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  • Mortgages & Finance

    Best Mortgage Broker

    I'm a novice landlord and over the years have built up a portfolio of 4 properties. I currently use a mortgage broker at Sequence to get a mortgage, is Sequence a good company to use? I have a lifetime membership
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    Hello Andy

    Sequence is fundamentally a chain of estate agents who - as a side service - offer their buyers access to some mortgages.  Their website clearly states "With our professional advice and access to a panel of selected lenders - we're sure we can help you, whether you are a first-time buyer, a seasoned property mogul, wanting to move up the property ladder or even just remortgaging."  (source - https://www.sequencehome.co.uk/services/...e-services)  The first question to ask yourself is ... do you want professional advice from an expert BTL mortgage broker who can provide you with access to the 120+ banks and thousands of mortgage deals out there, or an estate agent salesman who only has a panel of banks to choose from?

    Now that you have 4 BTL properties, you will be officially deemed (further to the PRA regulations now implemented) to be a 'Portfolio Landlord' by most lenders, and with that there are certain new additional criteria that you will have to satisfy.  We know many mortgage brokers who have decided to no longer work in the BTL arena due to the onerous new paperwork regime, rental income calculations, portfolio assessments and aggregate borrowing reviews, as well as the increasing need to support Ltd Company borrowing requirements as well.

    The good news is that there are still many professional specialist BTL Brokers who have upskilled and remain in the BTL world, and apart from the recommended https://www.PropertyTribesFinancialServices.com Team, there are others who you will find on Property Tribes who can also help.

    Final note, a 'lifetime membership' of Sequence could cost you a fortune if they don't recommend the most flexible and best value arrangement to suit your requirements.


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