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A Buy to Let (BTL) property is purchased with the intention of renting it out to tenants, allowing investors to generate rental income and potentially profit from property appreciation. However, it’s crucial to carefully plan, balancing rental income against costs, and seeking tax advice before investing.
Challenges include increased taxes, stricter regulations, and higher costs in today’s rental market. Becoming a landlord demands significant time, capital, and a well-defined strategy that aligns with your financial goals and capacity to manage the property.
Portfolio mortgages are specifically designed to help landlords manage multiple properties under one mortgage, simplifying their finances. Due to recent changes in tax laws and stamp duty, landlords are looking for ways to maximise investment returns. Tax relief has been reduced, and interest can no longer be offset as an expense.
Many landlords are considering moving their portfolios to limited companies to benefit from corporation tax rates. Portfolio mortgages are often viable for those with four or more properties or portfolios valued over £500,000, and can apply to apartment blocks or larger portfolios.
Accountants generally advise that a portfolio of five or more properties makes this option financially practical.
If you’re considering a portfolio mortgage, talk to us, we have access to the entire mortgage market, our experienced specialists can provide recommendations that align with your unique circumstances.
Building a property portfolio takes time and careful planning, and the same goes for portfolio mortgages. At Revilo we can help you make informed choices that support your long-term financial goals.
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Our team will discuss your individual circumstances, and the most suitable next steps
We can call you back for a brief discussion – no problem
Book a free, initial, no obligation appointment with us so that we can get you Mortgage Ready.
We’ll have a look at your circumstances and check over your documents so that when the times comes you look as attractive as possible to a lender, and are ready to go.
Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
