A Welcome Boost for Landlords in the Buy to Let Market.

Wednesday, May 27th, 2020

According to a recent survey undertaken by Hamptons in March this year, which indicated that tenancy renewals were at their highest since 2008, many buy to let landlords may have received a timely boost. *

This is welcome news given that, following recent events, many believed that there would initially be high volatility in the buy to let market, which would then adversely impact landlords. 

Buy to Let activity to increase?

Hamptons’ report also suggested that as COVID-19 lockdown restrictions are further relaxed, it expects buy to let activity to increase given that for some, and particularly in times of uncertainty, renting can offer increased flexibility over and above the ideal of home ownership.

This then, when combined with the fact that almost 85 percent of buy to let mortgage lenders are still offering remortgage products, suggests that it will not be all “doom and gloom” for landlords. **

However, although buy to let mortgage lenders are still offering products, some have now tightened criteria and reshaped their pricing in line with recent changes to funding costs and reduced risk appetite. 

The role of professional Buy to Let mortgage brokers.

It is worth remembering that even in the most challenging market conditions, a professional mortgage broker will always be able to help guide their clients towards the most suitable and cost-effective buy to let mortgage product. 

As a specialist buy to let mortgage broker with many years’ experience, Caboodle Finance continues to provide expert advice to landlords regarding their properties and associated mortgages. Also, given that some lenders only distribute their products through reputable brokers, we can access products, interest rates, and loan facilities that are just not available on the high street.

Tailored recommendations from your mortgage adviser.

With all that in mind, it is no wonder that many landlords choose to use a professional mortgage broker to source and process the mortgage. Here at Caboodle Finance, our buy to let mortgage advisers will always take account of any personal circumstances when making our tailored recommendations.

Talk to an expert…

If you would like some help with all this, just call one of our experts here at Caboodle Finance of Sutton Coldfield, Birmingham on 0121 308 9114 in complete confidence, or alternatively click HERE to complete the online form and one of our friendly buy to let mortgage team will get back to you.

We very much look forward to hearing from you.



*Source – Mortgage Strategy April 2020
**Source – Mortgage Finance Gazette April 2020

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 7.65% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at Mere Green House, 46-48 Mere Green Road, Sutton Coldfield, West Midlands B75 5BT (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Caboodle Financial Services Ltd may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let.

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