What are the additional lender requirements for portfolio landlords?

What is a portfolio landlord? A portfolio landlord is an investor with more than 4 mortgaged investment properties. What additional information might lenders require from portfolio landlords? Following a PRA review in 2017, it was suggested that lenders consider the following when accepting applications from this type of investor: Property portfolio spreadsheet Cashflow forecast spreadsheet…

Review of 2021

We spoke to Rich and Nicki to find out about their highlights of 2021 at Aspire Property Finance “Moving to a new role in the middle of last year might have seemed brave at the time but Nicki and I couldn’t have been happier with the move and how welcoming, professional and fun to work…

A Guide to HMO Investment

A house in multiple occupation is a property rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but share facilities like the bathroom and kitchen. It is sometimes called a ‘house share’ – gov.uk website. A House in Multiple Occupation (HMO) can be considered a lucrative investment…

Is Auction Finance difficult?

The short answer is ‘no’, especially if you use a team such as us as your trusted partner to guide you and help source the finance you require in the quickest possible timescales.   The key is planning and knowing the details of how much you want to spend on the property, any possible development…

What is Auction Finance?

“Auction finance” is a term that is used regularly but what does this actually mean? In reality, it is just finance that can be sourced within an auction timescale and the lenders and products available are typically the same you would be able to obtain if you were purchasing a property outside of auction. It…