Greetings, property enthusiasts! It's time for another riveting episode of The Property Den with Ken & Glen.
We are getting you prepped to start a new month with more insightful ramblings from two experienced Mortgage brokers and Portfolio landlords.
What should you expect from this episode:
Market Insights: Glen calls it on the recent Base rate decision whilst ken is still optimistic that the next MPC meeting will see the rate cut we are all waiting for.
We have begun to see the domino effect of some lenders cutting rates which is good news for everyone, we discuss this along with the uptake we are seeing in Conditional selling from estate agents.
This weeks Lender’s spotlight is NatWest.
NatWest the high street bank have introduced Its new maximum loan-to-value rates for new build properties. Kudos to Natwest and Lloyd Cochrane and welcome to the Hall of fame appearing on the lenders spotlight.
In our Q&A segment, we dive recklessly into the burning questions that keep you up at night.
- I have a ltd company, but I only set it up a year ago after being a sole trader for a few years, I have an application in with Santander and they have declined to lend even though my accountant has explained that nothing has changed in my business except how I trade. Been told I must wait 2 years, is there anything I can do?
- My ex-partner pays me cash for the maintenance of our child. It’s not through the courts as it’s an agreement. Can I use this towards my income on a mortgage application?
- Is it better to be an employed or self-employed mortgage broker? Which route can I earn more money in? Thanks, you gents are superb!
- Should I use a managing agent for my new buy to let purchase?I’m struggling to buy on my own, a couple of friends have suggested we buy together, I spoke to my bank, but they will only allow 2 people on an application, is this the same everywhere?
- Hi Gents I have seen a property in Ossett west Yorkshire, it’s up for auction and I want to bid on it, I have a deposit of around 30%, the property needs a renovation as its been empty for a long time, can I get a mortgage on this?
- I am looking at taking out some family protection, but the cost of critical illness is looking too expensive, I have two young boys and wanted to try and have cover that would also cover them, but now I am looking at only Life cover, is there a way that I can still cover the boys without it taking me over the top budget wise.
As you can see another bumper episode to wrap your ears around, stay tuned and follow the podcast on spotify or Apple to be notified when the episode are released.
For now its Goodbye from Ken & Goodbye from Glen.
