Are you thinking of expanding your property portfolio? With property prices increasing and a housing shortage, it’s easy to see why many landlords are looking to expand their buy to let portfolio. Before attempting to expand your portfolio it is important to know where you stand so, to ensure expansion makes financial sense moving forward.
If you have benefited from growth in the value of your existing properties you can remortgaging to release equity to to expand your portfolio is a viable option.
With the right timing, remortgaging can deliver significant financial benefits. As well as allowing you to release some of the equity tied up in your property, it could secure you a lower interest rate and reduced monthly repayments.
By having many properties the risk is spread thinner, particularly the negative impact of a void property on cash-flow. As you expand your portfolio, your profit-making potential increases; an investor with ten properties has twice the profit-making potential of an investor with five properties. You may also find it easier to secure with a larger portfolio, as you will have more collateral.
Long-term planning are the biggest challenges to most landlords, it is important that you seek independent financial advice we could help you find the ideal Buy to Let mortgage to find the best rates from the whole market. So all you have to do is find the perfect tenants. We offer a range of fixed and tracker products so you can pick the one that’s right for you.
Why not find out what is the best mortgage options for you so contact us today.
Not all buy-to-let mortgages, or loans and debt services are regulated by the Financial Conduct AuthorityThe value of investments and the income from them may go down. You may not get back the original amount invested.Your home may be repossessed if you do not keep up repayments on your mortgage.The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK
