Description

On this Episode we have the pleasure of welcoming Deborah Reeves National account manager from Perenna.

As a new player on the scene, we wanted to get her insight as to what Perenna will be bringing to the market and what you should be expecting from them.

 We discuss the way the lender is funded and the long-term fixed rates that are popular across Europe but new to our shores.

After we finish up with all things Perenna we head into the
market and the current state of play for the mortgage market.

We discuss the fact that the Base rate held, and the effect of this on the market.

We look at where rates are now and discussing the topic of Gambling and how this may look to a lender if you wanted to apply for lending.

Lender’s spotlight!!

Today’s lender is HSBC.

We look at how they would approach lending if you were a
Sole trader and then transitioned over to becoming a Ltd company, Director.

Then we head into everyone’s favorite section.

Question Time,  

• We want to sell our house to buy the next one,
  but pay off some of our debt with the equity, can we do this, or do we have to use all the funds on the new home?

• What happens if you have a mortgage with mate’s
  or partner and you fall out and cannot get on with each other anymore?    

• Would I be able to get a mortgage for £130k on a
  28k salary, I’m 19 years old?        
• If I am on Maternity leave does this mean that
  the lender will only use my husband’s salary for the mortgage application?

• If I want to buy a BTL is it easier to do it via
  a ltd biz or in personal names?

• I have defaults over 4 years ago but a healthy
  deposit of 60k and an income of £55k would it be possible for me to get a mortgage?

And that is all Folks for another episode, we hope you enjoyed as much as we did.

Until the Next episode Its Goodbye from Ken & It's Goodbye from Glen,

Goodbye !