View more on these topics

Quarter of landlords refinancing for softening market

Research from Landlord Mortgages has revealed that 25% of landlords have refinanced over the last year to create ‘war chests’.

This is in anticipation of a softening housing market that will allow investors to take full advantage of lower prices.

Lee Grandin, managing director of Landlord Mortgages, says: “Landlords are preparing themselves for a much publicised softening property market by refinancing their portfolios rather than trimming them down.

“The benefits of this are two fold, as investors avoid capital gains liabilities and put themselves in a strong position to snap up potential bargain properties if the property bubble bursts.

“The experienced landlord will be taking advantage of this ‘cheap’ money and will be ready to make the most of an uncertain market.

He adds: “At Landlord Mortgages we are seeing a great deal of ‘pound cost averaging’ in the landlord community whereby investors even out house price fluctuations by buying at regular intervals, thus averaging out the returns over a longer period of time.

“For those landlords whose portfolio needs external management, fees will be a factor in keeping margins to a satisfactory level and as a result landlords will need to review the deals their lettings companies offer.” 


Cheshire launches fixed-rate bond

Cheshire has introduced an 18-month fixed rate bond at 5.18% AER for investments above 5,000 and 5.14% AER for investments between 1,000 and 4,999. With a minimum investment of 1,000 and a maximum of 2,000,000, the bond enables investors who are able to tie up their money for the 18-month period, to benefit from guaranteed […]

Big five combine forces to form Concordia

Five of the UKs leading independent mortgage brokers have joined together in a strategic move to co-ordinate their relationships with the UKs major lenders. The newly-formed alliance is called Concordia and comprises Alexander Hall, Chase De Vere Mortgage Management, Cobalt Capital, Hamptons International Mortgages and Savills Private Finance.By combining their volume of lending and experience, […]

Nationwide denies revoking its one-rate-for-all policy

Nationwide is denying it has revoked its promise to offer the same rates to new and existing customers, despite it being set to offer two different rates for purchases and remortgages.From December 1, Nationwide will offer one set of rates for new and existing customers looking to purchase and another set for new and existing […]

Paaleads launches savings and investment leads

Lead distribution business has launched two new lead types savings and investment.Advisers can now request leads for savers with a lump sum to invest, or those that will commit to save a regular amount for a defined term. Investment customers will have indicated that they are looking to generate a greater return on their […]

Survey cover

EEF/Jelf Employee Benefits Sickness Absence Survey 2015

EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.


News and expert analysis straight to your inbox

Sign up