Landlord Finances and Mortgages with Mashroom
The mortgage industry is in turmoil at the moment, so we’ve got everything you need to hold steady through the economic storm
Join Mashroom and our host of experts to learn everything you need to know about your how the economic headwinds affect your mortgage or remortgage, including:
- Latest Mortgage Updates. Interest rate update coming? We’ve got the latest news and how it might affect you
- Industry Predictions. Wondering what might be coming up in the next interest rate update? We speak to experts to for commentary and predictions
Why is it important for landlords to understand what’s going on in the mortgage industry?
One of the biggest elements that landlords have to consider is their mortgage, as landlords are spending around 37% of their rental income on their mortgage. That’s not counting your tax liability or what you spend on general maintenance or insurances – so it’s a huge part of your outgoings. Therefore, understanding what’s going on in the industry, what could be happening in the future and how you can navigate these choppy times.
So a huge number of people are going to be reaching that sudden shock point of having to pay dramatically more on their repayments within the next 18 months.
Stephen Smith, Landlord Survival: How to survive the economic turmoil
How can landlords keep up-to-date with mortgage industry news?
The Bank of England Monetary Policy Committee sits every six weeks to decide on whether the base rate needs to be changed, so follow Mashroom and you’ll get our predictions ahead of time as well as an update when it happens, with our insight on how it will affect buy-to-lets.
We’ll also monitor events like the Budget to tease out the key points that will particularly affect landlords, so with Mashroom it’s easy to stay on top of the latest news and how it impacts your bottom line.
