Our team of BTL, bridging, mortgage and insurance Advisers use a variety of financial planning tools, including a tried and tested property portfolio review spreadsheet, in order to help our Clients to achieve their aims.
Following the additional stamp duty surcharge, the extra PRA amendments to the way BTL mortgage lenders now calculate and assess new mortgage applications, the BTL mortgage market has change significantly ...... and may change again in 2019 too (EPC implementation, HMO licencing, selective licencing, HMRC snooping via letting agents)!
As a consequence, so many borrowers may not be able to raise as much capital as they once used to, leaving valuable equity tied up in the property.
Lenders will now need to know total annual income from all sources, tax status of each borrower, how much income is derived from rent, how much from pensions, PAYE salaries, self employed net profits etc.
However, we know the lenders who will be the most sympathetic for BTL borrowers, we know the lenders who are not subject to the UK's PRA regulatory changes, we know the lenders that offer a 'forward funding facility' to help your new purchases, we know how to help you.
We now offer you this FREE spreadsheet to download and use to help you to review your own portfolio.
This property portfolio review spreadsheet calculates LTV's (confirm your leverage), possible available equity (to release and reinvest?), an example of a reduced interest rate product (to reduce your current outgoings?) and provides you with the ability to have a detailed overview snapshot of your portfolio, all in one easy to use format.