It’s been a tough few years for the buy-to-let market, and landlords have been doing all they can to stay profitable amidst legislation and economic hardship. While many do look to other options such as holiday lets to stay afloat, some are still thriving as the demand from tenants for rental properties is only increasing, and lenders are taking notice.
This article does not constitute advice. Professional advice should be taken prior to acting on any part of it. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
Mortgage providers around the country are planning to introduce products and offerings for buy-to-let mortgages – from cut rates to new deals and even platforms designed to make their lives easier. Here are some of the highlights that some lenders have planned.
Nationwide
Nationwide debuted The Landlord Works, a digital platform designed to help landlords manage their investments on a day-to-day basis, all in one place. You’ll be able to access resources and education, portfolio management, self-assessment tax return, a valuation tool, property portfolio, and finances.
All these features will help you meet regulatory requirements and make a landlord’s job easier. It’s available to brokers and landlords of every type and you don’t even need a Nationwide mortgage to gain access to the platform.
HSBC
Meanwhile, HSBC has increased its buy-to-let mortgage offerings and slashed rates for all loan-to-value ranges by up to 35 basis points. This move opens their products up to over 13,500 independent mortgage advisers, quite the leap from the mere 510 broker firms they were previously available to.
InterBay Commercial
InterBay Commercial, a specialist lender for buy-to-let, holiday lets, semi-commercial, and commercial loans, has recently launched a new buy-to-let range with rates cut by 25 basis points and no early repayment charges.
There’s more…
These are just the tip of the iceberg. Lenders like Foundation and Accord mortgages are all offering new buy-to-let products and discounts for their loans. Even NatWest has added additional deals to its range.
Start your mortgage search
If you want to take advantage of some of these new deals and build on or start your buy-to-let portfolio, get in touch with us today. With our years of experience and knowledge helping doctors and dentists build their buy-to-let portfolios, we’ll ensure you find the right mortgage for you.
Thinking of Investing in Property?
Mortgages | Buy to Let | Property | Mortgage Planning |
Dental & Medical Financial Services have been helping doctors and dentists with finding low-cost mortgages for your home and investment properties for over 25 years.
Find a Mortgage using our online Mortgage Finder Tool