"The Property Den with Ken & Glen" Episode 12

"The Property Den with Ken & Glen" Episode 12

"The Property Den with Ken and Glen" Hello again dedicated property enthusiasts! An earlier than normal Episode of the show, we all know that the mortgage market is a dynamic landscape, forever shifting and evolving. But what does the future hold with all the recent changes we are witnessing. Buckle up as we take you through our final episode of series 2. Market update: The New Labour Government and what does it mean for the property market? Labour is offering an Olive branch to the mortgage market, how does this look, and will they deliver on their Manifesto promises? Lenders spotlight: Accord – Cascade scoring Helping serve not only Vanilla clients but those whose credit score may not be exactly where most high street lenders want them to be. We then move swiftly into the Q&A section of the show. * I have owned a property before and sold it 5 years ago when I split with my Ex-partner. I’m now renting but am I now classed as a first-time buyer? *  I’ve inherited some money from my late aunt which I want to use to buy my first home as a deposit. I have no idea where to start through? If there anything you can suggest helping me get started? *  Do I physically need to clear my credit cards on my mortgage application? Do banks want to see the proof it’s gone? * Looking at buying an investment but the property is pretty run down and need a total refurb, it does however have a working kitchen and bathroom, I understand that’s the main priority for the lender, could I get a mortgage on this? * Hi Guys, I have just accepted a new job, this will give me more income jumping from 38k a year to 43k is there any way I can use this income even though I don’t start till September? *  I have recently taken a 5 year fixed rate with my current lender, I have seen a house that has come to market close to a school where I want my son to go, if I sell and then buy this new home is there a way to not have to pay my early penalty fee? Thank you for all your support during the first 2 series of the show, we are on a break and will look to return in the Autumn.  For now,  “it’s Goodbye from Ken & it’s Goodbye from Glen”  “Goodbye” !!

The Property Den with Ken & Glen, Episode 11.

Greetings, property enthusiasts! It's time for another riveting episode of The Property Den with Ken & Glen. We are getting you prepped to start a new month with more insightful ramblings from two experienced Mortgage brokers and Portfolio landlords. What should you expect from this episode: Market Insights: Glen calls it on the recent Base rate decision whilst ken is still optimistic that the next MPC meeting will see the rate cut we are all waiting for. We have begun to see the domino effect of some lenders cutting rates which is good news for everyone, we discuss this along with the uptake we are seeing in Conditional selling from estate agents. This weeks Lender’s spotlight is NatWest [https://www.linkedin.com/company/natwest/]. NatWest the high street bank have introduced Its new maximum loan-to-value rates for new build properties. Kudos to Natwest and Lloyd Cochrane [https://www.linkedin.com/in/lloyd-cochrane-9b15a57/] and welcome to the Hall of fame appearing on the lenders spotlight. In our Q&A segment, we dive recklessly into the burning questions that keep you up at night. * I have a ltd company, but I only set it up a year ago after being a sole trader for a few years, I have an application in with Santander and they have declined to lend even though my accountant has explained that nothing has changed in my business except how I trade. Been told I must wait 2 years, is there anything I can do? * My ex-partner pays me cash for the maintenance of our child. It’s not through the courts as it’s an agreement. Can I use this towards my income on a mortgage application? * Is it better to be an employed or self-employed mortgage broker? Which route can I earn more money in? Thanks, you gents are superb! * Should I use a managing agent for my new buy to let purchase?I’m struggling to buy on my own, a couple of friends have suggested we buy together, I spoke to my bank, but they will only allow 2 people on an application, is this the same everywhere? * Hi Gents I have seen a property in Ossett west Yorkshire, it’s up for auction and I want to bid on it, I have a deposit of around 30%, the property needs a renovation as its been empty for a long time, can I get a mortgage on this? * I am looking at taking out some family protection, but the cost of critical illness is looking too expensive, I have two young boys and wanted to try and have cover that would also cover them, but now I am looking at only Life cover, is there a way that I can still cover the boys without it taking me over the top budget wise. As you can see another bumper episode to wrap your ears around, stay tuned and follow the podcast on spotify or Apple to be notified when the episode are released. For now its Goodbye from Ken & Goodbye from Glen.

"The Property Den With Ken & Glen" Episode 10

The Latest Episode of “ The Property Den with Ken & Glen” is a must-Listen for anyone interested in the UK housing market. This latest episode offers invaluable insights into the current climate, with a keen focus on the opportunities and challenges faced by landlords and first-time buyers whose average age for home ownership is said to be 33. Ken and Glen provide a comprehensive analysis of the market trends, guiding viewers through the complexities such as the recent European Central Banks rate cut, and the potential for a rate cut when the Bank of England's MPC meet. What sets The Property Den apart is their commitment to impartial and transparent discussions, ensuring that viewers receive a balanced perspective. Whether you're a landlord seeking to expand your portfolio or a first-time buyer dreaming of home ownership, Ken and Glen's insightful commentary will leave you feeling informed and motivated to make well-informed decisions. Lenders spotlight in this episode: Broker special double feature. * Accord – growth series helping brokers with inspiring podcasts and material to help with social growth and guides to help tackle the challenges facing the mortgage sector. * Mpowered – Marketing genius - A Free AI tool to help you create blogs and social; media content vlogs blogs website content. Q&A section: * I can’t save enough deposit whilst paying rent. What can I do to get on the ladder, or should I give up? * Can I buy a BTL for my family to live in as they are too old to get mortgages, Why are deposits higher for buy to let properties than a residential property? * I went direct to my bank and the mortgage advisor has said that the valuation has come back with a request for an arboricultural report, what is this and how can this affect the purchase of the property, apparently they won’t offer without seeing this and I have to pay for it. * Whats the difference between a BTL and a HMO? * I bought a BTL cash from an inheritance I had, I live withmum and dad but want to now release money from the BTL to fund another investment property, I only bought it in May and I’m having problems trying to source a lender, why is this and is there anyone that will lend me. All in all, another engaging episode brimming with relatable property wisdom. Ken & Glen's unique brand of wit and practicality is why The Property Den continues to be a hit! As always, they keep things jargon-free and straight-talking. Until the next Episode. Its Goodbye from Ken & It’s Goodbye from Glen. Goodbye!

"The Property Den with Ken & Glen " Episode 9

Are you ready for another Episode of “The Property Den with Ken & Glen” ? Ken and Glen, bring a wealth of knowledge and banter that'll make even the driest financial jargon sound like music to your ears. Trust us, you won't want to miss another bumper packed episode! As the nation gears up for the July elections, Ken and Glen dish out their insights on how political currents might influence the housing market. They discuss the latest trend of Lender buy outs, with the market choice possibly getting smaller, how might this affect the options available to their clients. Lenders Spotlight is METRO. Then we get right into everyone’s Favourite segment: The “Questions and answers” * I’ve had an offer accepted on a new property and mortgage offered but I prefer another property which has come on the market, Can I reapply to the new property instead? * I’ve decided to wait until after the upcoming election to buy my first home? Is this wise? *  What is a fixed rate? I hear all this mortgage jargon and I just get confused as a first time buyer. You guys are my eyes & ears, thank you *  I have seen a property that needs some work doing to it, I want to buy it but the estate agent says that due to the condition getting a mortgage on it will be an issue. Is there a way that I can do this that will mean I don’t have to find all the cash myself? * Is the Buy to let market still a good place to invest, been looking at rates but the fees seem so high on the lenders deals now? That wraps up another episode of "The Property Den with Ken & Glen" So it is "Goodbye from Ken" and its "Goodbye from Glen" Goodbye !!

The Property Den with Ken & Glen Episode 8

On this Episode we have the pleasure of welcoming Deborah Reeves National account manager from Perenna. As a new player on the scene, we wanted to get her insight as to what Perenna will be bringing to the market and what you should be expecting from them.  We discuss the way the lender is funded and the long-term fixed rates that are popular across Europe but new to our shores. After we finish up with all things Perenna we head into the market and the current state of play for the mortgage market. We discuss the fact that the Base rate held, and the effect of this on the market. We look at where rates are now and discussing the topic of Gambling and how this may look to a lender if you wanted to apply for lending. Lender’s spotlight!! Today’s lender is HSBC. We look at how they would approach lending if you were a Sole trader and then transitioned over to becoming a Ltd company, Director. Then we head into everyone’s favorite section. Question Time,   * We want to sell our house to buy the next one, but pay off some of our debt with the equity, can we do this, or do we have to use all the funds on the new home? * What happens if you have a mortgage with mate’s or partner and you fall out and cannot get on with each other anymore?     * Would I be able to get a mortgage for £130k on a 28k salary, I’m 19 years old?         * If I am on Maternity leave does this mean that the lender will only use my husband’s salary for the mortgage application? * If I want to buy a BTL is it easier to do it via a ltd biz or in personal names? * I have defaults over 4 years ago but a healthy deposit of 60k and an income of £55k would it be possible for me to get a mortgage? And that is all Folks for another episode, we hope you enjoyed as much as we did. Until the Next episode Its Goodbye from Ken & It's Goodbye from Glen, Goodbye !