Mortgages for Business is committed to keeping both our staff and clients safe during the COVID-19 outbreak while maintaining the best service possible. Our teams are working from home, but don’t worry, you can still contact us in the usual ways.
To read our comprehensive FAQ guide on how the emergency interest rate reduction and Coronavirus outbreak could affect your mortgage, please click here.
If you want to request a payment holiday, please contact your lender directly. For lender contact details, click here.

How to Save Money and Release Capital During COVID-19 Lockdown

Understandably, many of you will be looking for ways to save money or to raise capital to give yourself a financial buffer over the coming months. For those with buy to let property portfolios, there are some things you can do now as Director of Sales, Jeni Browne, explains.

Save Money and Improve Cash Flow

The easiest way to improve cash flow is to review your outgoings and see where you can make savings. Mortgage rates are still very low at the moment and you can usually secure a rate up to six months ahead. That means that if your properties are up for remortgage now, or in the next six months, you can secure a deal now that will save you money in the future!

If you’d like to know how much you could be saving, our consultants can carry out a free review your portfolio, providing you with a proposal setting out how much you could save each month and overall with specific products. With many of us currently juggling new responsibilities and routines, this is a helpful job we can do for you with no obligations!

Raising Capital

We’ve already had several landlords looking to increase their available cash by remortgaging property and releasing equity. When reviewing your portfolio, we can advise you on how much capital you can release and how to do it.

Why Now?

Under the circumstances, we are expecting lender processing times to increase over the coming months, due to difficulties getting valuations and surveys completed and increased workload. Be at the front of the queue by getting your portfolio review started now!

Our consultants can complete a full portfolio review for you completely free of charge and with no obligations to proceed with our recommendations. We know these are challenging times, but hopefully we can help you get the most out of your buy to let investments now and in the future.

To speak directly to a consultant, call 0345 345 6788 or email enquiry@mortgagesforbusiness.co.uk.

Author

NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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