Paul Martins - Blogs

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  • How the new underwriting rules are affecting landlords borrowing



    It is now just over a month since the PRA introduced new guidelines for lenders underwriting buy to let mortgage applications from for portfolio landlords. Paul Martins, expert buy to let broker looks at the major changes and offers his honest opinion on how the market is adapting.

  • 6 Best Buy to Let Mortgages



    Paul Martins, Head of Buy to Let hand-picks his top 6 buy to let mortgage rates for individuals and limited companies.

  • Buy to let for older borrowers and as an alternative pension strategy



    The Autumn Budget 2017 will be announced on 22nd November and already there are rumours that the Chancellor plans to reduce the annual pension contribution allowance, the lifetime pension allowance and tax relief on pension contributions. If any of these reductions happen, you might consider buy to let as an alternative pension strategy to boost your income in later years. Here are some pointers to bear in mind if you thought you might not qualify.

  • Why five year fixed rate buy to let mortgages are rising?



    The Bank of England has signaled that there may be two further increases in the base rate in the next three years, so is now a good time to get a fixed rate buy to let mortgage? Paul Martins, Head of Buy to Let, gives his view.

  • No EPC no buy to let mortgage



    In future, landlords may struggle to get buy to let finance if the property does not have the correct Energy Performance Certificate rating, as Paul Martins, Head of Buy to Let Mortgages explains.

  • How the new PRA guidelines for portfolio landlords will affect you



    From the 30th of September, lenders must implement changes to the way in which buy to let mortgage applications are underwritten for portfolio landlords. Paul Martins, consultant mortgage broker explains who will be affected and what can be done to prepare.

  • How to save £3,368 in BTL mortgage payments over two years



    Is your initial rate period about to finish or are you already paying the BM Solutions' higher reversion rate? Are you struggling to remortgage elsewhere because your rental income no longer meets lenders' stricter Rent to Interest calculation?

  • 6 weeks in – how the PRA rules are affecting landlords



    It is now just over a month since the changes to affordability checks, and in particular the stricter rent to interest calculations, were introduced by the Prudential Regulation Authority. But has much changed? Paul Martins, consultant mortgage broker, investigates.

  • More lenders change their rental cover requirements



    Last week we saw another mainstream lender, Santander, announce that it is moving its rental coverage requirements upwards in response to forthcoming affordability assessment changes required by the Prudential Regulation Authority.

  • Borrowing: six months ago versus today



    Paul Martins, consultant mortgage broker looks at what your rental income would get you today in terms of borrowing compared with six months ago.

  • A buy to let mortgage with no maximum age limit...



    Paul Martins, consultant mortgage broker looks at current age restrictions in the buy to let space and explains what you can do if you’re an older landlord who feels like you’ve been locked out of borrowing due to your age.