Landlords running riot in remortgage market

Published: 15/04/2013

Remortgaging amongst landlords has risen to a three-year high, according to the Mortgage Business’ BTL index.

Remortgaging accounted for 69 per cent of all buy to let transactions in January, February and March, up from 43 per cent in the final three months of 2012.

Industry experts believe this flurry of activity has been triggered by high yields prompting landlords to raise funds and develop their property portfolios as Managing Director of Mortgages for Business, David Whittaker, explains:

“Gross yields are tantalisingly strong at the moment and that has sparked a real splurge of refinancing as landlords try to unlock enough capital to expand portfolios and make hay while yields are high.

“With so much refinancing going on at the moment, we might well see a purple patch of purchasing activity later on in 2013.”

Whether you’re buying or remortgaging, landlords can benefit from competitive fees from Goldsmith Williams. Our all inclusive remortgage fee is just £299 while our conveyancing charges start from just £399 plus VAT and disbursements.

Content correct at time of publication