Ramsay & White - Finance For Property Investors

We normally deal predominantly with Property Investors, but recently had the pleasure of helping two First Time Buyers secure the right product for their new home. Thank you for the kind review.

A few progress shots from one of our HMO investor clients. . They’ve done a brilliant job converting this run down terraced house into a quality HMO, where there’s a real tenant demand. . Using the right finance products allowed them to quickly acquire the asset and also exit once the work was completed. They are now onto their next deal. #ramsayandwhite #hmos #investmentproperty #landlords #buytoletinvestment #finance #mortgagebrokers

A few progress shots from one of our HMO investor clients.
They’ve done a brilliant job converting this run down terraced house into a quality HMO, where there’s a real tenant demand.
Using the right finance products allowed them to quickly acquire the asset and also exit once the work was completed. They are now onto their next deal 👏🏻

Coming soon...
Looking forward to sharing the content we’ve created for the Ramsay & White Podcast.
We’ve interviewed Investors, lenders, private funders, solicitors, accountants, brokers and developers.
... We also discuss funding:
Serviced Accommodation Developments HMOs Buying at Auction Properties with Japanese Knotweed Buy to Let’s Company structures Land without planning Portfolio acquisition Hotels
See More

Buying property through a company structure...
When you are setting up a limited company, we would recommend that, after you have spoken to your property tax advisor, you speak with your mortgage advisor to make sure that the structure of the proposed company works from a finance point of view.
Each lender can have a different view of shareholding’s and directorship. Some lenders ignore minor shareholders while others will want the shareholders to be on the mortgage application, which means they need to meet the lenders criteria.

Why use Bridging or Short Term finance?
- Buying at Auction - Asset backed lending - Buy to Sell... - Renovation - Developments - Undervalue Purchase - Speed - Cross Securitisation 100% lending
What is Bridging finance?
- Short Term Lending - Offers the borrower speed in the transaction - A funding facility that is commonly used by Investors - Refurbishment funds available - Common sense lending
Bridging Misconception
- Bridging is expensive
Facts
- The bridging industry has increased from £1 billion to £7 billion since 2011 - There are now 45 mainstream lenders in the market plus private funders, making it highly competitive - The funding is used short term - normally 12 months to maximise profits and therefore higher than a standard mortgage - Experienced Commercial Brokers will be able to negotiate rates unlike high street lending - Funds can be released in 7 days if you have the right team in place
Other ways to use Bridging
- Improving negotiating power - Commercial purchase - Semi Commercial - Land without planning permission - Grade listed buildings - Purchase Lease Options - Assisted Sales -Exchanged Delayed Completions
Recent Case Studies
- 100% funding - Offered against OMV and not PP - land without planning - once in place 100% was offered towards the work cost - Property with Japanese Knotweed (client could offer lower) - Grade ll listed building - split titles abs sold with an uplift - HMO - 75% towards the purchase and 100% towards the work - Unencumbered BTL - needed funds in 5 days to complete on a development site (traditional BTL mortgage wouldn’t of completed in time)
See More

Tesco Bank to exit mortgage market...
Lender also ‘exploring options’ to sell £3.7bn mortgage portfolio

One of the most exciting aspects of currently investing in HMOs is the positive state of the market today.
Demand for flexible accommodation is on the rise in the UK. With HMOs no longer seen as simply a residence for students, they are a brilliant property to invest in if you’re weary of a drop in the housing market. With rising numbers of people considering more affordable properties for their rental options, HMOs stand strong against market fluctuations and deliver a consistent demand.

Developer Exit Loans
Ramsay & White - Finance for Property Investors are working closely with lenders offering a developer exit loan on residential properties.
The loan is secured on a property that has reached practical completion with all consents and a warranty or professional consultant’s certificate in place.
... The property must be marketable and only recently offered for sale, but this can be used to replace other short-term finance which is ending or needs repaying. Interest is rolled until repayment of the loan on sale, so a useful product if you have completed a project and want to release some funds while the sales are progressing.
Rates start from:
55% LTV – 0.44% per month 65% LTV – 0.54% per month
Maximum term – 18 months
Minimum loan size – £100,000
See More

Paul Davies, Senior Commercial and Residential Advisor has secured a contract between Ramsay & White and a new Estate Agent in Cardiff 🏴󠁧󠁢󠁷󠁬󠁳󠁿
We look forward to helping the agency grow by providing the finance support for their first time buyers, home movers and investor customers.
More information to follow...

13th May - Ramsay & White are back in London for the next Square Mile Property Meet presenting on available Serviced Accommodation funding.
For more information contact the team today.

Dedication ✅
Knowledge ✅
Communication ✅
... Progress ✅
Teamwork ✅
Customers ✅
Goals ✅
See More

We’ve just negotiated a new office space, which is double the size of the existing one.
Looking forward to expanding the team as we aim to push towards our mission of helping property investors across the UK secure the right funding for their projects.

Senior Commercial Advisor, Paul Davies, has recently completed on a deal for one of his investor customers where he saved them 35k in interest by using the right lender and product.
Paul’s knowledge of the Commercial market is 2nd to none. For more information on Bridging and Commercial lending contact Paul:
Paul.davies@ramsayandwhite.com

For more information contact dean.cripps@ramsayandwhite.com

Fleet Mortgages returns to lending with enhanced product range with immediate effect from 09th April 2019.
Highlights of the enhanced product range includes:
1. Limited edition rates from 2.69%.... 2. 5-year fixed pay rate ICR 125% at initial rate. 3. Free valuations up to a property value of £500,000 on selected Standard and Limited Company 2 and 5-year products. A discounted valuation fee scale for property values greater than £500,000. 4. New business written from 09th April 2019 onwards will qualify for available product transfers at the end of their fixed rate term. 5. Introduced stepped ERC’s across the range. 6. Rental calculation is 125% at 5.5% for all taxpayers.
• Portfolio Lending now up to £4m. (up to 75% LTV on lending up to £2,000,000, and 65% LTV on lending of £2,000,001 - £4,000,000)
• HMO lending – applicant now needs just 2 years landlord experience (was 3 years, if a landlord of a non-HMO property)
• Local authority properties outside London and South East - minimum valuation now £75,000 (was £100,000).
• ASTs now accepted up to 36 months (was 24 months). All Tenancy Agreements over 12 months in length must have the standard UK Finance break clause
• Capital Raising for Inheritance Tax and Capital Gains Tax now considered
• Newly converted freehold houses into flats now available to 70% LTV (was 60%)
• Pay rate rental calculations for individual and Ltd company products now 125%@ initial rate
For more information contact the team on enquires@ramsayandwhite.com
See More

Great to have Head of Sales from Precise Mortgages join us in the office today #ramsayandwhite.com

Tomorrow we’re interviewing Head of Sales from Precise Mortgages.
Bridging, BTL and HMO lender.
Any questions you would like us to ask then feel free to let us know.
... Video to follow.
See More