In any fast-moving situation, there is always likely to be a degree of speculation and misinformation. So, given that few events that have escalated as quickly as COVID-19, it’s unsurprising that there has been so much conjecture as to the impact it will have on different areas of our lives.
Buy-to-let watch episode 2 In our initial instalment of Buy-to-Let Watch, we delved into the topic of “Jubilant Home Thoughts From Abroad.” In today’s… Read More »Buy-to-Let Watch Episode 2 | Why Landlords Should Select Lenders Carefully | 2019
As we continue to navigate through the current pandemic many aspects of life are changing as the ‘new normal’ is embraced. But what is the new normal? Working from home is one example and has created a whole set of opportunities for the mortgage industry.
From home-buyers to landlords, in the current market it may be more difficult for your clients to access high worth mortgages, especially if they need a high LTV.
Whether they’re applying for a residential or buy to let mortgage, if they can’t easily prove their ability to repay significant amounts of money each month, they may not be able to get the loan amount they need. Some lenders could be particularly cautious about lending large sums at a higher LTV, even on an investment as reliable as a property.
Did you know that despite the challenges faced by landlords in recent months, 87% of them still generated a profit in Q2 – the highest level of profitability since the end of 2018*?
Your clients may be considering the way they run their rental portfolio and exploring the option of managing it through a limited company for tax efficiency.
Life is beginning to grind back into gear, but it’s a different gear to the one in which we entered the start of the COVID-19 pandemic. Wearing face coverings on public transport and in shops, for example, will be part of life for quite some time and working from home will be a new reality for many.
We asked people who are looking to buy, or have recently bought their first home about their experiences of the process. Our latest First Time Buyer Index surveyed 1,000 prospective first-time buyers and 250 buyers who had bought their first home since March 2020.
In this issue, we look at how the wider mortgage market has fared through the COVID-19 crisis. We examine how new lending has been impacted and what the recovery might look like, as well as what the changes in the industry, both temporary and permanent, mean for lenders and customers and the future of the sector.
The results from our annual Broker Barometer are here and we are encouraged by the overall positive outlook of the broker community, despite the challenges faced as a result of the pandemic.
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
Making a Complaint: It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service www.financial-ombudsman.org.uk