PRA, DSCR, FCA, HMO, SPV, SIC Code, ATED – What BTL landlords need to know for 2017

The numerous interventions from regulators, the EU, the changing lending landscape and even more scrutiny that banks now demand before agreeing terms, has all made for a much more difficult BTL marketplace. You have probably seen this for yourself already.

Many mortgage brokers who dabbled in the BTL space have now gone back to their day jobs of selling residential mortgages. But, for those of us who are the long established commercial finance and BTL mortgage brokers, who have proven that if we understand the market, if we offer our Clients the widest possible access to the UK (high street and specialist) lenders and if we are able to offer creative and strategic solutions for any funding requirement, that the BTL market is still exciting, vibrant and remains mutually profitable.

As full time, professional, expert and experienced Financial Advisers, we are able to provide a streamlined, efficient and knowledgeable mortgage broking service – as we have done for many property investors here at Property118 for many years.

Over the next 12 months, the new income tax regime is implemented, the lenders will be calculating new rental income lending criteria, many lenders are restricting how much they will lend, and who to, and overall many new specialist (broker only) lenders will be launching too.

Ask us for a PRA portfolio review spreadsheet. This is an easy to use, simply designed, Excel spreadsheet which will provide you (and us) with the starting point for a meaningful discussion to help progress your property investment plans for 2017 and beyond.

We look forward to supporting you and your BTL / commercial / development business throughout 2017 and beyond.

Howard

Share This Article