Episode 20: Property financing during lockdown

Stuart and Simon are joined by mortgage expert Lee to discuss more of the impacts of COVID-19 on the property world, this time with a focus around financing and mortgages. We chat about all sorts of changes and impacts including: Mortgage holidays and how lenders are adapting to cope with the demand. Desktop valuations and their increased role. Looking for new approaches, maybe with drones! Enquiries are down, but those that remain are more serious. All the talk about mortgages is spurring some landlords to use the idle time for remortgaging. The recent base rate reductions. Lee's business has been built with home working in mind from the start and he provides some tips on helping to keep your company communications working well with a remote team. Could this crisis lead to unexpected improvements for business and maybe even the world? Lee is a director of OnPoint Mortgages. Note: this episode was recorded on the 31st March. Thanks to Simon's son for the audio version of the pre-episode reminder of this!Special Guest: Lee Langley.

Om Podcasten

The Business of Property follows the journey of two entrepreneurs working in the property world. Stuart is a property investor with a focus on HMOs, mostly for the student market. He prefers a hands-off approach with most of his investment properties being remote. Simon has a small portfolio of vanilla buy-to-let properties that he mostly self-manages. To make his property management easier he created Property and Tenant Manager (https://www.patma.co.uk/). Simon and Stuart, along with guests, discuss the ups and downs they're experiencing in their property businesses. Along the way they share property news, business tips and anything else that happens to crop up their weekly chats. Popular episodes include: Getting started in property (https://www.thebusinessofproperty.com/59) - the first in a mini series discussing topics to consider when starting in property investment. Property investment terms (https://www.thebusinessofproperty.com/12) - great if you're just getting started in property and need some help understanding the common jargon. Property strategy terms (https://www.thebusinessofproperty.com/13) - another jargon busting episode that's great if you're early in your property journey or considering changing your property strategy. Less property but relevant to everyone is a discussion on time management (https://www.thebusinessofproperty.com/10). Last but not least are a couple of episodes that talk about angel investing (https://www.thebusinessofproperty.com/14) and property finance (https://www.thebusinessofproperty.com/15) more widely.