Alan Cleary


Opinion: Are BTL lenders doing enough to help brokers?

The PRA’s changes to tighten up lending criteria and ensure consistency have sent tremors across the lending landscape. Borrowers with four or more mortgaged buy-to-let properties are now classified as ‘portfolio landlords’ and subject to more stringent underwriting standards. In its Supervisory Statement released at the time it announced the changes, the PRA said: ‘The […]


Thinking Cleary: Set the self-employed straight

The industry needs to keep challenging the prevailing myth that self-employed people are locked out of borrowing Chancellor Philip Hammond’s spring Budget raised the hackles of hard-working people across the country. Not only did he announce a tax hike for the self-employed in the form of increased National Insurance contributions but he also hit small […]


Thinking Cleary: Self-employed market still underserved

Employment and housing demographics have altered greatly – so lenders and politicians should both act accordingly The ONS has recently published employment statistics under the title UK Labour Market: July 2016. The thing that jumps off the page is the rising number of self-employed people and the growth rate in self-employed roles. There were 31.7 […]


Thinking Cleary: A cool-headed take on new B2L rules

Having just implemented the MCD, which we spent a year getting ready for, I was looking forward to a period of relative regulatory peace and quiet. Wrong again! Along comes CP11/16, aka underwriting standards for buy-to-let mortgage contracts. This time, instead of coming from the FCA it comes from the Bank of England’s Prudential Regulation […]


Thinking Cleary: What should influence our referendum vote?

The arguments from politicians on both sides of the Brexit debate are indecipherable – so I say better the devil you know I cannot wait for 23 June. I am hoping that once the EU referendum vote is cast the uncertainty will start to subside and the media will have a different topic to write […]


Alan Cleary: Happy staff mean happy customers

Alan Cleary, managing director at Precise Mortgages, casts a critical eye over the industry The Sunday Times recently released its 16th annual 100 Best Companies to Work For list, which includes six firms from the mortgage market. The data gathering and analysis behind the list are extensive and the outcome is largely dictated by the […]

Alan Cleary

Alan Cleary: Headwinds, not death, for buy-to-let

Alan Cleary, managing director at Precise Mortgages, casts a critical eye over the industry Many column inches have been dedicated to buy-to-let of late, with some headlines predicting the end of the market. I regard those headlines as provocative, lacking any strategic thinking and certainly not supported by basic facts. We are all aware of […]

Alan Cleary: MCD is nothing to be scared of

Last year was a great one for the mortgage market in many respects, and incredibly busy for those in the intermediary sector. This year looks set to be another exciting but challenging one, with regulatory and tax changes all set to make an impact in the first few months. We have known for some time […]

Thinking Cleary: New-build is a much safer market now

The Buy to Let Business’s roadshow hosted excellent discussions on new-build and Government initiatives I was fortunate enough to be invited onto the panel at the recent round of The Buy to Let Business’s roadshows. The week started off at Aston Villa Football Club’s stadium and there was a great turnout of quality brokers. One […]