Landlords told to release equity now

Cardiff-based property financier Kingswood Associates is calling on landlords to release equity from their properties before it’s too late. It says it has become harder for them to refinance because of the credit crunch. John Phillips, managing director of Kingswood, says: “As the market tightens landlords must raise the finance they need quickly.” He adds that by using the equity built up in recent years landlords can grow their portfolios as prices fall.