Advanced Search

We found 0 results. View results
Your search results

A high number of BTL landlords plan to remortgage over the next 12 months

Posted by Let Me Properties on December 16, 2019

A significant number of landlords plan to remortgage over the next year, fresh research by BDRC, on behalf of Precise Mortgages, shows.

The study found that 63% of landlords planning to remortgage intend to do so in order to avoid being moved on to standard variable rates, while 24% plan to do so to release equity, while 22% are seeking a better borrowing rate. 

Those with more than four properties are the most likely to change mortgage deals over the next year – 35% will remortgage compared with 19% of those with one to three properties.

Alan Cleary, group managing director of Precise Mortgages, commented: “With buy-to-let rates being reduced it makes sense for professional landlords to optimise their investments by remortgaging but clearly landlords need specialist support from brokers as the study demonstrates.

“Precise Mortgages is currently one of the most recommended specialist mortgage lenders and can help portfolio landlords, limited companies, those looking at HMOs, and even first-time landlords to find solutions and support them through the process.”

Article courtesy of Landlord Today | Sign up for Landlord Today newsletter | Get this news on YOUR site!

  • Property Search

  • Testimonials

    Excellent service for potential and existing tenants. I don't have a car, so they drove me from viewing to viewing, and were quick and helpful at getting things sorted once I'd chosen somewhere. I was moving to St Albans from Chester, and they had no problems handling things remotely. They were also keen to help when I had questions (and in the end, even complaints) about the tenancy agreement the landlord produced, and mediated well between the landlord and me to produce a slightly modified agreement which we were both happy with. When I moved out nearly a year later, they handled viewings for the room I was vacating. They were very punctual in giving notice of upcoming viewings, lined up several viewings in a row when they could to make things easier for me, and in fact the third person they brought to see the room took it. Very efficient! Read more Read lessJosie McNallyJune 30, 2011

    – Click here to see more

Compare Listings