Why you can have lower rental income with longer term mortgage products? Plus other BTL lending questions. (With Josh Hayseldon from the Mortgage Advice Bureau)

Happy Tuesday!

This week I chat to Josh Hayseldon from the Mortgage Advice Bureau about all things mortgage!

This is a super meaty podcast, so make sure you have your “listening” ears on.

Josh and I chat about both the sellers and buyers market. In general, we chat about the trends in the market right now. But we also get into the nitty-gritty details about interest rates, strict lenders, and stress tests- among a whole lot of other very useful info.

As a guide, I have noted some of the topics and the times you at which you will find them in the podcast. It’s only a sneak peek- so I would recommend that you listen to the whole podcast to really get a full understanding of the subject.

What can you expect in this week’s podcast? Check out some of the subjects below:

[01:20] Our guest, Josh Hayseldon from the Mortgage Advice Bureau introduces himself and explains what he does.
[02:03] Are mortgages easy to get right now? Josh feels it’s a good time! Listen here to find out why he is so positive about it.
[04:47] The Stress Test. If you haven’t heard about this before, or you want to find out more, listen here! It’s a pretty big obstacle, especially for BTL lending.
[07:47] Here we chat about why one can have a lower rental income with longer term mortgage products.
[11:19] There are so many great lending products out there at the moment. Josh explains some of the best… From fixed to tracker, to variable.
[14:07] Re-mortgages!
[17:30] Loan to value. Josh gives his take on what investors should start with.
[20:50] STRATEGY! One of the main things lender want to know, is what you intend on doing with the property and what options have you got for re-payment.
[25:32] Are interest rates going to go up? The forecast is positive for mid-year 2020.
[27:15] We all want to know more about pitfalls when lenders are considering getting a new BTL mortgage. We chat about tax implications and stamp duty…
[29.32] We chat about Serviced Accommodation and what you need to know about getting a mortgage for this type of property

Thank you to my guest speaker Josh Hayseldon. That was a truly great interview and I know that my listeners are simply going to love delving into the info here.

Head over here to listen to the full podcast.

Or, if you want to watch a sneak peek, I’ve added a 10-minute segment below. Do listen to the pod if you want to get the “full picture”.