Risk-averse landlords are remortgaging primarily to build a war chest, research from Mortgage for Business has revealed.
Some 30% of property investors are now taking out a buy-to-let remortgage with a view to expanding their portfolio and growing their cash reserves.
Nearly half (46%) are increasing the size of their loans – significantly higher than the long-term average of 38%.
Steve Olejnik, managing director of Mortgages for Business, said: “Our research suggests the number one priority of active, professional landlords is to set themselves up with a war chest so they can look for growth. Smart landlords know that the time is coming to bag some bargains and start expanding portfolios. Increasingly, that is where their remortgaging priorities lie.”
Risk-averse landlords are remortgaging primarily to build a war chest, research from Mortgage for Business has revealed.
Some 30% of property investors are now taking out a buy-to-let remortgage with a view to expanding their portfolio and growing their cash reserves.
Nearly half (46%) are increasing the size of their loans – significantly higher than the long-term average of 38%.
Steve Olejnik, managing director of Mortgages for Business, said: “Our research suggests the number one priority of active, professional landlords is to set themselves up with a war chest so they can look for growth. Smart landlords know that the time is coming to bag some bargains and start expanding portfolios. Increasingly, that is where their remortgaging priorities lie.”
“It will be interesting to see how landlords’ investment strategies adjust to changing tenant demand.”
Source: propertywire
