There have been several changes in regulation over the last two years that have had important implications for portfolio landlords, particularly from a mortgage and taxation point of view.
Income tax changes for rental income, along with the phasing out of mortgage interest tax relief, have meant that landlords are feeling the pressure.
Each lender may have different criteria in respect of buy to lets in context of a property portfolio. Whether landlords are just joining the ladder or a more experienced landlord that is adding their 4th or 5th property to expand their portfolio.
Despite the complexities, the right mortgage advisor, will help you find lenders that will work with you to help you achieve your objectives. This can include exclusive and ‘broker-only’ lenders. Contact us now to find out your options.