Mortgage News

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    TMW are not on that list but they don't require sa302.
    Perhaps its because they are part of Nationwide it wasn't felt necessary to list? (In which case why separately list BM, Godiva etc?)


      It is difficult to answer that question but I will find out and revert with an answer.


        Originally posted by sam_cat View Post
        Always read it, rare that I have something to add so stay quiet. Its a great insight into whats going on and I do look forward to these posts from yourself.

        Thanks again.
        I'd like to echo that - rarely is there anything to add or question, but I always appreciate the update and insight.

        I opine and comment on a number of issues, but am wrong from time to time.
        It's always nice to have an actual expert in the place...
        When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
        Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).


          Hi Boletus
          I have checked with TMW and they do indeed accept the Tax Overview Document in support of the Self Assessment. This level of underwriting requirement normally only applies to those with more than 3 mortgaged properties and where the underwriter is seeking comfort in the reasonableness of the application.
          I have suggested that it would be of help if they were to notify HMRC that they do in fact accept this document.


            Please excuse the length of this posting and in all probability the contents of which will already be known to seasoned Landlords but it is perhaps a timely reminder of what lies ahead from 1st April 2018 (Def Not April Fool) and the latest announcement from a significant lender within the BtL market is quite relevant.

            The rules for landlords change on the 1st April regarding the energy efficiency of their properties.
            The rules for landlords change on the 1st April regarding the energy efficiency of their properties. Coventry BS are the first lender that I am aware of that is going to press on their stance following this change:- Coventry for intermediaries announces changes to its BTL policy ahead of the new EPC rules The rules on EPC ratings are changing. From 1 April 2018, it will be against the law for landlords to grant a new tenancy in England and Wales to either new or existing tenants if the property doesn’t have an Energy Performance Certificate rating of ‘E’ or above. This means that some lenders won’t lend on privately rented properties that fall below an ‘E’ rating unless the property has a valid exemption from the regulation. “We’ve been hearing some concerns from brokers about how this will affect new and existing clients,” said Kevin Purvey, Director of Intermediaries at Coventry for intermediaries. “So we’ve sent out an email this week explaining the changes and telling them how we’re responding to them.” From 15 March, Coventry for intermediaries will update its BTL lending policy. It won’t lend on properties in England and Wales that fall below an ‘E’ rating, but will continue to accept applications if the privately rented property has a valid exemption. If a client already owns a property* with an ‘F’ or ‘G’ rating, they’ll need to carry out ‘relevant energy efficiency improvements’ to bring it up to an ‘E’ or above. Green Deal finance may be available to help with the improvements. Exemptions to the regulation may apply in certain circumstances but landlords must be aware that it’s their responsibility to request one. For more information on the new EPC rules:


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            • Reply to Lender options for HMO

              Thanks for the response.

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              20-03-2018, 15:16 PM
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