Approved Mortgage Solutions Paul Hampton Tees Valley Landlord Event Thursday 19 th March 2015.

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Presentation transcript:

Approved Mortgage Solutions Paul Hampton Tees Valley Landlord Event Thursday 19 th March 2015

Approved Mortgage Solutions Ltd Tel: Agenda Availability of Funds BTL Purchase (Common Problems & Solutions) BTL Re-mortgage (Common Problems & Solutions) General Problems & Solutions Questions

Approved Mortgage Solutions Ltd Tel: Availability of Funds Overview 2007 £363 billion of lending £53.6 billion BTL (14.8%) 85% LTV was average 120% rental pay rate 2012 £152 billion of lending £16.4 billion BTL (10.7%) 75% LTV was average 125% rental 5% 2014 £204 billion of Lending £27.4 billion BTL (13.4%) 75% LTV was average 125% rental 6% Source:

Approved Mortgage Solutions Ltd Tel: Available Products Loan to ValueJanuary 2011March %03 80%3 (1 Lender)38 75% % % %175434

Approved Mortgage Solutions Ltd Tel: BTL Purchase Common Problems Personal Income Level Minimum Purchase Prices Exposure Limited Company HMO Uninhabitable Property Tenant Types

Approved Mortgage Solutions Ltd Tel: BTL Remortgage Common Problems Raising Funds from Current Portfolio Exit Planning Portfolio Maintenance Lenders Valuations vs Landlords Valuations

Approved Mortgage Solutions Ltd Tel: Example of Actual Portfolio Postcode Loan Purchase EstimatedLTVCur IntCurrentTransfer ValuationInt Rate Payment Size Price Value RatePaymentint RatePayment 1SR4 6RG £ 57,230 £ 70,050 £ 70,96881%4.99 £ £ £ 81, £ SR4 6HL £ 47,349 £ 57,500 £ 58,71581%4.99 £ £ £ 67, £ SR4 6QX £ 42,212 £ 51,000 £ 57,40074%4.99 £ £ £ 60, £ DL15 0NP £ 45,518 £ 55,000 £ 61,90274%4.99 £ £ £ 62, £ SR4 6QN £ 50,707 £ 66,000 £ 72,20270%4.99 £ £ £ 72, £ SR4 6QZ £ 34,781 £ 45,250 £ 45,32277%4.84 £ £ £ 55, £ DL12 0QG £ 100,885 £ 140,000 £ 148,22968%3.99 £ £ £ 148, £ £ 378,682 £ 514,73874% £ 1, £ 1, £ 1, £ £

Approved Mortgage Solutions Ltd Tel: Other Problems Lenders Criteria Lenders Timescales Supporting Documents Application Consistency Comparable Valuations

Approved Mortgage Solutions Ltd Tel: Thank You for listening Any Questions?