In 2017, the buy-to-let market faced a massive change as the Prudential Regulation Authority implemented new affordability requirements for buy-to-let mortgages.
As a consequence of these changes, many landlords opted to obtain a 5-year fixed interest buy-to-let loan. However, as these loan terms come to an end, it might be time to source a new mortgage for your property, and we can help.
Benefits of opting for a new mortgage
If your current 5-year loan is coming to an end, re-mortgaging your property may be beneficial. For example, taking out a new mortgage could:
- Be cheaper than switching to a lender’s standard variable rate
- Potentially capital raise for other ventures, perhaps property renovation or expanding your property portfolio
- Help raise capital for EPC improvements to make your properties more efficient in line with new regulations coming into force in 2025
How Finance 4 Business can help
We are an award-winning specialist finance broker in Birmingham with a dedicated commercial team as well as a team of bridging finance brokers, so we can help you quickly find the right mortgage. Our finance brokers are happy to discuss your options with you, so you can find a bespoke financial product for your property, or indeed your property portfolio.
We have access to a great panel of financiers, including both high street and specialist lenders, so we can quickly help you find a bespoke solution, and we will support you throughout the process, researching and comparing the products available for you.
Not only this, but as a part of our brokerage service, our team will liaise with lenders and solicitors on your behalf, so you can focus your time on other matters.
Why not contact them today? Call our team on 0121 309 0444 or send an email to enquiries@finance-4-business.co.uk, so we can assist with your property ventures.
