Buy-to-Let – Is 2020 the time to grow or review your property portfolio?
Over the years, bricks and mortar have consistently been seen as a wise investment. Recent uncertainty in the economy has meant that house prices have dipped almost everywhere in the country, which could present opportunities to Landlords to expand their property portfolios and improve income streams. Expanding your portfolio can both protect your rental income and grow it further.
We have helped many landlords recently to restructure their buy-to-let finances, which has helped them to release capital to expand their buy-to-let portfolios, and most of them have also managed to offset the mortgage tax relief changes in the process.
As a Landlord, short-term ups and downs in the market are usually bearable, and longer-term growth is expected. Whether looking to grow your portfolio is on your agenda or not, there are still plenty of things you can do to grow and protect your Buy-to-Let income in 2020.
What will having a free review of your Buy-to-Let mortgage tell you?
We offer free mortgage reviews to show you whether the rate you are currently on is still the best available to you. We will search the market for deals, and if we find a rate that you could switch to that will save you money on your monthly repayments, then we can help to get that switch sorted. It couldn’t be simpler; we will do everything for you.
You would like to expand your property portfolio; is it the right time to do this?
If you are looking to add more properties to your portfolio, then yes, now is a good time to be buying. Although there are currently fewer houses on the market, prices have dipped slightly, so the opportunity to make equity gains is good. More and more people are renting properties because they can’t afford to get on the property ladder themselves, so there is little to worry about when it comes to securing tenants.
According to a BBC report, a recent Zoopla survey has found that rental prices in some areas of the country have risen by more than 5% in the last year.
Buy-to-Let mortgage rates are at a record low right now, making borrowing to invest in property to rent out more attractive than ever.
Why comparing mortgages is the key to growing your Buy-to-Let income
Reviewing your buy-to-let mortgage will ensure you’re getting the best deal possible. This is something landlords should do regularly. Changing your mortgage to a better deal, subject to your terms and conditions, is usually not that difficult and it could yield big savings in the long-term.
Here at Hazelwood, as independent brokers, we are accustomed to the nitty-gritty of mortgage rates and deals, have access to thousands of mortgage products, and can help landlords to ensure they aren’t spending more than they should be.
Get in touch today on 01279 792756 or send us an email at info@Hazelwoodfs.uk to see how we can help.