How can landlords counter rising interest rates or increase their portfolio
Jordan Tupper answers.
For any mortgage rate enquiries or concerns, we recommend you chat with our property finance partner Seico Mortgages to see what’s possible before you make any big decisions on 01273 778888
I hear some landlords are considering selling their investment property due to rising interest rates and running costs; how are you advising these clients?
For clients concerned about whether they can keep their rented property, we are referring to our partners at Seico mortgages. They can assist landlords to retain their investment properties by helping with re-financing at the best available mortgage rate, releasing capital to cover the cost of required maintenance, or even a refurbishment to increase yield. This is usually a swift and straightforward process the brokers can assist with.
What about landlords looking to increase their portfolio?
Seico can arrange to release capital from their existing property to allow them to buy a second buy-to-let property and increase their overall rental income.
Can they help landlords who would like to review their options for re-mortgaging?
One phone call with one of their expert brokers will give them access to all lenders, including exclusive offers not available from high street banks. It costs nothing for Seico to review the market options, and they can reserve a rate up to six months ahead of the current rate expiring or offer a rate swap now if it would save the client money to do so.
For any mortgage rate enquiries or concerns, we recommend you chat with our property finance partner Seico Mortgages. Tel: 01273 778888