2. Mortgage – Desk Personalised Service Variety of financing option
Wide access to the finance market
BTL/Commercial/Residential Financing – England, Scotland, Wales
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

3. 2 Year Fixed Rates Starting From…as of 5.7.2019
Property Type
Ownership
Value
Loan to value
Mortgage Type
Monthly interest rates starting from
Monthly Mortgage Payments
Buy To Let - Remortgage
Personal name
£150,000
75%
Interest Only (Term 25 Years)
1.67% (APRC 3.87%)
£157
Buy To Let – Single- Purchase
Limited Company
2.84% (APRC 5.24%)
£266
Buy to Let – HMO –Purchase
£250,000
Interest Only (Term 25 Years
2.94% (APRC 5.00%)
£460
Main Residence – Remortgage Overall cost for comparison (APRC)
Personal Name
£500,000
Repayment (Term 25 Years)
1.49% (APRC 3.63%)
£1498
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

4. 5 Year Fixed Rates Starting From …as of 5.7.2019
Property Type
Ownership
Value
Loan to value
Mortgage Type
Monthly interest rates starting from
Monthly Mortgage Payments
Buy To Let - Remortgage
Personal name
£150,000
75%
Interest Only (Term 25 Years)
2.24% (APRC 4.54%)
£210
Buy To Let – Single - Purchase
Limited Company
3.39% (APRC 5.81%)
£318
Buy to Let – HMO - Purchase
£250,000
Interest Only (Term 25 Years
3.39% (APRC 5.50%)
£530
Main Residence – Remortgage Overall cost for comparison (APRC)
Personal Name
£500,000
Repayment (Term 25 Years)
1.89% (APRC 3.23%)
£1569
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

5. First Time Landlords
The average landlord generated £66,000 in gross rental income in the last 12 months.
Thinking of becoming a landlord? The above figure has increased by £4k compared to the same quarter in 2018, so now is an excellent time to start your portfolio.
One of the lenders recently launched a new exclusive range for first-time landlords looking to purchase a regular buy-to-let, Airbnb, Holiday let or even Houses in Multiple Occupation.
Many mainstream banks do not lend to first time landlords, but fear not, Mortgage-Desk are here to find you the best possible finance from our panel of over 120 lenders.
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

6. Challenging Cases BTL Purchase – property with solar panels (leased)
BTL REM – Debt consolidation / 70 year old / low rental income
BTL –HMO Purchase – short term lending 0.70% – exit onto a long term product in 4+ months time
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

7. Why is now the right time for brokers to advise clients to remortgage?
Mortgage lending is MORE COMPLEX – there are no quick fixes
Don’t wait for fixed term to end or base rate to rise
Reviewing finances regularly
Future regulatory intervention
Relationship building
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

8. AirBnb
If Airbnb doesn’t work out, can landlords convert their mortgage back to a standard buy-to-let property
Airbnb won’t work out in every case. Higher cleaning and support costs or more frequent voids may mean the economics are not attractive in practice. If this happens, some lenders, WILL, allow landlords to revert to letting on a more standard AST.
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

9. Lenders updates
Birmingham Midshires (Single BTL) On Monday 1 July 2019, CHANGES to lending criteria: ● Reducing the stress rate on 5 year products to 4.5% for selected qualifying clients. ● Simplifying our requirements for proof of gross rent on background BTLs.
From Monday 1 July, BM no longer require evidence to be kept on file for Proof of Gross Rent for background BTL properties. For a small number of selected applications, please be aware that BM may still ask for this prior to completion. For remortgage and further advance applications, we still require Proof of Gross Rent to be kept on file for the subject property only.
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

10. Lenders updates The Mortgage Works looking for more business
The Mortgage Works (TMW)
From Thursday 4 July, The Mortgage Works is reducing selected 2 and 5 year rates by up to 0.60% and introducing a range of 50% loan to value (LTV) products.
Rates for the new 50% LTV five year fixed rate mortgage product start at 1.94% with a £1,995 fee, and are for both purchase and remortgage.
Selected 2 and 5 year fixed rate products with a zero fee have been reduced, with the 5 year fixed rate up to 65% LTV with zero fee now starting at 2.49%, reduced from 3.09%. The 2 year fixed rate up to 65% LTV with zero fee starts at 2.39%, down from 2.44%, with both for purchase and remortgage.
In addition free valuations have been added to all HMO mortgage products, while selected tracker rates have been increased by up to 0.10%.
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

11. Lenders updates
Precise– Convert a property into an HMO with Refurbishment Buy to Let
Refurbishment buy to let allows your customer the surety of an exit onto a Buy to Let Mortgage*.
Other refurbishment buy to let allowable works:
• Landlords wishing to change the use of a garage to a habitable room
• Properties needing works to meet minimum EPC rating, such as boiler replacement
• Landlords choosing to improve their property in order to maximise the rental yield
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

12. Lenders updates ?
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

13. Brokers shout out
Tax Calculations (SA302s) and corresponding Tax Year Overviews are no more than 18 months --latest Tax Calculations and Tax Year Overviews must be for tax year 2017/2018
Unsecured commitments – credit cards / loans / student loans / overdrafts
Proof of rental income – banks statements rent v mortgage payments – 3 months
Portfolio Spreadsheet – keep it updated
Ltd Co lending – bank accounts in place before application.
Is it an Assured Tenancy Agreement or a Guaranteed Rental Agreement (Rent to Rent)
Source of deposit
Why do you want more money ?
Get all your Ducks in a line
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

14. Best Advice
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

15. Want To Protect Your Loved Ones?
Personal Cover
Critical Illness Cover
Income Protection
Family Income Benefit
Life Cover/ Mortgage Cover
T R U S T S
Business Cover
Business Protection
Key Persons Insurance
Relevant Life
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.

16. Adams Corner, Oakfield Road
Contacting us
Mortgage-Desk
Adams Corner, Oakfield Road
Aylesbury HP20 1LL
Tel: /
Mortgage-Desk is a trading style of J R Cox, authorised and regulated by the Financial Conduct Authority. Our FCA registration number is Mortgage-Desk’s permitted business is advising on and arranging mortgages and non-investment insurance contracts. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. Mortgage-Desk provide other services not regulated by the FCA
John Robert Cox trading as Mortgage-Desk’ is authorised and regulated by The Financial Conduct Authority. The FCA does not regulate some forms of mortgages, including in most cases Buy To Let Mortgages.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage.