gas and electricity services.

Utility Warehouse offer all their customers a unique "Triple Value" guarantee:


  1. For your gas, we guarantee our prices will always be cheaper than British Gas, wherever you live in the UK.
  2. For your electricity, we guarantee our prices will always be cheaper than the prices charged by the regional electricity supplier for the area where you live.
  3. And for your complete peace of mind we guarantee our prices will always remain competitive compared with the cheapest standard tariffs available from the "Big 6" suppliers.

On top of this unique Triple Value guarantee you can save an extra 0.5%-100% on your electric, gas, telephone, broadband and mobile bills. Every time someone introduced by you switches a service to Utility Warehouse you will save 0.5%.

For example, if they switch their electricity, gas, phone and broadband YOU will save 2%. Just 5 people switching these utilities will save you 10% from YOUR electricity, gas, broadband, phone and mobile bills. There is no limit to the people you can introduce - so you really can get FREE utility bills. (Please note that a fair use policy applies to phone and mobile savings). The more people you introduce the more you will save, it's as simple as that.

Award winning service, a unique Triple Value guarantee, the potential for FREE electricity, gas, broadband, phone and mobile - and a prize draw to win a BMW Mini - that's the NetRent.co.uk/Utility Warehouse offer.

To enter the FREE prize draw to win a BMW Mini please either email us at enquiries@netrent.co.uk or ring NetRent.co.uk on 01352 721300