Whether you’re a portfolio landlord or only have one property, it’s a good idea to check in with a broker each year that you’re always on the right deal for your circumstances, particularly with all the tax changes occurring within the buy to let market.
New products are coming out every day in this highly competitive market and, even if you’re still within an initial ‘lock in’ period, you may discover it’s worth paying the redemption penalty to secure a better rate over the longer term.
If you are planning to hold property into your retirement, it’s particularly important that you are with a lender who will allow you to hold a mortgage beyond 75 years of age.