Seven out of 10 portfolio landlords (70%) are expecting to remortgage or consolidate loans over the next 12 months, new research from CHL Mortgages has indicated.
A webinar poll conducted by the specialist buy-to-let (BTL) lender showed that over half (53%) of broker respondents had one to five portfolio landlord clients who would remortgage or consolidate loans in 2022.
The responses emerged from a webinar session on the BTL lending marketplace, held in conjunction with Knowledge Bank, which had over 100 brokers in virtual attendance.
Another 16% highlighted that they had over 10 portfolio landlord clients likely to remortgage or consolidate loans over the next 12 months.
More polls were taken during the webinar around limited company activity and SPVs. When asked what percentage of landlord clients are considering opening limited companies for their BTL properties, around three in 10 brokers (29%) said that more than 75% of their portfolio clients were considering the move.
Focusing on SPVs and trading companies, 51% of brokers outlined that they have clients looking to house properties in a trading company instead of setting up an SPV, with 49% not believing this to be the case for landlords they are working with.
CHL Mortgages commercial director, Ross Turrell, commented: “We know how strong the BTL market has been from a purchase perspective in recent times and whilst we still expect sustained levels of activity from portfolio landlords when adding to their portfolios over the course of 2022, this data underlines the vast remortgage potential currently on offer.
“This potential will be driven by considerable numbers of five-year fixed rate deals maturing over the course of the year and the ball really is in the court of proactive advisers to make the most of these remortgage opportunities in what remains a highly competitive lending space and an uncertain interest rate environment.”
Latest News
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories