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Loans Latest News Buy-to-let lending up at West Brom
Loans Latest News Buy-to-let lending up at West Brom Buy-to-let lending up at West Brom
West Bromwich Building Society is on track to break all buy-to-let lending record despite recent reports of a market downturn.
The building society says it has experienced a 46 per cent increase in business in the past year, and has seen a month-on-month rise in buy-to-let residential demand in the past five months.
Business has been particularly robust in London and the south-east, according to West Brom.
James Taylor, Mortgage Product Manager, West Bromwich Building Society, said: "There have been a number of well-documented predictions recently about the demise of this market.
"While the national story suggests that the market has slowed to some degree, as far as the West Brom is concerned, the market is still very much alive. Following the recent improvements in our buy-to-let policy and criteria, our presence in this key market continues to grow and all the signs are that it will continue to do so."
The building society says it has experienced a 46 per cent increase in business in the past year, and has seen a month-on-month rise in buy-to-let residential demand in the past five months.
Business has been particularly robust in London and the south-east, according to West Brom.
James Taylor, Mortgage Product Manager, West Bromwich Building Society, said: "There have been a number of well-documented predictions recently about the demise of this market.
"While the national story suggests that the market has slowed to some degree, as far as the West Brom is concerned, the market is still very much alive. Following the recent improvements in our buy-to-let policy and criteria, our presence in this key market continues to grow and all the signs are that it will continue to do so."
Tuesday, 23 August 2005 16:10
Top 5 Personal Loans
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Apply |
|---|---|---|---|---|---|---|
| View Full Table > | ||||||
 |
6.8%
|
£7,500
|
£14,999
|
1 Year
|
5 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.8% (fixed) equals monthly repayments of £148 and a total amount repayable of £8,868. There are no other charges included in the total charge for credit. | ||||||
 |
8.2%
|
£5,000
|
£7,499
|
1 Year
|
7 Years
|
|
| Representative Example: £5000 borrowed over a period of 5 years at 8.2% (fixed) equals monthly repayments of £102 and a total amount repayable of £6,112. There are no other charges included in the total charge for credit. | ||||||
 |
6.1%
|
£7,500
|
£14,999
|
1 Year
|
10 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
|
|
8.1%
|
£15,001
|
£25,000
|
1 Year
|
7 Years
|
|
| Representative Example: £15001 borrowed over a period of 5 years at 8.1% (fixed) equals monthly repayments of £305 and a total amount repayable of £18,293. There are no other charges included in the total charge for credit. | ||||||
|
|
6.1%
|
£7,500
|
£15,000
|
1 Year
|
7 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
