December 2022


As a landlord in Portadown, you know the costs of owning a rental property can add up quickly. From mortgage payments to insurance and maintenance fees, it’s essential to plan and budget accordingly. In recent months, mortgage costs have risen significantly, leaving many landlords wondering how this will affect their bottom line. In this blog post, we’ll discuss the current trends in rising mortgage costs and what Portadown landlords need to know to stay ahead of the game. After Kwasi Kwarteng’s controversial mini-budget in September under Liz Truss’ short-lived reign as prime minister, some of the UK’s biggest lenders reacted by taking their deals – including buy-to-let mortgages – off the market.In the aftermath of the pound falling, the lenders pulled their products from the market to ensure prices were sustained with the level of inflation.This was also a play to ensure their own funds were secure and that, ultimately,…