As an experienced ‘whole of market’ mortgage broker I closely monitor the developments in this market sector - and we are seeing more attractive rates, terms and potential LTVs coming into the market.I am therefore ideally placed to help you appraise the potential of the market, including those rates not available direct to borrower - whether you are a ‘first time investor’, experienced landlord or professional portfolio property owner. I also have experience of and access to commercial mortgage funding for more complicated properties, such as HMOs and ‘split use properties’.
While the previous ‘buy to let boom’ ended in 2007 there are many signs of a new enthusiasm in this market, and this time driven by more valid considerations than a comparatively unlimited money supply and guaranteed profits from never ending growth in house values.Many industry commentators and forecasters expect a growth in demand for quality private sector rental accommodation in the coming years due to a number of factors, including:q Continued greater restrictions on access to residential mortgage funds for many sectors of the market, including first time buyers. q A greater demand for flexibility in accommodation location due to continuing instability in employment.q The growing level of debt affecting university graduates on entering the housing market at the end of education affecting their ability to raise to deposits and personal residential mortgage availability.q Recent restrictions on self-employed (over 10% of the UK working population) obtaining mortgages by way of ‘self certification’.q Recent and further expected restrictions on the use of ‘interest only’ mortgages’ even if to fund temporary periods of high expenditure expenditure (such as child care for young families) making it difficult for some sectors to meet residential mortgage qualifications. q Greatly reduced funding for new social housing as a result of the October 2010 Government Spending Review.
Additionally, we work closely with a small number of carefully selected specialist Letting Agents enabling us to arrange the ‘complete package’ for single property and portfolio landlords and/or absent landlords with properties throughout Oxfordshire and Berkshire.
The Financial Conduct Authority does not typically regulate Buy to Let Mortgages. The Financial Services Authority does not typically regulate commercial mortgages. Janet Hall will ensure that the client is aware of whether a specific mortgage is regulated by the Financial Services Authority or not.
Janet Hall is an appointed representative of TenetLime Ltd which is authorised and regulated by the Financial Conduct Authority.TenetLime Ltd is entered on the FCA register (www.fca.gov.uk/pages/register) under reference 311266.