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.