Welcome to the CPC Finance newsletter. Keep up to date with the news and our views on the property finance market.
BTL landscape is changing
Landlords are currently facing a shifting investment landscape with the government bringing in tax changes and stricter underwriting criteria alike. The recent Stamp Duty rise saw a flurry of deals pushed through in the first quarter of the year and we anticipate a busy summer as landlords adjust to the new environment. It will also be a time for many landlords to decide whether purchasing as an individual or as a limited company is the best option for their portfolio ahead of next year's changes to tax relief.
As the environment continues to change, one thing will stay constant - if you have spotted your next property and are looking for finance, we look forward to your call.
UK property auctions April-June
We will be at the Dedman Gray auction on the 25th May and would love to talk to you about your property finance needs if you are attending.
Upcoming adjustments to underwriting standards and affordability testing for landlords
The changes to the property investment landscape continue with the Bank of England Prudential Regulation Authority's consultation paper Underwriting standards for buy-to-let mortgage contracts, which lays out changes to underwriting standards for property investors, as well as expectations for affordability testing.
At the recent Property Investor Show, Stephen Johnson, MD of Commercial Lending at Shawbrook Bank, a member of our lending panel, explained the upcoming changes to Propertytribes in an informative video.
CPC Finance case study: The Lookout
Our client Mark Forrest of Leaf Forrest ltd, kindly let us feature his latest project, The Lookout, on our website. A renovation project in Broadstairs, Kent, it is a great example of how timely finance on a specialist deal can make all the difference to securing the property.
If you like to take inspiration from the projects of other investors, read the case study here.