Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 4 weeks ago 97
I am just in the process of agreeing a mortgage on a BTL property, and had been heading for a 5 year fixed rate, as these seem such incredibly good value at the moment. But thinking of the principle of frequent refinancing to release equity, I wonder if this is a false move to fix for this period …?
I guess this is what everyone in the mortgage market is constantly gambling on!
When you look at the 2 year deals currently, they are so cheap compared to a while ago, and especially as refinancing costs can be offset against tax, is it always best to go for shorter term, 2 year rates if you are wanting to release equity often …???
Your thoughts will be very much appreciated
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More