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. 2 Year Fixed Rates Starting From…as of 6.5.2019
Property Type
Ownership
Value
Loan to value
Mortgage Type
Monthly interest rates starting from
Monthly Mortgage Payments
Buy To Let - Remortgage
Personal name
£150,000
75%
Interest Only (Term 25 Years)
1.67% (APRC 3.87%)
£158
Buy To Let – Single- Purchase
Limited Company
2.49% (APRC 5.83%)
£233
Buy to Let - HMO
£250,000
Interest Only (Term 25 Years
2.79% (APRC 5.71%)
£436
Main Residence – Remortgage Overall cost for comparison (APRC)
Personal Name
£500,000
Repayment (Term 25 Years)
1.48% (APRC 3.87%)
£1496
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. 5 Year Fixed Rates Starting From …as of 6.5.2019
Property Type
Ownership
Value
Loan to value
Mortgage Type
Monthly interest rates starting from
Monthly Mortgage Payments
Buy To Let - Remortgage
Personal name
£150,000
75%
Interest Only (Term 25 Years)
3.16% (APRC 3.49%)
356
Buy To Let – Single - Purchase
Limited Company
3.39% (APRC 5.55%)
£318
Buy to Let – HMO - Remortgage
£250,000
Interest Only (Term 25 Years
3.43% (APRC 5.14%)
£536
Main Residence – Remortgage Overall cost for comparison (APRC)
Personal Name
£500,000
Repayment (Term 25 Years)
1.89% (APRC 3.87%)
£1570
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. The Age of Regulation
April 2014: Mortgage Market Review (MMR) introduced residential mortgage regulation that will become the framework for landlord regulation
Mar 2016: Mortgage Credit Directive introduced regulation on consumer buy to let
April 2016: Stamp duty increase on 2nd & buy-to-let properties
April 2017: Mortgage Interest Tax Relief Cuts begin
Sept 2017: Tougher affordability checks for portfolio landlords
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. The Age of Regulation
April 2018: The Private Rented Property minimum standard –majority of landlords must ensure their properties reach at least an EPC rating of E
March 2019: The Homes (Fitness for Human Habitation)Act 2018
June 2019: Ban on letting fees in England
Jan 2017: Tougher affordability tests on buy to let
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. Challenging Cases
BTL Portfolio client – Purchase of 4 x London Properties – Portfolio landlord £2m+
BTL REM – first time landlord / non-home owner / low income/ default / 1m ownership
BTL REM - portfolio client – Ex-La Maisonette with external balcony access.
Refurbish / retain and Let – single family let…….Bridge – Let – single lender
Main Residential - < 6months ownership / original inter-family purchase / interest only / age / annexe / self-employed
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. 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. Why is now the right time for brokers to advise clients to remortgage?
Product innovation and change more rapid
Don’t wait for fixed term to end or base rate to rise
Reviewing finances regularly
Future regulatory intervention
Relationship building
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. AirBnb It’s important advisers ‘do what is right, not easy
Hosts have been welcoming guests into their homes via Airbnb since 2008 and the impact on the UK economy is growing.
Last year, for example, Airbnb listings reached 168,000 in the UK and generated an estimated £3.46 billion boost to the economy from a combination of extra income for host households and increased visitor spending in local communities.1
While Airbnb has the potential to take a landlord’s rental business in a new and exciting direction, there’s often initial confusion amongst would-be hosts about whether their existing mortgage covers this type of short term letting. Source Paragon
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. AirBnb
Can landlords use a standard buy-to-let mortgage to finance an Airbnb property?
Landlords should always check with their lender before becoming an Airbnb host to make sure this is allowed under their mortgage conditions. Each lender offers a range of different mortgage products and not all products will allow customers to rent out their property on Airbnb.
Likewise, if they’re searching for a new mortgage product, they should confirm their intentions for the property and clarify whether Airbnb lets are accepted.
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. AirBnb
If Airbnb doesn’t work out, can landlords convert their mortgage back to a standard buy-to-let property
Airbnb won’t work out in every case. Higher cleaning and support costs or more frequent voids may mean the economics are not attractive in practice. If this happens, some lenders, WILL, allow landlords to revert to letting on a more standard AST.
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
Magellan Home Loans announces closure to new business (13/03/19). Magellan will cease accepting new business with immediate effect. However, it will continue to honour unexpired mortgage offers, although these will not be extended or materially varied. Decisions in principle and applications in the pipeline will not be progressed any further. Mortgage applicants who have paid administration or valuation fees to Magellan but who have not received a mortgage offer will have those fees refunded.
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. Lenders updates Fleet sails back into the market
Fleet Mortgages has announced its return to the mortgage market with a new product range and a number of criteria enhancements.
In January, Fleet withdrew its range while it waited for a new funding line to be made available.
Fleet has now completed a new long-term funding deal, which will see it complete over £1bn in new lending, and is in further discussions with additional funders.
As part of its relaunched range, Fleet is offering new products across all of its three core areas – standard, limited company, and HMO/multi-unit blocks with rates starting from 2.69% and a rental calculation of 125% at 5.5% for all taxpayers.
Fleet is also offering free and discounted valuation products and stepped early repayment charges across its range.
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. Lenders updates
Precise– reduced the minimum level of income from 25 to 21 years – mortgages available for landlords aged (First time buyers accepted but with a maximum age of 70 years) Product Transfer facility now available – subject to original source of funding
Leeds – Change in HMO Lending options - Valuation processing time scales – up to 10 working days for return of the report and up to 5 working days to access report
Axis Bank - Product Transfer facility now available
Vida Home Loans - Experienced Landlords. A new 85% LTV option has been added for loans up to £250,000 subject to the property being outside the M25.
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.

16. Brokers shout out
Tax Calculations (SA302s) and corresponding Tax Year Overviews are no more than 18 months --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 – 3 months
Portfolio Spreadsheet – keep it updated
Ltd Co lending – bank accounts in place before application.
Is it an Assured Tenancy Agreement or a Guaranteed Rental Agreement (Rent to Rent)
Source of deposit
Why do you want more money ?
Get all your Ducks in a line
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.

17. 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.

18. 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.

19. 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.