The Property Den with Ken & Glen

Hosted by Ken James

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Jul 2024

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Demystifying the world of mortgages and discussing all things Property related.

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July 8, 2024Episode 1238 min

"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” !!

July 1, 2024Episode 1138 min

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. NatWest the high street bank have introduced Its new maximum loan-to-value rates for new build properties. Kudos to Natwest and Lloyd Cochrane 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.

June 17, 202438 min

"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!

June 3, 202437 min

"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 !!

May 20, 20241 hr 7 min

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 !

May 6, 202438 min

Episode 7 of the "Property Den with Ken & Glen"

Welcome to the latest fun packed episode of the "property Den with Ken & Glen" We start as always with our current market update, and review the Topsy Turvy world of rates, and look at how resilient the market can be against a backdrop of rate rises. Ken gets to grips with some market data research he has read from EasyMoney, they analysed the recent performance of the housing market based on the latest available Land Registry data, calculating the average monthly rate of growth seen since interest rates were held at 5.25% in September of last year. Listen as Ken Counts down the top 10 potential HOT SPOTS according to the report, do let us know what you think of these locations. Todays "Lender spotlight" Coventry's self employed policy We move now to everyone's favorite part of the show.. Question time How likely am I to get approved for the 99% mortgage with a fair to good credit rating ? Hi my partner has a few betting transactions on his account over the past few months will a lender decline because of this ? Is the Buy to let market dead? I spoke to a broker and the fees on the deals where really high, is this the new norm for this type of purchase? Submitted a mortgage with a deposit of a Gift from parents, I have an offer now but I don’t need the gift as I have sufficient savings, should I tell the lender or shall I keep quiet as I have the Offer? Landlord has offered to sell me his Flat £150k I only have a £12k deposit would this be possible ? And that draws to a close another great episode, we hope you enjoyed. Please support the Podcast by giving us a 5 star review and share the podcast with friends and Family. For now its "Goodbye from Ken" and its "Goodbye from Glen". Goodbye !

April 22, 20241 hr 8 min

Episode 6 of “The Property Den with Ken & Glen”

We are joined in this episode by Tom Keogh of TNT Developments. Tom will guide you through all the ups and downs of Services Accommodation and what it means to run a successful business in this area. We then begin to get up to date on how the mortgage markets are looking including the fact that Inflation came down from 3.4 to 3.2 slightly over the predicted 3.1% Will this slow down the BOE decision to reduce the base rate? We discuss how the lenders rates are at the moment with the market getting geared up for the summer period Lender spotlight !!!! Perenna We Review the "Deposit unlocked" for New Builds with just a 5% deposit When clients are looking to buy a new build home but saving for their deposit seemingly a little out of reach, ‘Deposit Unlock’ is one option that may ease the burden of building that deposit. Then its everyone's favorite section: Question time Why are 5 year fixed rates lower than 2 year? What is the lenders product fee? Why do they charge it? And Santander charge a £225 fee to leave them even if your not fixed in? Why? My mortgage is due to renew in September do you think I can get an interest only for now to stop the payments going up so much? I am buying a BTL flat, its has five stories and no lift will I be able to get lending, my broker says this is proving a tough ask? Another great episode for you today, do get in touch if you would like to ask a question and see below for contact details for Tom Keogh for all things Services accommodation. For now its Goodbye from Ken and its Goodbye from Glen. Goodbye!! Links for Tom Keogh Linked in linkedin.com/in/tom-keogh-6a8671275 Website tntdevelopments.co.uk Email tom@tntdevelopments.co.uk

April 8, 2024Episode 538 min

Episode 5, series 2 of "The Property Den with Ken and Glen

Episode 5 of The Property Den With Ken & Glen, We review the market, the ups and downs of the rates and discuss the volatility of the Sonia Swap rates. Also we send out a big Shout to David Lowe Listener and supporter of the show, who has just passed his CeMap qualifications and is ready to embark on a new career in Mortgages and protection. Today's Lender spotlight “Accord” £5000 Deposit Mortgage Product that is New to market. Then we head down to Q&A corner to answer some great questions from our listeners. I have been accepted to a new Job, will I be able to use this income on the application for the mortgage or do I use my old salary which is less? I would like to use a mortgage broker, but do I need to use one that is local to me? I work in the construction business as a CIS worker, I get payslips so will the banks treat me as employed? and can I use my payslips to get a mortgage ? I have been told by my broker that I can borrow more on a buy to let if I do a LTD company buy to let versus a Personal Buy to let is this true? Hi Guys, I have been sent an Offer from the lender, but the first mortgage payment is much larger than the standard monthly mortgage payment I was expecting, do you know why this is? That’s another Great episode wrapped up for another fortnight. Till next time, It's Goodbye from Ken & It's Goodbye from Glen, Goodbye!

March 25, 20241 hr 7 min

Episode 4 of The Property Den With Ken & Glen

Welcome to a bumper episode of The Property Den, Today we have a special Guest Nicole Dean from the Will Guys. Nicole and the boys uncovers all the ups and downs of the Will writing service and busts some myths along the way, some great content not to be missed. Then its straight back to the world of property. What’s been happening in the market and how is this affecting the likes of you and me? The "Lender spotlight" today falls on Nationwide and a First Time Buyer product: Helping hand We finish of today's show with some great questions from our listener's Is renting such a bad thing? I hear horror stories or people getting mortgages and then having huge costs when things go wrong in the house? I’m worried about buying because of this. Hi guys, how young were you both when you got your first mortgage and was it as hard as it is now? Do all mortgages come with a Product fee? What type of mortgage would you recommend now a Fixed rate or Tracker and for how long ? My 5 year fixed rate Help to buy deal is coming to an end in September, should I try to repay the Help to buy loan or just carry on remortgaging keeping it in place? And that wraps up another great episode !! "So its Goodbye from Ken & Its Goodbye from Glen Goodbye"

March 11, 2024Episode 338 min

Episode 3 of “The Property Den with Ken & Glen”

Welcome back to series 2 Episode 3, Ken & Glen discuss the recent Budget update and their immediate thoughts on what this means for the property market. We discuss the current market and the turbulence that is being felt buy the industry. Then its into the new section "Lender spotlight" focusing on two lenders in this episode. Accords LTI Boost & Skiptons Track record mortgage. And then its down to business with our questions and answers. We have a bumper questions section today and get to grips with all of the following. I’ve moved out of renting to move back home with my parents to save some money, Is this a good move? Hi guys I've been told that when I sell my residential to buy my next house because I have made a big profit I will have to pay Capital Gains tax, is this right? I have inherited some money should I pay off my residential mortgage here or buy a Holiday home abroad? Is it a good idea to borrow more in my mortgage now while rates are quite high to clear my debts, I have a loan & 2 credit cards. Thanks guys Hi, Me and my Partner are first time buyers and have had an offer accepted but the estate agents pushing us to use the in-house mortgage advisor, they are saying that the seller wants them to control the work to enable them to have a better outcome on the sale. They charge a fee of £399 and to be honest they don’t fill me with confidence. If you would like to know the answer to these or have a question of your own that you would like us to answer then send your question in to us. and do not forget give the show a Follow, Like and Share the podcast.