Landlords, review your borrowing, lock-in low interest rates and beat the September PRA changes that will restrict your access to funds

The next round of the Prudential Regulation Authority (PRA) changes are on the horizon, with portfolio landlords (with 4 or more properties) set to feel the most impact. We understand that the new rules will include properties owned by all entities, both personal and Limited Company. New rules mean that lenders will consider the whole portfolio when calculating stress tests.


Apparently, each property will be stressed at 5.5% - even properties not subject to the loan, which could have an impact on the amount landlords will be able to borrow.

Martin & Co Oxford work closely with London & Country the UK mortgage broker with the largest panel of lenders.  With interest rates at an all-time low, and with commentators expecting the next move to be up, there has never been a better time for landlords to review their borrowing arrangements to beat the more restrictive rules that will be introduced in September, maximising their borrowing, and locking-in the current favourable rates.

If you feel you might benefit from re-financing, either give us a call on 01865 812110 to ask us to arrange for a London & Country experienced mortgage consultant to call you for a confidential telephone assessment of your needs.  Or, call London & County direct providing reference 'Martin & Co, Oxford' by calling 0800 953 0304.

Historically UK borrowers have been reluctant to change their lender, but just like your utility provider, the best deals often result from switching, and at a time when landlord costs are rising, saving £00's per month or borrowing additional £000's can make the difference between growing a portfolio and not.  You lose nothing by calling and finding-out.