Howard Reuben CeMap CeRER

Registered with
Friday 7th June 2013


Trading Status
Sole Owner

Providing essential rental accommodation since

Insures properties through a broker recommended by Property118

Latest Comments

Total Number of Property118 Comments: 349

Howard Reuben CeMap CeRER

18:57 PM, 29th April 2019
About 2 months ago

Applying for LTD Co Specialist BTL products directly?

Keir, it looks like a fairly unanimous vote of confidence for working with a Broker.

I prefer the term "working with" rather than "going through", because one implies that you understand the crucial and valuable support that a property investor needs from a professional, qualified, experienced and insured Broker, and the other implies that you only see the Broker as a necessary evil middleman to facilitate an application form.

Not only does Mark recommend us, as Property118's long standing, award winning and expert Team of Brokers, but me and many of my Team are also portfolio landlords as well, so we understand the need for value, flexibility, strategy and - very importantly too (and something which is missing from direct>lender) - we advise on the debt protection and estate planning as well.

Broker vs Salesman? Broker vs online algorithm? Broker vs direct? Product selection vs portfolio balancing strategies? Total to pay analysis vs cheapest interest rate?

To remove yourself from the exclusive deals, the full access to market, the ability to negotiate discretion from the underwriter, the insurance discussion, the ever-changing criteria which is not always published quickly enough, the overall value which determines more than just the interest rate ..... by doing it yourself without the tools, relationships and understanding what the right underwriter needs for a speedy application processing, can sometimes be more costly, than working with a Broker who, after all, is on your side anyway.

It's always your choice, but even the ancients once said 'caveat emptor', so this debate has been around a long time :-)... Read More

Howard Reuben CeMap CeRER

10:29 AM, 18th March 2019
About 3 months ago

One mortgage for all BTL properties?

I agree with Neil, however this is still available. I am currently arranging 77 properties / mortgages for one Client in one loan and for another Client, over 300+ properties / mortgages in to one arrangement too.

Whether this is right for you is based on your business management, strategy, future flexibility requirements and many other commercial factors.

Whether you are a first time landlord with aspirations to buy more, or an experienced landlord with 6, 10, 100, or more properties, the mortgage structure can be made to suit you.

My Team of specialist BTL mortgage brokers is here to help.... Read More

Howard Reuben CeMap CeRER

9:21 AM, 6th February 2019
About 4 months ago

Protection for Airbnb landlords?

I would also suggest that the property owner (AirBnB landlord / 'host') also protects themselves from their lender - because an AirBnB 'tenancy' is a breach of nearly every BTL mortgage contract (the Mortgage Offer that the borrower signed in agreement to, ie to fulfill the committed and contracted obligations under the lenders terms).

BTL mortgages require a tenancy agreement to be an AST of at least 6 months. It is on that basis that the lender agreed to lend.

AirBnB 'friendly' mortgages are actually now available and we have a growing panel of banks who will allow the borrower to rent out their property on that basis.

To continue to cut corners and breach the terms could be painful in both financial and credit terms.

And it's not even about trying to save money ... the lenders who allow AirBnB (and all such similar style short term lets), are some of the lowest rates and fees out there.

Keep compliant, keep legal, keep your assets (and your families and your credit) protected, and stay professional.

And (although I'm going slightly off topic there is a tenuous link here 🙂 ) on the subject of protection, keep your succession planning protected too. Do you want to leave your family (or business) with the matter of having to refinance mortgages in your name (if they can?!), or having to sell to repay the loans and maybe having to sell at reduced prices and pay CGT as well? Landlords life insurance is crucial, and could also be implemented in a tax efficient way too.

Protection is a fundamental piece of the property owner's jigsaw - tax, legal, life cover, mortgages, property insurance, and all other 'normal business activities' should all be set up in a protected strategy.... Read More

Howard Reuben CeMap CeRER

9:23 AM, 3rd December 2018
About 6 months ago

Howard Reuben CeMap CeRER

9:20 AM, 22nd October 2018
About 8 months ago

Freehold maisonette above a shop - mortgage nightmare?

Hello Henry

The way you describe the property it will be deemed to be a 'semi commercial' property with you owning the whole freehold which includes part residential and part commercial.

If the resi part was also to have it's own lease (in the same way you say the shop has it's own lease), then you can remortgage the maisonette separately, and there will be many lenders on our residential mortgage panel who would be able to help you.

Alternatively leave the title 'as is', and we can then help you via the alternative route from our commercial mortgage lenders instead.

Contact us via my profile link anytime to discuss further. One way or the other, I can assure you the Halifax (albeit a great lender) is not the only one, based on the brief info you have told us about so far.

Howard... Read More