Aspire Property Finance

Navigating through the turbulent waters of Brexit, the ongoing challenges posed by Covid, and the geopolitical tensions in Ukraine has been no easy feat for Buy to Let investors in recent years. Add to that the cautious atmosphere, hesitancy, and rising mortgage rates, and it's understandable why many adopted a "wait and see" approach to their portfolios.

As we approach the end of low, historic 5-year fixed rates, landlords are now faced with a significantly different mortgage landscape. However, amidst the hurdles, there's a palpable sense of acceptance of the "new normal." Landlords are gearing up to resume growth and expansion plans in 2024.

The good news is that mortgage lenders are showing a healthy appetite for new business, the swap markets are exhibiting more stability compared to six months ago, and discussions about potential interest rate reductions and a general election are injecting additional optimism into the mix. It's evident that this year holds much more promise than the last.

And let's not forget the importance of having the right partner by your side. At Aspire Property Finance, we pride ourselves on being more than just order-takers or transactional brokers. We're here to collaborate with you, providing guidance, adding value to your existing knowledge, and leveraging our collective experience in the market.

🎉✨ New Year, New Opportunities! Top Tips for Navigating Property Finance in 2024 🏡💼🌐

1️⃣ Stay Informed on Market Trends: Understanding current trends and economic indicators will help you anticipate financing conditions and make strategic decisions.

2️⃣ Network with Industry Experts: Connect with professionals in the real estate and finance sectors. Attend industry events, join forums, and engage in conversations with experts.

3️⃣ Consider all options for Finance: Diversifying your sources can provide flexibility and creative solutions for your property ventures.

Speak to someone you can trust, if you would like any support with your Property Finance this year please get in touch:

☎️ 01225 800849
💻 [email protected]

Landlords reporting tenant demand hitting record high – Paragon - Mortgage Solutions

Landlords reporting tenant demand hitting record high – Paragon - Mortgage Solutions The share of landlords noting increased tenant demand reached 71 per cent in Q3, a record high for the metric.

Some 74 per cent of buy-to-let purchases in England and Wales have gone down the corporate route so far in 2023, up from 68 per cent last year and 41 per cent in 2015, according to research by estate agency Hamptons, read more here:

Rise in share of buy-to-let homes owned by limited companies Higher UK mortgage rates push landlords towards the tax advantages of company ownership

Members of the BTL industry have called on the government and mortgage market to further support social housing and other tenures following the latest data released by Shelter ().

https://btlinsider.co.uk/article/19314/lenders-urged-to-stop-turning-their-back-on-those-that-support-the-social-housing-market/

Our Partner Richard Manning is a strong proponent of this sector,
"𝘓𝘦𝘯𝘥𝘦𝘳𝘴 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘣𝘦 𝘴𝘦𝘦𝘯 𝘵𝘰 𝘥𝘰 𝘮𝘰𝘳𝘦 𝘢𝘴 𝘵𝘩𝘪𝘴 𝘩𝘰𝘶𝘴𝘪𝘯𝘨 𝘯𝘦𝘦𝘥 𝘸𝘪𝘭𝘭 𝘯𝘰𝘵 𝘥𝘪𝘮𝘪𝘯𝘪𝘴𝘩 𝘪𝘯 𝘵𝘩𝘦 𝘴𝘩𝘰𝘳𝘵-𝘵𝘦𝘳𝘮, 𝘢𝘯𝘥 𝘪𝘯 𝘢 𝘳𝘦𝘯𝘵𝘢𝘭 𝘭𝘢𝘯𝘥𝘴𝘤𝘢𝘱𝘦 𝘵𝘩𝘢𝘵 𝘪𝘴 𝘴𝘦𝘦𝘪𝘯𝘨 𝘭𝘢𝘯𝘥𝘭𝘰𝘳𝘥𝘴 𝘦𝘹𝘪𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘮𝘢𝘳𝘬𝘦𝘵 𝘪𝘯 𝘥𝘳𝘰𝘷𝘦𝘴, 𝘵𝘩𝘦 𝘢𝘷𝘢𝘪𝘭𝘢𝘣𝘭𝘦 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘪𝘦𝘴 𝘵𝘰 𝘮𝘦𝘦𝘵 𝘵𝘩𝘦 𝘯𝘦𝘦𝘥𝘴 𝘰𝘧 𝘴𝘰𝘤𝘪𝘢𝘭 𝘩𝘰𝘶𝘴𝘪𝘯𝘨 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘳𝘴 𝘸𝘪𝘭𝘭 𝘴𝘩𝘳𝘪𝘯𝘬 𝘴𝘵𝘪𝘭𝘭 𝘧𝘶𝘳𝘵𝘩𝘦𝘳. 𝘚𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵𝘭𝘺 𝘮𝘰𝘳𝘦 𝘮𝘰𝘳𝘵𝘨𝘢𝘨𝘦 𝘰𝘱𝘵𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘢𝘯 𝘦𝘢𝘴𝘪𝘦𝘳 𝘳𝘰𝘶𝘵𝘦 𝘵𝘰 𝘧𝘪𝘯𝘢𝘯𝘤𝘦 𝘧𝘰𝘳 𝘰𝘸𝘯𝘦𝘳𝘴 𝘰𝘧 𝘵𝘩𝘦𝘴𝘦 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘪𝘦𝘴 𝘮𝘶𝘴𝘵 𝘣𝘦 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘥."

Exploring the UK Buy-to-Let Market: Opportunities and Challenges - Aspire Property Finance The UK's Buy to Let (BTL) market has consistently remained a popular choice, allowing individuals to generate rental income from residential properties, read on to find out about the opportunities and challenges...

🏡 Exploring the UK Buy-to-Let Market: Opportunities and Challenges 🏡

Are you considering entering the dynamic world of buy to let investment? The UK's buy-to-let (BTL) market has consistently remained a popular choice, allowing individuals to generate rental income from residential properties. 📈

However, the BTL market is subject to fluctuations, regulatory changes and economic trends that influence its dynamics.

Opportunities Await:

🔹 Rental Demand: With shifting demographics and changing attitudes towards homeownership, rental demand remains strong, offering investors a steady stream of income.

🔹 Steady Income: The allure of buy-to-let lies in the potential for consistent rental income, which can help offset mortgage payments and other expenses.

🔹 Long-Term Capital Growth: UK property values have historically shown an upward trend, offering the possibility of both rental income and capital appreciation.

Challenges to Address:

🔸 Regulatory Changes: Stay informed about evolving regulations affecting stamp duty, mortgage interest tax relief, and tenant rights. Compliance is key.

🔸 Economic Uncertainties: Global economic factors and domestic changes can impact property prices and tenant demand. Flexibility and careful planning are essential.

🔸 Mortgage Affordability: Stricter lending criteria mean understanding your financial capacity and aligning it with the mortgage you can secure.

Navigating the Path Ahead:

🔹 Research: Thoroughly research local property trends, rental demands, and potential growth areas to inform your investment choices.

🔹 Financial Planning: Crunch the numbers, considering all costs associated with property ownership, to ensure profitability.

🔹 Diversification: Spreading your investments across regions and property types can help mitigate risks.

🔹 Professional Guidance: Engage experts like real estate agents and financial advisors to navigate legal and financial complexities.

Whether you're eyeing your first property or expanding your portfolio, a well-informed approach is key to success in the UK buy-to-let market.

🏡 Exploring the UK Buy-to-Let Market: Navigating Opportunities and Challenges 🏡

Have a read of our latest blog at the link below:

Exploring the UK Buy-to-Let Market: Opportunities and Challenges - Aspire Property Finance The UK's Buy to Let (BTL) market has consistently remained a popular choice, allowing individuals to generate rental income from residential properties, read on to find out about the opportunities and challenges...

How to become a landlord: What you need to know before taking on tenants Research is vital so that when you become a landlord, you invest wisely

A surveyor’s guide to finding a profitable HMO https://www.propertyinvestortoday.co.uk/breaking-news/2023/4/a-surveyors-guide-to-finding-a-profitable-hmo

Have a look at this interesting article about the resilience of the Buy to Let Market over the years 👇

Comment: Never write off buy-to-let – Mortgage Strategy I read with interest a comment piece in the Telegraph from a London-based broker earlier this month, in which they called the death of the buy-to-let (BTL) market. Not to be glib or complacent, but I have heard predictions of BTL’s demise ever since I joined the mortgage industry over 20 years ago...

An interesting article about how the Buy to Let Market is faring in 2023....please share your thoughts on this in the comments below:

How is the buy-to-let market faring? Rental evictions have risen by 98%

𝗔𝗿𝗲 𝘆𝗼𝘂 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝗳𝗼𝗿 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘀𝘁𝘀? 🏡

Take a look at our website to see what our clients have to say 💻

https://aspirepropertyfinance.co.uk/

As funding specialists, we at Aspire Property Finance can source mortgages to suit your needs, whether you are a first time Landlord or Developer, or hold a multi property portfolio within the timeframes provided by auctions. 🏘

Get in touch to see how we can help you! ⤵️

📞 - 01225 800 849
📧 - [email protected]

Take a look at our recent blog on how using a Broker could support your Property Business in 2023 💻

https://aspirepropertyfinance.co.uk/10-reasons-why-using-a-broker-could-support-your-property-business/

10 reasons why using a Broker could support your Property Business - Aspire Property Finance Here are 10 reasons why using a broker could be the best option for sourcing lending options and supporting you with your finance needs.

𝗪𝗵𝗮𝘁 𝗱𝗼 𝘄𝗲 𝗱𝗼? 🏘

Aspire Property Finance is there to assist through every step of the process; from offer or the fall of a hammer at an auction, through to the research and recommendation of the most suitable product that is tailored to meet your needs, to valuation, offer and the legal process.

Our job is only done when you have the keys in your hand. 🔑

We have experience managing a large range of property transactions, from auction completions within two weeks of exchange, to complex investment portfolio transactions.

Whatever your property aspirations, let us work with you to help you achieve your goals!

📞 - 01225 800 849
📧 - [email protected]

𝐕𝐢𝐬𝐢𝐭 𝐨𝐮𝐫 𝐰𝐞𝐛𝐬𝐢𝐭𝐞 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐀𝐮𝐜𝐭𝐢𝐨𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐇𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐓𝐢𝐩𝐬 ✅

www.aspirepropertyfinance.co.uk (link in bio)

As well as our social channels, have a look at our website for useful hints and tips, as well as blogs, testimonials and key updates.

If you would like to discuss your plans to purchase property at Auction, please get in touch:

☎️ 01225 800 849
💻 [email protected]

What will 2023 hold for the buy-to-let sector?

What will 2023 hold for the buy-to-let sector? The buy to let sector is likely to contract in the new year according to this week s FTAdviser podcast guests as landlords battle with higher mortgage rates and navigate a landscape that is becoming increasingly regulated

𝘈𝘴 𝘸𝘦 𝘢𝘳𝘦 𝘨𝘦𝘵𝘵𝘪𝘯𝘨 𝘪𝘯𝘵𝘰 2023, 𝘩𝘢𝘷𝘦 𝘢 𝘳𝘦𝘢𝘥 𝘰𝘧 𝘰𝘶𝘳 𝘵𝘰𝘱 𝘵𝘪𝘱𝘴 𝘧𝘰𝘳 𝘓𝘢𝘯𝘥𝘭𝘰𝘳𝘥𝘴 𝘧𝘰𝘳 𝘢 𝘴𝘶𝘤𝘤𝘦𝘴𝘴𝘧𝘶𝘭 2023

✅ 𝐒𝐭𝐚𝐲 𝐮𝐩 𝐭𝐨 𝐝𝐚𝐭𝐞 𝐫𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐢𝐧 𝐥𝐞𝐠𝐢𝐬𝐥𝐚𝐭𝐢𝐨𝐧
Make sure you’re up to speed on the latest for, right-to-rent checks, gas and electrical safety, EPC requirements, boiler servicing and HMO licencing

✅ 𝐑𝐞𝐯𝐢𝐞𝐰 𝐲𝐨𝐮𝐫 𝐜𝐨𝐬𝐭𝐬
The main expenses for landlords typically include: service charges and ground rents, repair and replacement costs, insurance and fees occurred by accounting, conveyancing or mortgage interest.

✅ 𝐆𝐞𝐭 𝐨𝐫𝐠𝐚𝐧𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐚𝐧𝐲 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐦𝐚𝐢𝐧𝐭𝐞𝐧𝐚𝐧𝐜𝐞
Start booking in any works now and reviewing the impact this may have on your cashflow.

✅ 𝐒𝐭𝐚𝐫𝐭 𝐫𝐞𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐬
Do you know when your rates expire? Can any product transfers happen now? Ensure you are looking at the whole market to see what might be the best option for your and your portfolio.

If you need any support reviewing your finances and your portfolio please get in touch, we are on hand to give you an overview of the buy to let market and possible solutions and we are happy to have a chat with any Landlord/Property Investor if you are unsure what your options are.

☎️ 01225 800849
💻 [email protected]

We're exciting to be supporting our sister brand in fundraising for this excellent charity this year!

🌟We have some exciting news....we are delighted to tell you that we will be working with the Youth Adventure Trust as our Charity Partner for 2023 🌟

Youth Adventure Trust play an important role in helping vulnerable young people build confidence, resilience and aspirations for a positive future in their local area. You can find out more about the Charity at the link below 👇

https://www.youthadventuretrust.org.uk

Watch this space for more information on the fun (and challenging) events we have got planned!

The Autumn Statement: What Property Professionals Need to Know https://www.propertista.co.uk/the-autumn-statement-what-property-professionals-need-to-know/

The Autumn Statement: What Property Professionals Need to Know - Propertista With UK inflation sitting at a 40-year high, the cost of borrowing rising dramatically and the nation’s economy on the precipice of recession, it was little surprise that last week’s long-awaited Autumn Statement, designed to restore economic stability, tackle inflation and reduce the national d...

Entries are invited for the final Auction of 2022!

If you are interested in buying property at Auction, have a look at our Auction Finance hints and tips page 💻

https://aspirepropertyfinance.co.uk/auction-finance/

Everything you need to know about swap rates...but were afraid to ask - Mortgage Solutions https://www.mortgagesolutions.co.uk/news/2022/10/07/everything-you-need-to-know-about-swap-rates-but-were-afraid-to-ask/ via Mortgage Solutions

Everything you need to know about swap rates...but were afraid to ask - Mortgage Solutions Swap rates: what are they? Why have they been rising? Why are they important? What is the outlook? What can brokers do to help their clients?

https://www.mortgagestrategy.co.uk/news/rental-growth-tops-12-amid-cost-of-living-concerns-zoopla/ #.YyBWyFNIFwE.twitter

Rental growth tops 12%: Zoopla | Mortgage Strategy Rents have jumped by 12.3% over the last year to £1,051 a month on average, according to Zoopla, pushing tenants to look for smaller properties with lower running costs. Tenants are “shifting their focus” to one and two-bed flats this year and last year, from two and three-bed homes previously,...

Don’t delay on energy efficiency Sharply rising energy costs are already providing a strong incentive for landlords to make their properties more energy efficient – and now the prospect of tougher regulations is further encouraging improvements to environmental performance.

Last call for entries in our September auction! Get in touch with us at www.cliveemson.co.uk to find out whether your lot could be featured in next month's auction.

Have a read of our latest blog about the lender requirements for portfolio landlords and how we can help...

What are the additional lender requirements for portfolio landlords? - Aspire Property Finance We work with lots of portfolio landlords and we know the market and the specific requirements for each lender. If you are a portfolio landlord looking to refinance or add to your portfolio please get in touch, our job is to manage the lending process for you and make it as easy as possible.