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Affinity Lettings & Property Management in Bletchley, Milton Keynes and Surrounding Areas

Lloris can often be found on full alert by the office front door 'vetting' our clients... or possibly snoozing, but rest assured he is a good judge of character. _*Don't be alarmed; if you don't like dogs he has his own office to retire to whilst you are visiting with us*_

Lloris the French Bulldog, Office Pet & Head of Security

Stephanie has found her perfect role here at Affinity whereby she gets to combine both her years of property management experience alongside her nurturing skills and regularly visits our managed properties to promote good household upkeep and check that all is well. Often seen as the agony aunt ,…

Stephanie Campbell, Property Care & Inventory Co-Ordinator

Aaron joins the team with 25+ years experience in facilities site/building management. Having previously covered the whole of the UK there is little Aaron hasn't seen when it comes to the needs of maintaining buildings both large and small. Out and about on site for the large part of…

Aaron Limbert, Maintenance Surveyor

We look to be inclusive to all of our tenants and landlords and good communication is at the heart of this. We are fortunate to have a qualified BSL Interpreter, who can provide fluent communication for the deaf community. We understand that for 90,000 deaf people, BSL is the first…

Michelle Parry, BSL Interpreter (NRCPD 1023428)

Matching the right people with the right property is Sarah's forte. Having worked in the industry for 15+ years there is little Sarah cannot navigate her way through when it comes to property and people management. Our true peace keeper; Sarah shines when it comes to negotiating for…

Sarah Massey, Operations Manager

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News

NUMBER OF DEALS AVAILABLE TO FIRST-TIME LANDLORDS HAS 'BOOMED TO A RECORD HIGH

Thursday 4th July 2019

The choice of first-time landlord buy-to-let products has increased to an all-time high, according to the latest research from Moneyfacts.co.uk.
The data reveals that the number of deals available to first-time landlords has risen sharply over the past five years, up from 645 deals in 2014 to its existing rate of 1,405.
In the past year alone, product numbers have increased by 137.
Rachel Springall, finance expert at Moneyfacts.co.uk, commented: "Entering the buy-to-let market hasn't been without its hurdles, and almost two years since the PRA introduced rules expected to tighten lending, the move doesn't seem to have shaken up lenders attitudes to attract first-time landlords. In fact, the number of deals available to these individuals has now boomed to a record high."
Fixed rates for first-time landlords currently start from less than 1.5% on a two-year fixed deal, but Moneyfacts.co.uk advises prospective borrowers to carefully consider the associated upfront product fees.
Springall points out that borrowers must ensure they weigh-up the true cost of any deal before they commit; for example, choosing the lowest two-year rate in the market from Barclays Mortgage at 1.46% would cost £20,901 in repayments after the first two years, which includes its £1,795 product fee, based on £200,000 repayment mortgage over a 25-year term.
However, if they opted for a deal with a lower fee, such as the mortgage from Post Office Money priced at 1.48% with a £1,495 product fee, they would have saved £255, as the repayment would be £20,646 over two years.
She added: "First-time landlords concerned about potential rate rises may instead consider a five-year fixed deal, and thankfully rates have fallen in this sector since 2014. In fact, the average five-year fixed rate for first-time landlords has fallen by 1.16% since July 2014, down from 4.68% to 3.52% today.
"As the market is awash with economic uncertainties and regulatory adjustments, consumers would do well to first seek independent financial advice if they are considering a buy-to-let investment, not just to find the best product, but to also review these impacting influences."