We have a new government – and according to a recent Foxtons survey, the election result will make no difference to the majority of property investors (writes Howard Reuben, Principal, HCH Financial Services).
Commenting on the findings, Gareth Atkins, Managing Director of Lettings at Foxtons, said: “Overall, it seems that most landlords will not be altering their approach to investing in, owning, and renting their properties.”
At HCH Financial Services, we are already seeing an immediate positive impact of the new government – not necessarily because Labour won but because this is the first week on the road to certainty and stability in a new political climate, which is considered to be the start of a more settled mortgage market.
Here’s our product of the week, from Foundation Home Loans:
Limited company mortgage
5-year fixed rate
6.79% during fixed term rate
1.25% lender arrangement fee
Free valuation
Short-term lets up to 65% LTV
Interest only (up to 10% overpayments allowed each year)
Maximum loan per application: £2 million
Total portfolio borrowing allowed up to £5 million
First-time landlords accepted on a case-by-case basis
No minimum income
Foundation Home Loans is an excellent lender which offers all types of specialist mortgage deals for landlords, including short-term rentals, HMOs, expat, multi-unit properties, and properties with mixed commercial and residential use.
To discuss property investment strategies and obtain a personalised quote, contact the HCH Financial Services team today:
Call: 0333 1234 536
Email: advice@hchfs.com
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