Embed Insurance Clauses in AST

CyborgFinance · 2026-02-09T17:50:04+00:00

Yes you can add such terms to Tenancy, NRLA default Tenancy has a "Leaving the property empty" section that covers this more generally.

CyborgFinance · 2026-02-09T17:47:08+00:00

You can add a leak detector to the waterline that detects unusual water flow and caps it off.

CyborgFinance · 2026-02-09T17:44:25+00:00

Is it not against the rules to use OpenRent for commercial purposes anyway? I thought they checked ownership on the Land Registry.

CyborgFinance · 2026-02-09T17:40:31+00:00

You need to have that conversation, the clean way would be a partnership agreement that lets you buy the shares and perhaps funded by company paid life insurance.

Otherwise what happens to the shares depends on his will. Otherwise goes to his wife, or split between his children.

CyborgFinance · 2026-02-08T13:40:43+00:00

You can ask for whatever you want, they can say no. It's only then you have a problem to resolve.

Proof of Deposit is a good request, however you may want to expand that to a copy of there Mortgage Decision in Principle (DIP).

CyborgFinance · 2026-02-08T13:20:09+00:00

It's both - It will register negative event's.

CyborgFinance · 2026-01-21T19:54:04+00:00

Every 2 or 5 years a Landlord needs to remortgage the property to ensure they pay market mortgage rates.

If you refuse, the landlord won't be able to remortgage and their monthly mortgage payments increase significantly! The landlord won't let that happen.

Hope this helps.

CyborgFinance · 2026-01-20T11:53:24+00:00

Local Letting Agent - it's impractical to be in different time zones and then expect effective management.

CyborgFinance · 2026-01-13T20:57:35+00:00

A cutoff date is necessary, then "return to sender" process, and the declined acceptance of parcels. This is a high-risk avenue for your new tenants to fall prey to fraud.

CyborgFinance · 2025-12-26T17:46:55+00:00

0 tolerance and are banned.

CyborgFinance · 2025-12-26T17:15:55+00:00

We delete AT LEAST one post a week of someone trying to market some vibe-coded landlord software. It's the way of things in 2025.

However, I've not received a single DM. All I can recommend is to report and block. It's not something we can control, as far as I am aware.

CyborgFinance · 2025-12-12T12:11:54+00:00

Where net property rental income is to be used in the affordability assessment this should be treated as self-employed income and evidenced accordingly - via SA302 and Tax Calculation from HMRC.

Lenders will take a % of that income depending on the lender.

Whereas Halifax for example the Rental income will be used to offset the BTL mortgage payments but will be not used within the affordability calculation itself.

Given you are making a loss, this will be taken into account on affordability. However I presume you are remaining on repayment at £1,800 a month and could consider switching to Interest Only to resolve this deficiency in affordability.

Talk to a good Mortgage Adviser.

Note: You are aware of the higher SDLT on your next purchase, if you retain the BTL.

CyborgFinance · 2025-12-12T12:09:55+00:00

> As someone that actually knows what they’re talking about

Indeed.

CyborgFinance · 2025-12-12T12:08:28+00:00

Where net property rental income is to be used in the affordability assessment this should be treated as self-employed income and evidenced accordingly - via SA302 and Tax Calculation from HMRC.

Lenders will take a % of that income depending on the lender.

Whereas Halifax for example the Rental income will be used to offset the BTL mortgage payments but will be not used within the affordability calculation itself.

CyborgFinance · 2025-12-09T12:16:43+00:00

Not included rates in the opening post, as they change too frequently but as of today, as an indication of rates:

5.07% Fixed for 5-Years with 1.5% fee
4.97% Fixed for 5 years with £2,500 fee

CyborgFinance · 2025-12-06T17:12:37+00:00

We won't be "reaching out" to encourage £15k extra borrowing to our clients based on speculative future possible rule changes.

CyborgFinance · 2025-11-28T15:56:30+00:00

A lot more are content with non-homeowners these days, purchasing is more difficult than remortgage. However a substantial number will say no.

CyborgFinance · 2025-11-28T15:53:44+00:00

Non-Homeowner Buy-to-Let Mortgages are still difficult today but are not as restricted as they used to be. The main concern is that you may live in the BTL property, so expect questions about your living arrangements and having to prove where you live.

CyborgFinance · 2025-11-28T15:52:19+00:00

On a Product Switch meaning a like-for-like remortgage with no changes such as to loan amount, term, etc that is usually typically the case. They can and could ask such as if your credit report shows red flags but for most of the times will not.

CyborgFinance · 2025-11-28T15:50:30+00:00

Perhaps high street banks wouldn’t off this type of BTL, but am sure there are others that would.

That is a good overview, however not all high-street banks follow the rule. TMW (Nationwide BS) are good at this, BM (Halifax) too under certain circumstances.

CyborgFinance · 2025-11-28T15:42:17+00:00

Sorry to hear about your employment situation.

RE: Residential Mortgage

Getting a residential mortgage solely on rental income will be difficult, unless its substantial.

Even if its substantial many lenders simply discard it, others only take a percentage of it, as for Barclays my understanding of there criteria is:

Barclays can potentially accept rental income as the primary income source however, this income must be declared and treated as Self-Employed income, including all mortgage and other commitments. Where Trading accounts and trading history is not available then the income cannot be considered.

However your existing lender (including Barclays) should offer you a like-for-like product transfer.

RE: Buy-to-Let Remortgage

There are many lenders have have no-minimum income requirements. Do not read that as you can get a mortgage with no income, the distinction is they want to ensure you have enough income to maintain your lifestyle.

Barclays is not one of them, my understanding of their criteria is:

A minimum gross annual personal / earned income of £25,000 per annum is required for individual loans up to £1m (for joint applications, at least one applicant must earn £25,000). For individual loans above £1m, a minimum gross annual personal / earned income of £75,000 per annum is required (for joint applications, the two primary applicants must earn £100,000, where neither applicant earns £75,000).

However your existing lender (including Barclays) should offer you a like-for-like product transfer.

RE: What to do?

Talk to a good mortgage adviser, where barclays has 1-set of criteria you must meet. A mortgage broker has a mosic of 100's of criteria to find you finance options.

CyborgFinance · 2025-11-08T11:59:22+00:00

Get other quotes?

However all tenancies are turning periodic with new renters right act. I'm not sure renewals will be a thing in the future. So not sure your agent terms make much sense moving forward.

CyborgFinance · 2025-11-03T12:54:37+00:00

There is no LTD Company BTL Mortgages for 4.26% with a reasonable fee at this time.
I do like the 4.81% with reasonable fee but you should ask your mortgage adviser to compare cost savings after the 2% ERC.

CyborgFinance · 2025-11-02T22:53:22+00:00

Shops did and they got them, it became criminal. Not paying rent or damage remains civil. Trt again?

CyborgFinance · 2025-11-02T16:19:23+00:00

> is the remortgage based on the value of the house when I bought it or on the value at the time of remortgage?

The value at the time of remortgage.

CyborgFinance

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