Landlords from across the country met with leading suppliers of services including tax, mortgages and legal advice to name but a few at one of the UK's largest residential property investment exhibitions. Feedback from delegates was overwhelmingly positive.
Amy Earl, Andy Elley, Charlie London and Nick Helm of Mortgages for Business were available throughout the day to discuss property finance solutions with both landlords and developers.
During the exhibition David Whittaker, CEO of Mortgages for Business ran a 40-minute seminar on the ever-changing buy to let landscape.
The seminar proved a huge success with many asking for a copy of the presentation to be sent through after the event.
In particular, landlords were interested in hearing about using limited company structures for their buy to let borrowing.
It also transpired that many investors who own four or more mortgaged buy to let properties, were unaware that come October they will be officially classed as “portfolio landlords” and as such, lenders will have to apply a specialist underwriting approach to all new borrowing.
Mr Whittaker explained that this would mean that that lenders will require much more detailed information from landlords, even for a simple remortgage, and he encouraged them to start preparing detailed spreadsheets of their portfolios and associated borrowing now.
The full presentation can be downloaded below.
>> The ever-changing buy to let market
Presented by CEO, David Whittaker
Missed the show? Don't worry. Mortgages for Business will next be exhibiting at The National Landlord Investment Show on Tuesday 26th September at the Kent Showground in Detling.