This month, we are bringing you the most popular question that our Landlords have been seeking our advice on…and we’ve invited an independent financial expert to give you the answer!
Q: Is it a good time to review my buy-to-let mortgage?
Our independent financial expert, Dean Gibbins from Lighthouse IFS Ltd advises….
A: If you are a buy to let landlord who hasn’t reviewed the mortgage market in the last few years the time has come now. The regulatory changes that have happened so far this year have continued to push rates to unprecedented low levels. With further changes to impact the market in October, especially for landlords who own 4 or more buy to lets, a review now could save time and great deal of additional paperwork as the new rules take effect.
With headline rates starting at 1.34% fixed for 2 years (4.7% APRC) for standard buy to lets and HMO (Houses in Multiple Occupation) headline rates starting at 1.64% fixed for 2 years (5.2% APRC) the opportunity is too good to miss to raise capital to either extend your portfolio of properties or just to improve on the rate that you have.
Fire any more questions you may have to Dean at Lighthouse IFS and we can include them in our next
‘Ask An Expert’ blog.
- Email Your Question firstname.lastname@example.org
- Find out more about our Landlord Services https://www.leonardleese.com/
About Lighthouse IFS
Lighthouse IFS have advisers that have been operating in the mortgage market place for 30 years and with our specialist knowledge of buy to let, HMO’s, Limited Company Buy to let we have helped many Landlords with our expertise bringing successful outcomes for the landlords we help.
Need some Landlord advice or would like to know more about our Landlord Services? Contact us on our Leonard Leese number 0203 086 7200 opt 3 or email email@example.com
Your property maybe repossessed if you do not keep up repayments on your mortgage. There is no guarantee that it will be possible to arrange continuous letting of the property, nor that the rental income will be sufficient to meet the cost of the mortgage.