HMO Finance Mastery at Newcastle pin – property investors network May 2017


Shawbrook announce Spring discounts


Shawbook Bank have announced a special discount of 0.25% to their arrangement fees during the Spring season. The discount applies from 1st to 31st March and for existing borrowers of the bank, this is in addition to their loyalty discount – making their range of specialist BTL mortgages an excellent offer.

The bank take a practical approach to underwriting, with an impressive range of products specifically designed with professional property investors in mind. To find out more about what Shawbrook have to offer, contact the Harvey Bowes today on 029 2175 4150

Its great to be able to share happy clients’ feedback………..

Zoe, Bristol:

“To whom it may concern,  I just wanted to write and tell you about my experience with Harvey Bowes, you were recommended to us and as first time buyers I wanted to go with a company that knew what they were doing.  Jordan our broker was superb he talked us through the process explaining everything clearly and I was able to give him all the information he needed so that we were able to proceed. Jordan kept us informed and within a few days we had an offer , he was incredibly helpful and attentive and followed things up quickly which was super, when your anxious as it’s an unknown venture !! Once we had our offer Jordan let us know what would happen next and when we had the valuation report with recommendations told us what to do. The whole process has been smooth and we have exchanged already !!! Please thank Jordan for his services he is a credit to your company, we will recommend you to all we know your company has been professional and knowledgeable in the whole process.”

Shubs, Birmingham

“Fantastic service with Harvey Bowes. They are always on my cases. I think if you are a portfolio landlord you need a fantastic broker to work with. Jon/ Howard are great guys to work with. I highly recommend them to people looking for a good broker. I promise you will not be disappointed

Good Luck and thanks to Harvey Bowes. Keep up your good work.”

Vikas, Kensington

“All i can say is that i am very happy with the frank and honest advice and guidance i have recieved form howard bowes.

I am looking to build my property portfolio and they have been instrumental in helping me achieve this.”

Abedins, West Midlands

“We have a newly formed Ltd company for property investing and also we are purchasing and developing our first HMO. This was also complicated by the fact we were selling our own home to the company and also neeed a mortgage as older borrowers for the purchase of our new home.

We are experienced buy to let investors but we’re struggling with other brokers to come up with a solution. 

 We had heard Howard speak at our local PIN meeting  and it was obvious that he brought his own investment experience to bear when helping clients. Harvey Bowes came up with a solution which allows us development finance and the option to proceed onto a long term product once fully tenanted.  Jon is a one man wonder and his care and attention to detail in progressing the applications and subsequent offers has been amazing. We are on track to complete our concurrent sale and purchase in January 2017.”



Award winning property investor gives a couple of top tips for HMO investing

Dan Newbould discusses with Howard Bowes a few key pointers on how he sources potential HMO properties, attracts the right tenants and structures his deals with commercial valuations in order to add value and refinance.

Dan Newbould invests mainly in Scarborough, however, the skill set he applies that brought him a ‘best deal’ award at the London Property Awards in 2015, can be applied nationwide.

Sourcing the right properties, suitable for conversion to HMO, then adding value and refinancing commercially is Dan’s main strategy. He most sourcing through Estate Agents, being clear about what he is looking for and keeping in regular contact with them.

In this short clip, also discusses his tenant find strategy and the research he does on his competitors. And then the matter of commercial valuations is brought up. All of his HMO’s have been refinanced with Shawbrook, being mainly 6-bed HMO’s, there is a certain approach that facilitates a commercial valuation.

To contact the team at Harvey Bowes, call 029 2175 4150 or email:

Contact Dan Newbould:


Why do the vast majority of borrowers choose to use a Mortgage Broker?

Three fifths of mortgage business (82%) now goes through intermediaries (brokers) whilst the buy-to-let sector has grown by 49% year-on-year, according to the 2016 Mortgage Efficiency Survey conducted by IRESS.

The research indicates that intermediaries continue to dominate the mortgage market with more than three quarters of sales going through this channel.

Why are so many homeowners and property investors using Mortgage Brokers to obtain property finance?

“Simply put, since the credit crunch, the criteria of lenders has become incredibly diverse. What works with one lender may not work with another and in correlation with that, an applicants circumstances may be acceptable to one lender but not to another. As a result it is not a case of comparing the market and identifying the right deal by interest rate or by product fees, there are many different considerations and it takes a professional to assess properly” states Howard Bowes, Managing Director of Harvey Bowes Limited.

Using a professional to advise on, or carry out, specialist tasks is certainly not new. Technically a person could do their own conveyancing (although this would not be acceptable where mortgage finance was involved) however, the vast majority of property transactions are transacted via a solicitor. And when it comes to business, the figures are looked after by an accountant. So when it comes to a serious purchase like a property, whether it is a persons own home or an investment, should it really be a surprise that a broker would add value?

Very often, it is not just the advice that makes the difference. Not only can a broker find the right deal and explain why they make a specific recommendation. But also, a good broker will often liaise with the solicitors and estate agents, acting as the go-between in keeping the deal alive and communication flowing.

With property investors, the property is being purchased at a keen price or may hold opportunity to add value and may therefore be attractive to other investors. Or perhaps it is a motivated seller who wants certainty and speed. This is another key area where brokers can help. With their finger on the pulse, knowing which lenders are performing fast and showing real hunger to lend, a broker can identify and inform a property investor of which lenders are most likely to deliver in the required timeframes. This can be critical in making a deal work.

Combined with managing the process, this can save time on getting mortgage applications through to offer and completion. A broker should be able to process documents accurately and swiftly and use their knowledge to make sure the process is as swift as the lender can manage. This often becomes more difficult with smaller broker firms where there is no real administration support, however, professional brokers are set up to deliver with speed and deftness.

To find out how Harvey Bowes can hep you, contact us today on 029 2175 4150.


Shawbrook’s New to the Pride

Shawbrook Commercial heads to South Wales to introduce the latest Strategic Broker Partner to join their Pride – Harvey Bowes.

Howard Bowes, Managing Director of Harvey Bowes had the following to say on joining Shawbrook’s Strategic Panel:

“Harvey Bowes offer our clients finance options from a wide range of lenders and we don’t favour any particular financial institutions, instead striving to provide the best deal possible for our clients.

“Although our client base covers a broad range, our niche specialist area is working with property investors. Whether investors are looking for residential investments, HMO’s, short term refurbishment & sale or developments, our experienced team of professionals will be on hand to assist in finding the right finance package. Everyone involved at Harvey Bowes always strives to offer great advice, and we find this level of service reflected from the bottom-up by Shawbrook’s dedicated lending teams. Across both Residential and Commercial business areas, they have a range of carefully selected underwriters who are competent, personable and able to work in tandem with our staff to deliver a premium level of service to the borrower.

“The mortgage market has changed significantly of late, and will continue to evolve. Shawbrook has always been at the forefront of staying relevant and competitive ever since we started working with them. There are regular product enhancements which are clearly communicated to everyone on their broker panel, ourselves included. We always feel in the loop and there’s a real sense of a two-way relationship with the Shawbrook teams, built on a mutual respect.

“They go to a great deal of effort to listen to what brokers like us are saying and then act accordingly. A recent example would be them launching the E-AIP online application system for Residential and Commercial cases. This saves us time and has resulted in us receiving numerous instant IMOs (Indicative Mortgage Offers) which we can go back to our clients with – truly outstanding service.

“There’s a lot more to be said about the service Shawbrook provides but, in a nutshell, they are a lender that listens closely and leads by example in the commercial mortgages market. It’s a pleasure to work with them and I look forward to many more of Harvey Bowes’ clients benefitting from their pragmatic approach to lending.”

Gavin Seaholme, Regional Development Manager of the South Central region for Shawbrook Commercial added:

“I’ve been acting as Shawbrook’s field sales representative for Harvey Bowes for a couple of years now. During that time, we have nurtured a close working relationship which has resulted in many of their clients becoming Shawbrook Bank customers.

“They have proven during that time to be one of the most tenacious and knowledgeable Broker Partners we have on our panel. They richly deserve their new status as a Strategic Partner of the Bank, and I look forward to providing further positive outcomes for their clients in the future.”

To contact Harvey Bowes about your mortgage requirements, call 029 2175 4150 today.


Harvey Bowes Ltd 11.08.16-7334.jpg

Harvey Bowes – shortlisted in the Specialist Finance Introducer Awards

Harvey Bowes has been shortlisted as one of three nominees for the 2016 Specialist Finance Introducer Awards, presented by Mortgage Introducer, for the category of Best Commercial Broker.


The award nomination comes just weeks after Shawbrook Bank appointed Harvey Bowes Strategic Partner status, citing the quality of mortgage applications and ability to swiftly move from application to a position of completion as key reasons for the appointment.

“Our continued success is due to our commitment to both our clients and the banks with whom we work. Forging strong alliances with the key banks who provide finance for property investors in addition to delivering excellent advice and service to the property investor community is precisely why we have earned a reputation as the ‘go to’ niche broker in this market” – Howard Bowes, Managing Director, Harvey Bowes Limited.

IMG_2117 Howard Bowes, Managing Director and Jonathan Holland, Senior Case Manager, Harvey Bowes Limited.

Contact Harvey Bowes today on 029 2175 4150.


Property – Momentum Investing to recycle cash invested

Momentum Investing

Property investing is an expensive game. Regardless of how big one’s pot of gold might be, eventually, it will run out. The average price of a property in the UK according to Nationwide in July 2016 was £206,145 – if you take a more traditional 75% loan to value buy to let mortgage, that means one would need £51600 plus purchase expenses on average to buy. And then there is the prospect of buying something that needs work – perhaps the price is below the average, but a deposit and funds to carry works are needed.

It is easy to see therefore, why so many investors are turning to innovative ways to purchase and refinance their investment property. And with more lenders entering the residential investment market place, it is easier to refinance a BTL property within six months. Even though many vanilla lenders such as TMW and BM Solutions strictly apply a six month rule; meaning that they will not accept remortgage or further advance applications until six months ownership of the investment property has passed, a host of lenders understand that there are good reasons for a property investor to want to remortgage within that time frame and they allow it.

Important to note however, that this does not apply where a property has been bought below market value (BMV), in fact lenders are cautious of this type of transaction. The formula we speak of for momentum investing is designed around adding value to a property and then refinancing instead of looking at a pure BMV model.

In the video above, Howard Bowes, Managing Director of Harvey Bowes Limited, award winning mortgage brokers specialising in working with property investors, gives some top tips from the momentum investing formula.

For further information, call Howard or one of the team at Harvey Bowes on 029 2175 4150


Brexit: Opportunity or Disaster?

brexit graphic

BREXIT: OPPORTUNITY OR DISASTER? – by James Siddall, Harvey Bowes Limited.

Given the media maelstrom surrounding Brexit, we at Harvey Bowes believe it to be an opportunity that should not be missed. We do not share the view of the media that the economy will grind to a halt following Brexit. Given the figures from a variety of sources detailed, our view is that Brexit will strengthen the UK economy.

The economic numbers here present an economy in good health a mere 7 years after the greatest financial crisis since the Great Depression. The UK grew 2% in 2015 and is set to grow by 3% in 2016 so an increase of 15 on Year on Year basis. This is against a strong background of consumer spending. Retail sales grew 4.3% on a YoY basis in 2016 with wages growing 2.3%. This combined with low interest rates (0.5%) and high Quantitative Easing policy employed by the Bank of England represents a strong economy. The strong economy can be further highlighted by a 4.9% unemployment rate. The key figure here is mortgage acceptances having increased by 4,000 p.a. from 67,000 in 2015 to 71,000 in 2016. It highlights that banks are still willing to lend on property and businesses giving a major boost to investors who have become concerned that banks will restrict lending as a result of Brexit. Given Harvey Bowes’ position as one of the top mortgage brokers with major banks, we have been informed that the banks are still willing to lend and have adopted the approach of ‘business as usual’. In light of these figures, it suggests that, despite the capital market volatility and slowdown in short term growth, the UK economy is in a stable position.

Against this background, we believe that property will continue to be the asymmetric return asset class to counterbalance the capital market volatility. Despite the Equity market surge where the FTSE100 has risen from 5,800 (Brexit vote) to 6,700 (22/07/2016) and Fixed Income markets suffering extreme volatility with yields being pushed down (10Y UK gilt yields 0.83%) to the detriment of prices, we believe that property will be the asset class that will provide stable capital gain in these times. Data from LendInvest suggests that the average rental yield for BTL property in the UK is 5% with Capital gains ranging from -3.7% to 13.8% in the North to London with the ROI complimenting these capital gains ranging from 1.2% to 18.9%. These figures suggest a healthy growing property market against a backdrop of strong economic figures. Furthermore, research undertaken by Cushman and Wakefield suggests that within the Commercial property market the UK market is forecast to grow significantly. Within the office rental area, the UK is set to grow by 3% in 2016. In addition, London was in the top quarter with 4.7% rental growth for offices in 2016. The capital value for the high street growth figure also backs up our view that Brexit is an opportunity for property investors. The high street capital value for London grew by 15% in Q1 2016. These forecasts highlight our view that Brexit will be an economic success for Britain.

Given our network with the major banks, we have followed their lead and maintained a business as usual approach. Indeed, we have seen an increase in mortgage applications from our current clients who are major property investors throughout the UK. Moreover, we have seen a 5% rise in applications from new clients further highlighting the position that we took after Brexit that both retail and professional investors will seek yield in property.


BoE holds the interest rate at 0.5%

Despite speculation that the Bank of England may reduce the interest rate, the Monetary Policy Committee (MPC) voted 8-1 for the rate to remain at 0.5%.

Bank of EnglandFinancial markets had priced in an 80% chance of a rate reduction. The Sterling rose against the Dollar after this news.

The rate has remained at 0.5% since March 2009 and this is the longest period it has remained unchanged.


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