It’s been a tough year or so for tenants – but it’s also been a difficult one for landlords, with reduced rental income having a knock-on effect on their mortgage prospects.
Many lenders withdrew buy-to-let mortgage deals early in the pandemic but, according to recent data, product choice has now risen to total of 2,298 products currently available1.
Landlords who have seen reduced rental income, however, may still struggle to remortgage or purchase new properties, as a reduction in income from just one or two properties can impact the performance of the entire portfolio.
Weigh up your options
If youre looking to access buy-to-let mortgage finance, please speak with us and we can help you assess your options.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Catch up on our other blog posts:
Engaging with your home insurance requirements can be challenging but running the risk of not tuning in and getting the most suitable cover - and the right level of cover - could be financially devastating if an unwelcome event were to occur. Although home insurance...
Many people find that the language of protection insurance isn’t particularly user-friendly, with confusing terminology often becoming a barrier to finding the right insurance. We believe that nobody should be prevented from protecting themselves and their loved ones...
Income protection insurance refers to a group of insurance products that help you out financially, if you lose your income due to injury or illness. The COVID-19 pandemic has greatly increased awareness of the importance of having a safety net to fall back on in times...
(Your home may be repossessed if you do not keep up repayments on your mortgage)
We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)
For Lifetime Mortgages/Equity Release the fee will be £799.
Our mission is to provide honest mortgage advice, whilst helping you save money.
Get in contact
Or call —02380224925