Coronavirus - Should landlords apply for a new or re-mortgage?

Emphatically yes! One big difference between the challenges of 2020 and the economic turbulence of 2008’s credit crunch is that there is no issue with the liquidity for banks and building societies.

They have the means and the willingness to lend. However, what we are seeing are disparities with how each lender responds to the current situation. Some lenders have been impacted from a service perspective more than others due to staff shortages.

We are lucky in our industry that we can work remotely, and as such are here to help our clients at this time.

Intermediaries can access the various lenders on the market and will be able to help navigate through these options at this time for you to find the best solution.

From an intermediary/broker perspective it is currently business as normal in terms of helping our clients, albeit with meetings all by phone or video call currently!

Many landlords will be looking to re-mortgage with fixed rates coming to an end this year, be assured that we have access to a wide array of mortgage options for them.

There are buy-to-let rates still available as low as 1.19% on a two-year fixed rate right now, so in fact it is a great time still for landlords to look into these options.

If you are looking to secure a new or re-mortgage please do make contact and one of our independent advisers will be happy to assist.