BUY TO LET RATE SHOCK - A SOLUTION

With interest rates still high, many landlords with fixed rate mortgages coming to an end are challenged with the prospect of a significant leap in mortgage costs. Having secured low rates on 2 or 5-year fixed rates at purchase or at the last remortgage, landlords now face interest rate increases of 3 or 4% on deals that are coming to an end.

The impact of this is that many landlords are not buying as many new properties or are selling their current stock as it is no longer as profitable for them.

This drives up rental values due to their being fewer properties for rent and landlords passing on increased costs to tenants.

With increased sales stock and upward pressure on rents many tenants are choosing to see if they can get on the property ladder themselves.

Haystoun Financial Services and our sister company Haystoun Property Services are uniquely placed in the market to help you find the solution you need.

We can help landlords reduce costs by sourcing them the most suitable mortgage or remortgage and making sure they are aware of all their financial options.

Haystoun Property’s expert advice and management ensures the profitability of properties is maximised by nurturing long term relationships with landlords and tenants.

When it is time to sell, we offer a wealth of expertise and advice with transparent charging and a truly personal experience.

We specialise in helping first time buyers whether they are currently tenants or are looking buy their own first home. We can guid you through the whole process of sourcing and financing your first property and help keep the excitement in what can seem like a daunting task.

Contact us now to see how we can help.