Gary Das is the founder and CEO of Active Financial. He is a mortgage expert that has raised more than a £billion in finance for his clients, many of whom are self-employed. Gary is also a social media expert, podcaster, and entrepreneur. In this episode he talks about Serviced Accommodation financing. He explains the differences between a buy to let mortgage and one for SA and how to work out how much you can borrow. Gary also provides an insight into what criteria lenders are using right now.   KEY TAKEAWAYS Not all lenders understand the serviced accommodation model. They can have quite different criteria. With SA you must be careful what you say when you apply. Ideally you want to have a minimum income of 25k per year. Gary explains in the podcast how to calculate how much you can borrow. You need to be aware that there are regulated and un-regulated loans. Take care to understand the fees and early repayment penalties.   BEST MOMENTS ‘It's really important to understand what the property is for, and which lender is actually doing which of the two options.’ ‘Your circumstances are a puzzle. It's about piecing that puzzle together to get you the right lender to get you the most appropriate deal for your circumstances.’ ‘Finance first, the key is in the preparation.’   EPISODE RESOURCES The Self-Employed Mortgage Guide - https://www.theselfemployedmortgageguide.co.uk    VALUABLE RESOURCES Discovery Day Sign Up Page - https://progressiveproperty.online/serviced-accommodation-discovery-register/AMB3258 The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2 https://propertysoldier.co.uk/ Serviced Accommodation Success by Kevin Poneskis Rich Dad, Poor Dad by Robert T Kiyosaki   ABOUT THE HOST Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.   Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.   CONTACT METHOD https://en-gb.facebook.com/propertysoldier/ [email protected]       See omnystudio.com/listener for privacy information.