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Facilitating landlords’ increasing appetite for specialist BTL mortgages in 2024
Moving into 2024, we noted plenty of encouraging signs emerging from landlords who were demonstrating their ongoing commitment to the buy-to-let sector and looking through a longer-term lens regarding the performance and potential of an array of property investment types.
Tax and regulatory changes have seen a shift towards increased professionalism across the private rented sector, with all landlords having to carefully examine the performance and potential of individual properties within their portfolios to determine their future.
This has led to a certain degree of offloading by some but it has also sharpened the attention of other landlords towards higher-yielding assets such as houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), mixed-use property (semi-commercial), multiple properties under one title, holiday lets and short-term lets.
Take a look at our Solutions case studies
Inevitably, such transactions do come with additional legal layering and the need for a more specialist lending approach, but the rub comes in the fact that certain properties have the potential to generate stronger yields and fewer void periods, which represents an attractive combination in any financial climate.
This ongoing focus will result in even more complex lending conditions and a greater reliance on specialist lenders to provide an array of competitive, flexible and appropriate solutions to meet these highly strategic portfolio demands. On the flip side, there is also a rising emphasis on these lenders to deliver from a product, criteria, underwriting and, importantly, service perspective in a fully transparent and responsible manner.
The increasing appetite for an ever-growing list of complex BTL mortgages means that mortgage advisers are pivotal partners for landlords and lenders. Where the landlords bring to the table their strategies of what property types are needed, in what locations, and how best to optimise their portfolios, it’s the mortgage adviser who knows exactly which lenders to approach and the optimal way to finance those projects.
Solutions by Foundation, is a new proposition driven by rising levels of interest in even more specialist BTL properties, especially in the form of semi-commercial (mixed-use), larger multi-occupation properties and mortgages for ex-pat landlords.
Why not visit our Solutions calculator
We offer products and the manual underwriting needed for these sorts of complex deals. By catering for increasingly complex property types - and non-vanilla BTL borrowers – we continue to demonstrate our commitment to landlord’s ongoing quest for higher yields and successful growth.
Take a look at our BTL calculator
FOR INTERMEDIARIES ONLY
