What does the future hold? It's all about fintech, isn't it? Or is it? I certainly think we'll see technology and innovation in technology being a driver for change across the industry. An interview with Mark Whitear, Head of Commercial Development.
The importance attached to the advice process in sourcing appropriate and responsible solutions to combat the challenges of homebuying has never been more apparent, yet some potential borrowers continue to go it alone.
It will come as little surprise that the effects of the last 18 months are now resulting in rising demand for flexible underwriting for complex income residential cases; and this is true for both employed and self employed borrowers.
As a lender, we are always striving to assess landlord profiles, what they are looking for from a lender, what a ‘typical’ portfolio might look like and how various landlords are reacting to current market conditions.
Like many lenders, we’re currently experiencing a surge in interest from landlords who are looking to diversify their portfolios.
Every quarter, in conjunction with BVA BDRC, we ask around 900 landlords for their insight on every aspect of the buy to let market, including portfolio sizes, borrowing intentions and view of the current markets.
The residential sector is becoming increasingly complex for many types of potential borrowers.
Here at Foundation Home Loans, we’re experiencing a surge in interest from landlords who are looking to diversify their portfolios.
I’m sure we can all appreciate the highs and lows experienced across the self-employed community over the past 12 months and some of the existing shortfalls when it comes to their mortgage requirements.
With further lockdown restrictions set to be lifted, we can look forward to raised spirits and increased activity.
Green mortgage options are expected to be a growing option for landlords and owner-occupiers over this next decade and we are pleased to be among the trail blazers with our ‘Green Reward’ remortgages.
With Q1 2021 now behind us, it seems like a good time to take stock of what has happened during those first three months, and what the rest of the year might bring.
As some lockdown restrictions are lifted, the scale of the impact on household finances and its likely consequences on the UK economy remain to be seen.
With the majority of 2020 and the early part of 2021 having a significant impact on many individuals’ income and financial situations, we anticipate that the self-employed particularly will require specialist residential finance going forward, whose propensity for complex income structures often throws them out of mainstream lending criteria.
An important trend is that interest from new investors, ‘first time landlords’ continues to grow.
With the majority of 2020 and the early part of 2021 having a significant impact on many individuals’ income and financial situations, we anticipate that an increased number of cases will require specialist residential finance going forward.
Green mortgages and green finance are areas which represent huge potential for lenders, intermediaries and borrowers.
What’s the difference between a limited company portfolio landlord, compared to a portfolio held by an individual or group of individuals?
Covid-19 has changed the financial landscape for businesses and individuals across the country.
We believe that the move to improve carbon emissions in the property sector remains critical in 2021. Here are 6 reasons to speak to us about a green mortgage for your landlord clients in 2021.
We continue to develop our product proposition to service the specific needs of the modern landlord in the modern mortgage market. Whether through the addition of lower-value properties, HMOs or multi-unit blocks.
We may still be in Q1 but there are plenty of reasons to be optimistic that landlords will remain active over the course of 2021 as shown in our latest research carried out by BDRC.
Despite shifting market dynamics and lingering economic uncertainty, the fundamental principles underpinning the UK private rented sector remain strong.
No extension of the current stamp duty reduced rates period has been announced, and we have to work on the basis that it won’t be forthcoming.
Just because the stamp duty deadline has been shunted back 3 months, we must all still plan for the impact it will have on our new business pipelines.
Back in November, the Chancellor Rishi Sunak further extended the furlough scheme to provide additional support for a variety of businesses and individuals.
The response to the ‘reopening’ of the housing market after the first lockdown in 2020, especially from a specialist lending perspective, was incredible.
The housing and mortgage markets have been buoyant during the 3rd Quarter and into Q4, fuelled largely by the SDLT temporary reduced rates for house purchases completing before 31st March 2021.
It’s testament to the UK’s continued appetite for homeownership, government intervention and sustained commitment from lenders that we're in this quite remarkable position at the end of 2020.
The impact of the second national lockdown was far less severe than the initial lockdown period on the property and mortgage markets.
Recent mortgage data from CACI suggests there is likely to be significant number of product maturities in December - valued at £33.18bn - while 2021 could see the total maturity figure hitting £250bn.
Our latest research via BVA BDRC landlord survey for Q3 shows that HMO properties outrank all other property types by quite some way.
The landscape has been rocky for property investors for the last three years.
We're here to support those extra-ordinary clients with unsual income sources or those recently self-employed who may now no longer be fitting the criteria of mainstream lenders.
As our lives continue to adapt, we lenders are constantly listening and evolving how best to interact with our adviser partners and their clients/our customers.
As the property and mortgage markets change, so do the needs of your clients and the types of expertise you must offer.
The residential lending landscape has changed immeasurably, particularly in the specialist sector.
Rightmove reported a 1.9% increase in asking prices in June compared to March.
Generating ideas is an important step we can take to help us overcome current and future challenges.
SEO is the process of increasing the quantity and quality of views your website gets from search engines.
A CRM holds information about the clients you have done / would like to do business with.
Email marketing can help to keep you in the minds of your customers, both past and present, when they or their friends are looking to purchase a new property.
We can’t dress things up, this is a crisis. One that has been extremely sharp.
2020 vision is often referred to as having hindsight. Lots of people are probably thinking, ‘If only’?
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