Reflecting the increasing demand for second homes, Internet
property website Homes-on-line has signed an agency agreement
with residential investment and commercial mortgage brokers
The Money Centre which specialises in providing Buy-to-Let mortgages.
As
a result, visitors to the Homes-on-line website at www.homes-on-line.com,
which attracts more than 10,000 visitors a day, can see how
Buy-to-Let mortgages work and receive a quotation on-line. The
pages illustrate how purchasers can gear up for either capital
growth or rental income and show the advantages of buying property
with a Buy-to-Let mortgage rather than outright.
The link with The Money Centre is aimed at the increasing number
of existing homeowners who are purchasing a second property
as an investment with a view to letting it to tenants.
Based in Norwich, The Money Centre offers a range of mortgages
tailored for the Buy-to-Let market including fixed, variable,
capped and base rate tracker mortgages and IBOR tracker and
flexible products. Using the Homes-on-line site, prospective
purchasers can search a daily-updated product database for the
financial package which suits them best. They can even apply
for a mortgage on-line.
Guy Baker, Managing Director of Homes-on-line, said the new
link was already proving popular with visitors. "Within the
first four hours of going live we generated nearly a dozen enquiries
and since then it has attracted a steady stream of people. This
obviously reflects current interest in the idea of purchasing
a second home - particularly from London area homeowners who
may be looking to take advantage of recent price rises in the
region."
He
added: "This latest link further broadens the scope of the Homes-on-line
site by providing services and information which benefit prospective
purchasers and estate agents and recognises there is a new breed
of purchaser who is investing in a second property."
Other
services to have been added to the site this year include an
on-line valuation guide based on HM Land Registry data to be
made available through a link with 'Your Mortgage' magazine;
access to property details of new homes on more than 3,500 new
developments throughout the UK following a link with 'Your New
Home' magazine; and the ability to request a personal valuation
through a link with Partners in Property, which recently renamed
as Movewithus.
The
number of subscribers to the Homes-on-line electronic newsletter
continues to grow. By July this year it had reached 85,000 with
Homes-on-line saying the figure was growing at a rate of 4,000
a month. Those numbers now look to have been a conservative
estimate with the latest figures showing that by mid-September
the total number of subscribers had reached a record 102,000.
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