User Profile

[loanarranger]

Many Forum readers will know that TMW has now agreed to accept Limited Co BtL applications , one important part of their criteria is that via such vehicles the loan rental assessment is calculated at 125% irrespective of the Directors personal tax rate , this is an important element since for many Higher...

[loanarranger]

I had something very similar recently regarding a legal right of way at the rear of the adjoining three properties. The owner of the middle erected a fence replacing a gate, he was adamant that he had the right to do this despite the Land Registry. My solicitor sent a soft letter which elicited no response...

[loanarranger]

Sadik Khan might sound bullish on housing for London but the results todate show that he has failed to come anyway close to his objective.

I have often stated within the forum that the Right to Buy concession should be abolished since such sales are never replaced by the same number of...

[loanarranger]

Having read various articles I think the following extract might be of interest.

Rent to Buy Homes


As a first time buyer struggling to make the transition from renting to buying and to get onto the property ladder, you could benefit from the government’s rent to buy...

[loanarranger]

Can I perhaps make comment as a broker in respect of the issue you currently face.

A mortgage recommendation is made on the basis of product availability at the time of enquiry and the subsequent processing and approval of the application; subsequently it is not uncommon for the same products...

[loanarranger]

If the property doesn’t require additional contributions from your primary income I would keep the property, the question is are you getting the benefit of current mortgage rates if not refinance on say a five year Fixed rate and build a level of stability on mortgage costs and ensure you are achieving...

[loanarranger]

Is the property in negative equity , a factor which has reeked havoc even in mainland Uk over various property crashes and resulted in many borrowers defaulting. Can you perhaps indicate the loan size and the amount of rent and I will gladly check my sourcing systems to see if there is a solution.

[loanarranger]

Why oh why are you investing in such a course. Accreditation for an HMO license is your Suitability and preparedness to ensure the property complies with the requirements for the Property to meet the councils requirements, after that it is down to you meeting a lenders requirements to be considered...

[loanarranger]

A limited company doesn’t have to have been operating before you buy your first property within it, indeed many lenders will use your personal involvement in Property as a measure of credibility.
If you decide to include your children , are they over 17 years of age and what percentage will...

[loanarranger]

I completely agree with JayDavys, you cannot in my honest view make claims as a new owner on a retrospective basis, perhaps not the best way to win friends and influence others !!

[loanarranger]

Thanks JKO, as a broker I have often found that applicants fall foul of lenders because they have a lease which at first sight looks perfectly acceptable until it is assessed by the lawyers who pick up contentious clauses and which result having spent considerable amounts of money in a lending declinature...

[loanarranger]

May I ask how many Commercial/ semi commercial properties do you own and are subject to mortgage. I only ask since lenders can be very pedantic in terms of the types of leases which are in place.

[loanarranger]

Creating a Commercial lease is in my honest opinion the preserve of a qualified Commercial conveyancer : normally there is a requirement for the lease to be on a Full Repairing and insuring basis , this is certainly the case if you are contemplating obtaining a Commercial mortgage. Cutting costs by...

[loanarranger]

Whoa Boy whoa, not that simple. A Director is only permitted to be removed from his/her legal obligations including the provision of a Personal Guarantee if the substituting person passes the quality threshold and in your case TMW do not consider applicants with adverse credit , in addition they require...

[loanarranger]

Firstly thank you for indicating that the issue isn’t specifically related to the default but the absence of declared income to HMRC by way of being self employed, however if your previous employment was in the same zone as you are now employed and you have a Contract then there are schemes which...

[loanarranger]

Blue bull , The default in 2014 is not initself a hanging offence amongst a number of conventional Buy to Let lenders, whilst the rate could be higher than you would ideally want to pay , this should not prevent you from obtaining Buy to Let funding as long as you apply yourself to a residential buy...

[loanarranger]

Misleading Marketing

Please allow me to get the following issue off of my chest.

I have noticed amongst my inbox emails , flyers from various sources purporting to have semi exclusive Buy to Let products from lenders of which they are one of a very small number (normally quoted...

[loanarranger]

I think you are referring to the following:-

The Order, applies to HMOs in England, but does not apply to converted blocks of flats, to which section 257 of the Act applies. These are buildings that have been converted into and consist of self-contained flats where the building work undertaken in connection

...

[loanarranger]

Hi Peter Smith
Firstly transferring into a Ltd Company doesn't just involve Stamp Duty , the transaction is considered to be a Sale and Purchase with everything that that involves. Secondly the mortgage facilities which you presently have may then have to be repaid and new Corporate Borrowings...

[loanarranger]

Blue bull, there is no way that you can abrogate your legal responsibilitiesto a third party, this type of arrangement , often promulgated by Property Investment salesmen/ women but effected without the consent or knowledge of lenders.

A lender provides funding based on the security , validated...