Maitland's Round-Up
13th October 2011
Lots of news snippets for you this week. Read on...
Melton Mowbray Building Society has a new, five-year, fixed rate buy-to-let mortgage . Priced at 4.89 per cent to 30 November 2016, the deal is available to 70 per cent loan-to-value and has a flat fee of £998. Check out more BTL deals at www.moneyfacts.co.uk .
It's interesting to note that only 112 out of 167 lots were sold at the most recent Allsop commercial property auction and that's being described as their 'lowest success rate for three years' in the media. I'd suggest it's a blip, more to follow. If you are interested in buying at auction, we have a new how-to article coming soon.
Solar energy has been a hot topic for some time now. New research from the Energy Savings Trust reveals how much money a householder can save by using solar thermal. 'Solar thermal can save households £55 a year compared to gas and £80 a year compared to an electric emersion heater for heating water. In terms of carbon solar thermal can save 230kg compared to gas and 510kg compared to electric.'
I've received a press release for ' Fighting Fraud Together ' which is being run by, amongst others, the Council of Mortgage Lenders, Financial Services Authority, British Bankers Association, Land Registry and the Royal Institution of Chartered Surveyors. Bottom line? They are going to share more information with each other. Rogues and ne'er do wells need to take note.
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