Adrian Moloney | 22.09.2020
While the mortgage market, and the wider UK housing sector as a whole, has been seriously impacted by COVID-19, professional landlords are not standing idle. Many are taking advantage of the pause in purchase or remortgage activity to re-evaluate their investments, in order to maximise opportunities when normality returns.
This includes company ownership arrangements supported by appropriate mortgage funding, but just as important is ensuring that buy to let landlords are seeking the right professional advice.
As professional networks become increasingly important for brokers, obtaining holistic guidance covering all elements of both the mortgage and remortgage process is now more vital than ever.
We examine how this guidance has changed with the evolving mortgage landscape, what landlords should be aware of if they’re thinking of incorporating, and what smaller broker firms need to consider when building networks.
Advice from both professionals is key to a landlord’s decision on whether to incorporate or not.
Brokers should meet with a variety of different firms and advisers before making a decision. The following questions should act as a guide to suitability:
1. Does your website highlight your digital high street presence and inform and educate any new landlord to your areas of expertise? Does it adequately demonstrate your ability to help them and make sure you stand out head and shoulders above any other broker?
2. Education, education, education. Kent Reliance for Intermediaries will be running bespoke educational webinars hosted by Roger Morris, Group Distribution Director so make sure you invest in yourself and your business to become the best you can be. Keep an eye out for exclusive VIP access!
3. For an in-depth look at the key considerations for buy to let landlords, download our latest guide, ‘Changes to UK tax relief on finance costs’. As you delve into the contents and make the connections with your existing business activity, keep it handy for referral as it highlights key areas you should be really comfortable with and understand.
In these uncertain times, you need the experience of a specialist lender more than ever.
If you’re ready to get started, email our broker liaison team. Alternatively, if you require any further information on your cases, find your nearest BDM, who’ll be happy to answer any questions you may have.
Between you, your BDM and our expert underwriters, we have the formula to help you with your next “odd” case.
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