People will be at the heart of Buy-to-Let deals at the end of 2022

by Andy Virgo, Buy-to-Let Director

See our Buy-to-Let SLAs, rates and find your local BDM here. 

So far, if you had to categorise the year in Buy-to-Let you’d say it started with a heavy focus on the remortgage market and then became overshadowed by economic uncertainty affecting rates. 

As we approach the final third of 2022, what is the market going to look like? 

Uncertainty continuing

It is well publicised that the economic conditions that have dominated the summer will continue to cause concern as we go into winter. 

The potential impact of increasing energy prices has been well documented and it remains to be seen how this will affect the housing market at large, but landlords and their tenants will likely be challenged in managing the costs over the period. 

How property investors respond will be interesting, so far we’ve seen landlords leveraging the busy remortgage year to capital raise to expand and improve their portfolio ahead of EPC changes. 

The timing of this has been fortunate as a lot of houses will now enter the winter more energy efficient, which will be a welcome relief to both landlords and tenants.

Demand is there

One thing that will remain true this winter and into next year is that there is high demand in the UK for high-quality, secure housing. This is perhaps even more true in the current environment and landlords need to feel supported to deliver that with the right products, but more importantly a reliable lender who can get those deals across the line. 

Reliability, service and people to be key 

Increasingly over the last month we’ve seen rates fall down the list of what a broker is considering in favour of conversations about service and assurances a lender can do the deal. 

Over the summer, investments in our operations team has seen more people brought in to process deals and this has kept our key SLAs at a 1-day turnaround time.

Experts on hand to support at every step of deals where landlords need to act quickly and decisively is essential, and will keep the market moving as investors look to continue improving their portfolios. 

See our Buy-to-Let SLAs, rates and find your local BDM here.