2. Mortgage – Desk Personalised Service Variety of financing option
Wide access to the finance market
BTL/Commercial/Residential Financing – England, Scotland, Wales
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

3. Remortgage -2 Year Fixed Rates Starting From…as of 10.12.18
Property Type
Ownership
Value
Loan to value
Mortgage Type
Monthly interest rates starting from
Monthly Mortgage Payments
Buy To Let
Personal name
£150,000
75%
Interest Only (Term 25 Years)
1.52% (-1.2%) (Aprc 4.40%)
£166
Buy To Let – Single & HMO
Limited company
2.49% = (Aprc 5.89%)
£272
Main Residence
Personal Name
£500,000
Repayment (Term 25 Years)
1.44% = (Aprc 4.87%)
£1489
(Term 25 Years)
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

4. Remortgage - 5 Year Fixed Rates Starting From …as of 10.12.2018
Property Type
Ownership
Value
Loan to value
Mortgage Type
Monthly interest rates starting from
Monthly Mortgage Payments
Buy To Let
Personal name
£150,000
75%
Interest Only (Term 25 Years)
2.49% -(0.05%) (Aprc 5.89%)
£269
Buy To Let – Single & HMO
Limited company
3.39% = (Aprc 5.33%)
£371
Main Residence
Personal Name
£500,000
Repayment (Term 25 Years)
1.99% % (Aprc 3.37%)
£1588
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

5. Challenging Cases
BTL Portfolio client – with 14 properties – looking to refinance 2 properties
BTL First Time Buyer / landlord – helping to build a portfolio BTL
BTL client – light refurb (bridge) WITH an exit from bridging finance
Main Residential – First Time Buyer, with adverse – Right to Buy
Main Residential – Purchase, first time Buyer, Shared Ownership – income stretch
BTL purchases – declined on previous application !!!
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

6. Brokers shout out
Tax Calculations (SA302s) and corresponding Tax Year Overviews are no more than 18 months old, please note that for all applications fully submitted from 5 October 2018 the latest Tax Calculations and Tax Year Overviews must be for tax year 2017/2018.
Unsecured commitments – credit cards / loans / student loans / overdrafts
Proof of rental income – banks statements rent v mortgage payments
Ltd Co lending – loan agreement between Ltd Co’s
Ltd Co lending – bank accounts.
Why do you want more money ?
Get all your Ducks in a line – quack, quack, oops
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

7. Multi-Unit Freehold Block (MUFB)
New Case
Purchase – Staffordshire
New enquiry £290,000 (Ltd Co)
6x1 beds, all self-contained
Monthly rental income £375 per flat = £2,250
Separate services
1970’s block , brick construction
5 out of 6 let out , working tenants no HB., all on ASTs.
Letting manager in place
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

8. Multi-Unit Freehold Block (MUFB)
Solution
3.79% Fixed for 2 Years 75% LTV (Ltd Co)
Valuation fee £535 (upfront)
75% lending, £217,500
Product fee 1.00% (£2,030– can be added*)
Broker fee £395
Early Redemption charges – YES - refer to section 10 of the attached illustration.
Monthly mortgage costs £647.55
Rental stress test for the property 130% 5.00% = £1178
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

9. Multi-Unit Freehold Block (MUFB)
Consideration
Multi Unit Freehold Block
Landlord experience – minimum number of properties / years / first time landlords
Levels of lending – Generally 75% LTV
Minimum property Value: e.g. £150,000 in London and £50,000 elsewhere
Number of Units – 4, 6 or 6+
Valuation may be required for individual unit if sold off separately – minimum of £30k, £50k, £75k
Minimum size per unit: 30sqm, 50sqm, 75sqm or not stipulated
Self-contained including separate services.
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

10. Product transfers It’s important advisers ‘do what is right, not easy
The latest UK Finance data shows that product transfers are a substantial part of the market, representing a real opportunity for intermediaries.
Product transfers are also very much a positive part of the market. The accessibility of product transfer options is of real benefit to the client.
The process for a product transfer and the advice given should not be any different to going elsewhere,
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

11. Best Advice
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

12. Lenders updates
Coventry– BTL Interest Coverage Ratio (ICR) and 5 Year Fixed reference rates. - Increasing the total gross income band for 125% ICR from < than £40k to < than £42.5k - increasing the ICR from 140% to 145% where total gross income is £42.5k and above. - Reducing the reference rate on 5 Year or more Fixed products from 5% to 4.5%
Virgin Money – 80% lending now available. - BTL 2 year fixed rates starting from 3.45% with £1,995 fee. £995 fee and no fee options also available - 80% LTV BTL 5 year fixed rates starting from 3.61% with £1,995 fee. £995 fee and no fee options also available. - All our deals come with £500 cashback for purchase customers and a free valuation plus a choice of free legal work or £300 cashback for remortgage customers.
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

13. Lenders updates
The Mortgage Works (TMW) – Changes to BTL Interest Coverage Ratio (ICR) year fixed rates: Reduced stress rate from 4.99% to 4.50% for all applications up to 75% LTV year fixed rates: Reduced stress rate from 4.99% to 4.00% (or pay rate +0.75% if higher) for all applications up to 65% LTV Like for Like remortgage - Reduced stress rate from 5.50% to 4.99% for like-for-like remortgage applications between 65% and 75% LTV.
Tipton Reduced the minimum ICR requirement five year fixed rate to 125% at the product rate (for experienced landlords who are basic rate taxpayers) - Reduced the ICR calculation for experienced landlords for both basic and higher rate taxpayers - Reduced the minimum age on application from 25 to 21 years
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

14. Want To Protect Your Loved Ones?
Personal Cover
Critical Illness Cover
Income Protection
Family Income Benefit
Life Cover/ Mortgage Cover
T R U S T S
Business Cover
Business Protection
Key Persons Insurance
Relevant Life
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

15. Adams Corner, Oakfield Road
Contacting us
Mortgage-Desk
Adams Corner, Oakfield Road
Aylesbury HP20 1LL
Tel: /
Mortgage-Desk is a trading style of J R Cox, authorised and regulated by the Financial Conduct Authority. Our FCA registration number is Mortgage-Desk’s permitted business is advising on and arranging mortgages and non-investment insurance contracts. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. Mortgage-Desk provide other services not regulated by the FCA
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage.