29 per cent of landlords looking to cut mortgage costs

Are your landlord clients looking to reduce their mortgage costs? Well, they’re not alone…

With rising running costs and increasing levels of taxation, it’s no surprise that 29% of landlords and property investors are looking to reduce their mortgage costs.

Surprised?

Well, that’s just one of the findings from Kent Reliance for Intermediaries’ latest report – The finance of investing: tracking landlords’ costs and economic contributions.

Along with highlighting the financial contributions landlords make to the British economy each year, it also explores how their spending – including maintenance and refurbishments – is changing following political and economic influence.

Some of the other key statistics include:

  • Landlords collectively contribute £16.1bn to the British economy through spending – up from £8.5bn a decade ago
  • However, 36% of landlords are considering cutting their expenditure as tax rises and higher running costs begin to bite
  • Property maintenance and improvement have been identified as key areas for cost cutting, followed by letting agent fees and mortgage costs.

What do you think – are your buy to let clients looking to reduce their spending in 2019?

If that’s a ‘yes’, then this report could help you become their go-to expert.

Alternatively, if your clients need buy to let case solutions, speak to our broker liaison team now on 01634 888260 and see how we can help.

Add a Comment

Your email address will not be published. Required fields are marked *