Understanding LTV is important when you’re taking out a mortgage to buy a house in London or anywhere else in the UK. LTV is a percentage and shows what proportion of the house value your bank is lending you. In the current financial climate, banks are looking for borrowers with a low LTV as they pose a lower risk.
Henry Wiltshire uses methods such as virtual tours and online marketing to promote properties for rent in Canary Wharf and the rest of London. Well-placed offices and good connections with international businesses ensure that the properties on our books receive maximum exposure and tenants are found quickly.
Anyone selling property in London wants to make their house or flat as appealing as possible to buyers.
The best way to do this is to understand what buyers are looking for and make sure that you make the most of the right features of your East London property. Some buyers will be looking for certain features, while the impact of others may be subconscious.
Bow has seen a great deal of interest from investors choosing buy-to-let property, because of the growth in this area of the London property market. There is a wide variety of housing to choose from, and the E3 area has a strong appeal for renters, whether professionals or families. Good public transport and the legacy of the Olympics continually draw new people to the area.
Changes to buy-to-let mortgage legislation – what does this mean for landlords letting property in London?
New buy-to-let mortgage legislation is changing the way landlords buy property in London and the rest of the UK. Performance is now judged on a landlord’s whole portfolio, not just the property being mortgaged or remortgaged. Business plans must be shared with lenders, and subjected to rigorous “stress testing” before a mortgage can be approved.