Jonathan Stinton is head of intermediary relationships at Coventry for intermediaries
Hundreds of thousands of fixed-rate products are set to mature in 2021, including a wave of buy-to-let (BTL) mortgages. As a result, landlord clients – from so-called ‘dinner party’ investors to professional landlords with larger portfolios – are considering what financing options are viable for them.
The impact of coronavirus on both landlords and tenants has been wide-ranging. Thousands of tenants across the UK have seen their circumstances changed by the pandemic. Many of these renters have been placed on furlough or have had to take a mortgage payment holidays for instance. Yet, the crisis has also had an impact on landlords too. With tenants deferring rental payments some landlords have suffered a loss of income. Others have been furloughed themselves or have had to defer mortgage repayments too.
Inner London property sales on the decline since March 2020