Howard Reuben CeMap CeRER

Registered with
Friday 7th June 2013

Latest Comments

Total Number of Property118 Comments: 365

Howard Reuben CeMap CeRER

17:27 PM, 10th August 2021, About 2 months ago

Grade 2 listed - EPC new rating exempt?

"Are Grade 2 listed properties completely exempt" ... for mortgages, yes.

I bought a G2 listed 1640 part thatched cottage this year, as a holiday let, and my lender did not require an EPC for it because of it's Grade II listed status.

All you need is a good Broker :-)... Read More

Howard Reuben CeMap CeRER

14:28 PM, 11th June 2021, About 4 months ago

BTL borrower overexposure limits?

Hello Binks

Re "I do recall, from the previous round of mortgaging, that lenders had a maximum number of properties they were willing to lend on within a block or street or postcode (i.e. it was their exposure as lender they were limiting)"

..... you are correct and we know the lenders who will still allow this within their criteria.

If you have your flats all on leasehold arrangements then you are of course now formally known as a 'portfolio landlord' ,and not all high street banks now lend to portfolio landlords (ie 4 or more BTL mortgaged properties), however there are still many that do.

There are also specialist lenders and broker only lenders that we can provide you with access to.

For a personalised mortgage service, from specialist BTL mortgage brokers, contact me via my profile link enquiry form and me and my Team would be pleased to help.

Howard... Read More

Howard Reuben CeMap CeRER

15:09 PM, 3rd March 2021, About 7 months ago

Budget 2021 - Landlord Reactions

Santander's post budget announcement;

"Help to Buy: mortgage guarantee scheme

A new Help to Buy: mortgage guarantee scheme, supported by the government, is starting in April. We’re pleased to support this and are working to launch these products in line with the government timescales.

We intend to offer 95% LTV products to intermediaries. We’ll confirm our launch date over the coming weeks along with more detail on the scheme rules and policy, including eligibility and any additional requirements for borrowers".

So, don't expect immediate 95% LTV products, do expect them to be on a repayment basis only, also strict affordability rules and .. possibly quite high % rates too.

The scheme will be open for new mortgage applications from April 2021 to December 2022, reflecting the government view that the current scarcity of high loan-to-value lending is primarily a response to the pandemic rather than a more structural problem... Read More

Howard Reuben CeMap CeRER

16:03 PM, 25th August 2020, About A year ago

Any mortgage lenders out there if I have a CBILs application outstanding?

Hello Elizabeth

Many of the banks are showing sympathy for businesses and individuals who have been financially affected by the covid-19 pandemic. They are taking a view on a case by case basis and so because of that there are no hard and fast rules between them.

Some lenders will decline, some will accept, some will defer their agreement to lend.

One reason why it comes across as a negative situation is that albeit the loans and grants were being touted by the Government as a 'must have to help you to survive in business' proposition, actually what every single borrower has truly done is to present themselves as financially distressed, unable to fund themselves after just a month or two, and painting a picture that their finances are actually quite fragile with no savings or underpinning financial security to aid them through a short term downturn in business.

That may or may not have been the case for you personally, but that is the image every CBILs and BBL borrower has painted.

With that in mind, any new remortgage or purchase mortgage application is scrutinised individually and extra questions, forms and supporting evidence is required.

This may lead to a perfectly fine decision and 'carry on as usual' mortgage application, or it may not. Either way, you won't know for sure unless you speak with a Broker who can assess your current situation, and source the options you are eligible for.

You can contact me and my Team via my profile link.

Hope this helps.... Read More

Howard Reuben CeMap CeRER

14:19 PM, 4th April 2020, About A year ago

Is the stage for a strong rebound once the shock passes?

Reply to the comment left by Mick Roberts at 03/04/2020 - 16:24
100% agree Mick 😁👍

When the pandemic passes and the property and finance world starts to recover some sort of normality, the lenders will not immediately jump back up to high LTV offers, so yes, reduce balances now, refinance all mortgages on to lower rates now, and take this time and use it as an opportunity to focus on the BTL business, before the market restricts further and the recovery takes longer.... Read More