Approved Mortgage Solutions Paul Hampton Tees Valley Landlord

Approved Mortgage Solutions Paul Hampton Tees Valley Landlord Event Thursday 19 th March 2015

Agenda • Availability of Funds • BTL Purchase (Common Problems & Solutions) • BTL Re-mortgage (Common Problems & Solutions) • General Problems & Solutions • Questions Approved Mortgage Solutions Ltd Tel: 0191 516 6894 info@approvedmortgagesolutions. co. uk www. approvedmortgagesolutions. co. uk

Availability of Funds Overview 2007 • £ 363 billion of lending 2012 • £ 152 billion of lending 2014 • £ 204 billion of Lending • £ 53. 6 billion BTL (14. 8%) • £ 16. 4 billion BTL (10. 7%) • £ 27. 4 billion BTL (13. 4%) • 85% LTV was average • 75% LTV was average • 120% rental cover @ pay rate • 125% rental cover @ 5% • 125% rental cover @ 6% Source: http: //www. cml. org. uk/cml/home/ Approved Mortgage Solutions Ltd Tel: 0191 516 6894 info@approvedmortgagesolutions. co. uk www. approvedmortgagesolutions. co. uk

Available Products Loan to Value January 2011 March 2015 85% 0 3 80% 3 (1 Lender) 38 75% 70 228 70% 113 295 65% 146 347 60% 175 434 Approved Mortgage Solutions Ltd Tel: 0191 516 6894 info@approvedmortgagesolutions. co. uk www. approvedmortgagesolutions. co. uk

BTL Purchase Common Problems • Personal Income Level • Minimum Purchase Prices • Exposure • Limited Company • HMO • Uninhabitable Property • Tenant Types Approved Mortgage Solutions Ltd Tel: 0191 516 6894 info@approvedmortgagesolutions. co. uk www. approvedmortgagesolutions. co. uk

BTL Remortgage Common Problems • Raising Funds from Current Portfolio • Exit Planning • Portfolio Maintenance • Lenders Valuations vs Landlords Valuations Approved Mortgage Solutions Ltd Tel: 0191 516 6894 info@approvedmortgagesolutions. co. uk www. approvedmortgagesolutions. co. uk

Example of Actual Portfolio Postcode 1 2 3 4 5 6 7 SR 4 6 RG SR 4 6 HL SR 4 6 QX DL 15 0 NP SR 4 6 QN SR 4 6 QZ DL 12 0 QG Loan Size £ 57, 230 £ 47, 349 £ 42, 212 £ 45, 518 £ 50, 707 £ 34, 781 £ 100, 885 £ 378, 682 Purchase Price £ 70, 050 £ 57, 500 £ 51, 000 £ 55, 000 £ 66, 000 £ 45, 250 £ 140, 000 Estimated Value £ 70, 968 £ 58, 715 £ 57, 400 £ 61, 902 £ 72, 202 £ 45, 322 £ 148, 229 £ 514, 738 LTV Cur Int Current Transfer Rate Payment int Rate Payment 81% 4. 99 £ 238. 14 3. 79 £ 180. 75 81% 4. 99 £ 197. 02 3. 79 £ 149. 54 74% 4. 99 £ 175. 60 3. 79 £ 133. 32 74% 4. 99 £ 189. 37 3. 79 £ 143. 76 70% 4. 99 £ 210. 98 3. 79 £ 160. 15 77% 4. 84 £ 140. 28 3. 99 £ 116. 38 68% 3. 99 £ 548. 66 2. 54 £ 453. 43 74% £ 1, 700. 05 £ 1, 337. 33 £ 362. 72 Approved Mortgage Solutions Ltd Tel: 0191 516 6894 info@approvedmortgagesolutions. co. uk www. approvedmortgagesolutions. co. uk Valuation £ 81, 800. 00 £ 67, 650. 00 £ 60, 500. 00 £ 62, 000. 00 £ 72, 450. 00 £ 55, 000. 00 £ 148, 229. 00 Int Rate Payment 3. 59 £ 171. 21 3. 59 £ 141. 65 3. 59 £ 126. 28 3. 79 £ 143. 76 3. 59 £ 151. 70 3. 99 £ 116. 38 2. 54 £ 453. 43 £ 1, 304. 41 £ 395. 64

Other Problems • Lenders Criteria • Lenders Timescales • Supporting Documents • Application Consistency • Comparable Valuations Approved Mortgage Solutions Ltd Tel: 0191 516 6894 info@approvedmortgagesolutions. co. uk www. approvedmortgagesolutions. co. uk

Thank You for listening Any Questions? Approved Mortgage Solutions Ltd Tel: 0191 516 6894 info@approvedmortgagesolutions. co. uk www. approvedmortgagesolutions. co. uk