Mortgage rates are sitting at all time lows, making it a great time to re-mortgage and cut thousands of pounds off your property mortgage bill. The majority of lenders are now offering buy-to-let mortgages at record low interest rates. As a result 78% of landlords who re-mortgaged in September and October reduced their monthly repayments. Annual repayments have fallen again and mortgage rates are at their lowest-ever level. For those property owners wanting to re-mortgage, there remains plenty of incentive to do so and many could benefit by re-mortgaging onto deals with lower interest rates and repayments. Reducing monthly payments for landlords is something that is vital due to all the recent Government clampdowns in taxation. The savings on offer are certainly worth the effort of re-mortgaging. These days re-mortgaging a straightforward buy-to-let case does not need to take a great deal of time and effort. Re-mortgaging is not suitable for all cases and you should seek professional advice as to the best options to suit you. The choices you have now are vast so again do seek advice as to the best deal to meet your longer term needs.
Can we help?
If you require assistance with your new or re-mortgage please do contact one of our advisers and they will be pleased to help.
