CML Council of Mortgage Lenders - Buy To Let 2016 Programme book

Buy to let and the private rented sector

15 March 2016 The Roof Gardens, London

Conference programme Sponsored by

A specialist buy-to-let lender with a strong focus on experienced professional landlords An innovator in the buy-to-let market since 1995, over 20 years of lending experience

Combining product innovation and credit expertise

Proven track record in high quality specialist lending

о Professional landlords with larger portfolios

о Longer leases

о HMO’s

о Corporate and public sector leases

о Multi unit blocks

о Online applications

о Limited Company lending

о Individual decision making

The Paragon Group of Companies www.paragon-group.co.uk

idem C A P I T A L

With 25 years’ experience we purchase and service a variety of loan assets

A British bank offering savings, car finance, second mortgages, development finance and SME asset finance

Programme Morning sessions: The private rented sector 0900 – 0930 0930 – 0940 0940 – 1010 1010 – 1050

1050 – 1120 1120 – 1150 1150 – 1210 1210 – 1230

1230 – 1330

Registration and refreshments Welcome and introduction

John Heron, Managing Director, Paragon Mortgages

Keynote

Chris Phillips, Chairman, Places for People

Landlords: Current influences and future outlook

(1010 – 1030) Regulation, letting agents and ‘right-to-rent’ checks John Stewart, Policy and Communications Manager, Residential Landlords Association (1030 –1050) What factors affect landlord demand?

Lucian Cook, Head of UK Residential Research, Savills (UK) Ltd

Build to rent

Ian Fletcher, Director of Policy - Real Estate, British Property Federation

Refreshments Drivers of consumer behaviour

Jennet Siebrits, Head of Residential Research, CBRE Ltd What drives consumers to make the decision to rent or buy?

Group discussion: Lenders, landlords and tenants

On your tables, discuss the issues relating to the tenant-landlord-lender relationship and good practice in buy-to-let lending. Fill in the worksheets you will find on your tables and the CML will release responses to your points to all delegates following the conference.

Lunch and afternoon registration

Afternoon sessions: Buy-to-let issues 1330 – 1350

1350 – 1450

1450 – 1520 1520 – 1550 1550 – 1630

CML update

Paul Smee, Director General, Council of Mortgage Lenders How is the CML’s work in buy to let progressing?

What is our data telling us about the market?

Update on the CML Statement of Practice

Effects of tax changes

(1350 – 1405) What to expect and when?

Andy Fahey, Director, PwC (1405 – 1420) Understanding market impacts Peter Williams, Departmental Fellow, University of Cambridge (1420 – 1435) Intermediary perspective Brian Murphy, Head of Lending, Mortgage Advice Bureau (1435 – 1450) Lender perspective John Heron, Managing Director, Paragon Mortgages

Refreshments Macroprudential update

Jon Saunders, Senior Policy Adviser, Council of Mortgage Lenders

Panel session: What is next for the buy to let sector?

Panellists: Charles Haresnape, Group Managing Director – Mortgages, Aldermore Bank Plc Bill McCabe, Managing Director Mortgages Transformation, Barclays Peter Williams, Departmental Fellow, University of Cambridge Bob Young, Chief Executive, Fleet Mortgages

1630 – 1635

Chair's closing remarks

1635

Conference close Buy to let and the private rented sector

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Speaker biographies Conference Chair: John Heron Managing Director, Paragon Mortgages John Heron is Managing Director of Paragon Mortgages, part of the Paragon Group of Companies. He joined the Group in 1986 and was appointed to the board in 2003. He was instrumental in pioneering buy to let by working with ARLA in the 1990s to develop the concept and launched the first buy-to-let mortgages in 1995.

The Group’s buy-to-let operations include Paragon Mortgages, which specialises in providing mortgages to professional landlords, and Mortgage Trust which caters for private investors with less complex propositions.

John is also Chair of the CML’s buy-to-let panel and a board member of the Intermediary Mortgage Lenders Association, having previously held the position of Chair at IMLA and deputy chair of the CML. He is also Fellow of the Chartered Institute of Bankers.

Lucian Cook Head of UK Residential Research, Savills (UK) Ltd Lucian Cook is one of the UK’s leading and most quoted commentators on the UK housing market. He edits The Residential Property Focus and has written extensively on the prime housing markets, proposals for the reform of the taxation of high value property, the demand for private rented housing and opportunities for institutional investment in the residential sector.

Lucian joined the research department in 2007 and is jointly responsible for formulating and presenting Savills views on the residential property and development land markets to a range of clients and journalists.

Ian Fletcher Director of Policy – Real Estate, British Property Federation Ian Fletcher is Director of Policy - Real Estate, at the British Property Federation (BPF) – the trade association for the property investment sector. Ian speaks for the sector and his team covers a wide range of housing, commercial property, planning and sustainability issues. He was a member of the Government’s Montague Review Group, which examined how to encourage greater institutional investment in rented housing.

Away from the BPF, Ian chairs the committee of management which regulates the quality of private student accommodation in the UK. He is also a board member of a for-profit registered provider and on the London Mayor’s Housing Forum.

Ian was formerly Head of Policy and Chief Economist at the British Chambers of Commerce. He has also worked in banking and teaching, and holds professional qualifications in finance and market research. Ian is also a honourary Fellow of the Institute of Residential Property Management.

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Charles Haresnape Group Managing Director – Mortgages, Aldermore Bank Plc Charles Haresnape joined Aldermore in January 2011 from Connells, one of the UK’s largest estate agency groups, where he was Group Mortgage Services Director. Prior to this he was responsible for intermediary mortgage lending at both NatWest and RBS and in addition was responsible for the branch mortgage sales force within NatWest.

He has over 30 years lending experience, primarily within the Residential Mortgage industry as a lender, a broker and within estate agency financial services. He has also held roles for a number of other household names in the banking and building society sectors, including Nationwide and HBOS. Charles is currently on the executive committee of the Intermediary Mortgage Lenders Association (IMLA) having previously held the position of Chairman for two years. In addition to this Charles is an Executive Committee member of the Council of Mortgage Lenders (CML), having previously been Deputy Chairman. He is also an Associate of the Chartered Institute of Bankers and a holder of CeMAP.

Bill McCabe Managing Director Mortgages Transformation, Barclays Currently MD Mortgages Transformation at Barclays, Bill McCabe has forty years’ experience in financial services including the Australian, UK and South African mortgage markets. His experience covers commercial/small business and mortgage markets and includes industry awards for product development in mortgages, small business lending and margin lending.

Andy Fahey Director, PwC Andy Fahey is a director in PwC’s Global Mobility practice, focusing on the tax issues that impact on multi-national organisations as they move their employees around the world. One of the key areas in this regard is the changes to the UK tax landscape on housing and Andy has been providing specialist advice in this area in conjunction with PwC’s real estate practice.

Andy leads large compliance teams in the UK, and has a proven track record of delivering a seamless compliance process for his clients that generates efficiencies and helps keep program costs under control. He has worked in both the Big 4 and mid-tier firms, engaging with clients from a wide number of industry sectors, working collaboratively in pursuit of their objectives by bringing best practise and market trends through a personal hands on approach, always with a high regard for technical excellence. Andy’s specialties include tax compliance, expatriate tax advisory and tax planning, and value add compliance based innovation.

Buy to let and the private rented sector

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Brian Murphy Head of Lending, Mortgage Advice Bureau Brian Murphy’s career spans over 28 years within retail financial services predominantly within the estate agency environment. Previous employers include Prudential Property Services, Black Horse Agencies and Bradford & Bingley where he undertook a variety of management roles in sales, products, marketing and operations.

At Mortgage Advice Bureau, the largest mortgage broking operation of its kind, his responsibilities include managing external relationships with mortgage product providers, business development, surveys, PR and commentary to the media.

Chris Phillips Chairman, Places for People Chris Phillips is the non-executive chairman of Places for People Group, London & Newcastle, Horizon Infrastructure Partners and is a member of the Octopus Health Care Advisory Board. During his career he has held senior positions in companies involved in finance and the property sector as well as chairing both listed and private companies.

Jon Saunders, Senior Policy Adviser, Council of Mortgage Lenders Jon Saunders joined the Council of Mortgage Lenders in 2012 having previously worked as an investment banker in debt capital markets for a variety of investment banks. At the CML he is responsible for policy issues on funding and capital. He graduated in 1992 with a first class honours degree from Loughborough University in Banking and Finance and in 2011 graduated from Birkbeck, London University with a MSc in Sports Management.

Jennet Siebrits Head of Residential Research, CBRE Ltd Jennet Siebrits has been Head of Residential Research since June 2005. She is an experienced housing market economist having held positions at the Council of Mortgage Lenders and Nationwide Building Society.

Jennet oversees all analysis, research and publications. In addition, she has extensive experience of consultancy for clients in a wide range of areas including demand and supply studies, cost benefit analysis and economic impact studies.

Headline sponsor

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The CML would like to thank Paragon for their support of this event.

Paragon is a leading specialist lender of buyto-let mortgages to landlords and residential property investors in the UK, a loan servicing provider for third party clients and an active acquirer of loan assets and portfolios and has most recently established a banking subsidiary, Paragon Bank. Paragon has ÂŁ11.2 billion of loan assets under management. Since being established in 1985, it is the only specialist lender to maintain an independent position within the UK mortgage market.

Paul Smee Director General, Council of Mortgage Lenders Paul Smee became Director General of the Council of Mortgage Lenders on 1 August 2011. Previously, he set up, and was the first Chief Executive of the UK Payments Council, which sets strategy for collaborative payments in the UK. He was very involved with the introduction of the Faster Payments Service in 2008, the first new payment system in the UK for 25 years; and in the production of the UK’s National Payments Plan.

Before payments, Paul was the first Director General of the Association of IFAs, the representative body for the community of independent advisors which was formed in 1999. He also was instrumental in the formation of the Association of Mortgage Intermediaries.

During his earlier career, Paul worked for the London Stock Exchange, the Association of British Insurers and the Independent Television Commission. He started his working life at the Department of Trade and Industry.

John Stewart Policy and Communications Manager, Residential Landlords Association John Stewart joined the Residential Landlords Association as Policy and Communications Manager in 2014, from Manchester Pride, the charity that organises the city’s annual LGBT festival. He has over 20 years experience of working in politics, as a successful election agent, office manager for an MP, and as a local councillor.

John was Leader of Aberdeen City Council form 2009-2011, undertaking a major reorganisation of the authority in response to cuts, having identified the need for £127 million of savings as part of a 5 year business plan. He has also chaired the council’s Audit, Planning and Finance Committees.

Peter Williams Departmental Fellow, University of Cambridge Peter Williams is Executive Director of the Intermediary Mortgage Lenders Association and a Departmental Fellow, Department of Land Economy, University of Cambridge. He was previously Director of the Cambridge Centre for Housing and Planning Research, Deputy Director General of the Council of Mortgage Lenders and Professor of Housing at the University of Wales, Cardiff. He is currently on the board of The National Housing Federation and Chair of URL, a planned ‘for profit’ housing association.

Bob Young Chief Executive, Fleet Mortgages Bob Young is Co-Founder and Chief Executive Officer of Fleet Mortgages, a new specialist mortgage lender operating in the buy-to-let market. He was Managing Director of CHL mortgages for more than 10 years having operated as Sales and Marketing Director since 1997. He has been in Financial Services in a variety of roles spanning 40 years, and has experience as both an intermediary and as a lender.

In the past, Bob has worked as a Senior Manager with Black Horse, Abbey National and as a Business Consultant with a variety of blue chip financial services providers on a range of topics from strategy, sales and marketing to operations. He is also a highly qualified trainer and has in previous careers run both ‘in-house’ and public sales and management training programmes.

Buy to let and the private rented sector

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Your Notes

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Buy to let and the private rented sector

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Buy to let and the private rented sector

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2 Yr Fixed 1% Fee

BTL

LT V

3.98%

Lifetime Tracker 1.5% Fee

Ltd Co.

Up to 75 %

LT V to 65 %

2.89%

Up

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LT V

We’ve reduced our rates.

4.19% 2 Yr Fixed 2% Fee

HMO

01252 916800 www.fleetmortgages.co.uk sales@fleetmortgages.co.uk FOR INTERMEDIARY USE ONLY Fleet Mortgages is a trading name for Fleet Mortgages Ltd. Registered Office: Flagship House, Reading Road North, Fleet, Hampshire, GU51 4WP Registered in England No: 08663979

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