Moving from a portfolio of 1-3 residential properties to a portfolio of 4-10 or more properties requires more than just additional purchases. Operating as a professional landlord requires careful thought and planning to ensure you have considered regulatory requirements, stricter financing criteria, tax-efficiency and the economic/interest rate environment. The impact on a landlord’s ability to…
During 2024, as inflation has fallen to the Bank of England target, speculation grew as to when the Monetary Policy Committee (“MPC”) would reduce the Bank Base Rate (“BBR”). Whilst on 1st August the MPC decided to reduce the BBR by 0.25%, many banks had already reduced their mortgage interest rates over the summer months…
During the next few weeks and months, many borrowers will find themselves coming to the end of their current ‘initial’ mortgage term. With the Bank of England (BoE) reducing interest rates down to a historic low of 0.1%, is this the right time to secure a new mortgage? COVID-19 has had a significant impact on…