Mortgage Doom & Gloom! Simon Zutshi January 10, 2013 Uncategorized http://www.youtube.com/watch?v=W9vuRmI-8LA Share this:FacebookLinkedInTwitterGoogleEmail ← Does it matter what your rental property looks like? Property investors network National conference → 11 thoughts on “Mortgage Doom & Gloom!” Monica tourlamain January 10, 2013 at 5:03 pm Thank you for your encouraging comments ref mortgage lending Particularly reassuring that there are no plans to enforce repayment on BTL best wishes and good fortune to all for 2013! Brian Bennis January 10, 2013 at 5:13 pm Great advice, as always, Simon. It’s not just the mortgage lenders that have money, the banks have incredibly healthy balance sheets too, which is why their share prices have been rocketing in recent months. It’ll start filtering out to property investors in due course, so now is indeed a good time for the property sector. Louise Stephens January 10, 2013 at 6:03 pm Thanks Simon….I agree, my broker hasn’t had any trouble getting me Buy to Lets, I’ve completed on 2 properties in the last 8 weeks. Sarah Irons January 10, 2013 at 6:25 pm As a broker myself, that is exactly right. The Buy to Let market is getting more and more flexible with lenders available going from 4 to 20. Rates are good. Fees can be high, however there is a reason for that. If you need any mortgage help. Give me a call 07866 618893 cathi January 10, 2013 at 8:21 pm well that was helpful as today I was turned down for a £28.000 mortgage – I mean you have to laugh! Thanks for the hope! Saj Hussain January 11, 2013 at 9:12 am Thanks Simon. Some great tips there. Mortgage hosts can be a great way to get around the problem of not being able to raise a mortgage. LISA January 11, 2013 at 9:58 am Thank you for the information, 2.99% for a BTL is something I am very interested in, would you share which lender is offering this rate please? Kevin Wright January 11, 2013 at 10:00 am Excellent and accurate information Simon, thanks for sharing David January 11, 2013 at 11:30 am In the real world, the mortgage market is dysfunctional. I have quite a large portfolio with 50% equity and I have tried twice thro two brokers to re-mortgage. Both times turned down on lack of Income proof, even though my rent roll is in 3 figs. Also LLoyds for one ARE insisting on repayment basis for BTL, even though they know it will decimate cashflow! Graham January 11, 2013 at 6:12 pm Thanks Simon, I’m sure that has encouraged a few people out there, it certainly has me! Paul Griffin January 13, 2013 at 11:10 am As usual, excellent content Simon. Love those quick videos. They serve not only to give important information, but to keep you motivated. Thank you.