Brilliantly brutal, mad and confusing #TwinPeaks is back and I have no idea what the hell just happened in those couple of hours - fab
10th April 2017
The new tax year is underway and the first stage of changes to landlord’s income and tax regimes are now in effect. As a reminder below these are the changes that have been implemented so far :-
Still to come in September of this year, lenders will be required to apply specialist underwriting to landlords with 4 or more mortgaged buy to let properties. This means more paperwork and a slower mortgage process.
As a result, there has been a move from many landlords to purchase properties in a Limited Company name and it is important for all landlords looking to increase their portfolios to take proper tax advice as well as speak to a professional broker, such as us of course, with experience in this field who can help them to make the best choices and avoid some of the obstacles.
There is still a wealth of choice around for landlords and mortgage rates themselves have never been so low, with products available from Buy to Let rates are now available from just 1.44% (4.06% APRC), hence we would recommend all landlords review their mortgage requirements now.
This is Bow, he’s a plucky little Boston Terrier and knows a thing about mortgage applications. His owner, Patrick, is one of our clients and Bow here helps with his paperwork. If there’s anything you need to know about mortgage applications or the paperwork entailed then check out our advice hub – it has everything you need!View the mortgage guides
Andrew Montlake, Director and Spokesperson for Coreco, gives his honest and forthright views on the mortgage market, economy and all things property related. Monty was voted "Mortgage Personality of the year 2008", "Best Press Spokesperson" in 2011 and is the current holder of the British Mortgage Awards “Best Marketeer” title. Expect expert analysis, delivered in a down to earth style with a side helping of exuberance.