What is a Property Portfolio Review, and why should landlords prioritise having one? Read our top five reasons property investors need a Property Portfolio Review.
What is a Property Portfolio Review?
Simply put, a Property Portfolio Review is a vital health check for your property investments and finances. Reviewing your current mortgage products is an excellent opportunity to see if you can improve your cashflow and rental profits with a new rate.
How does a Property Portfolio Review work?
Firstly, request a free portfolio review spreadsheet from us, complete and return it to enquiry@mfbrokers.co.uk. Your broker will review it and take the time to discuss what you’re hoping to achieve with your property finance plans, whether that’s to fund further investments or reduce your monthly repayments.
Whatever your goals, there are many reasons why having an expert broker assess your current portfolio may benefit you. So, whether you have four or 100+ investment properties, here are the top five reasons to complete a property portfolio review:
1. See where you could be saving money
One of the main advantages of conducting a Property Portfolio Review is identifying ways to save you money. For example, it may be more cost-effective to consolidate your debts with a portfolio loan instead of having multiple mortgage products with different lenders. A portfolio review reassures you that your property finances are in order and allows you to plan to ensure your portfolio continues performing to its full potential.
2. Capital raise for further investments
If you want to expand your current property portfolio, a review will identify how to fund these new investments. For example, you may have an equity-rich property that you can leverage to fund a new purchase. Rather than using cash savings, many landlords prefer building up sufficient equity in their properties to diversify and expand their property investment portfolios.
3. Fix more competitive mortgage rates
A whole-of-market broker like MFB can search all available products to find the right deal for your circumstances. Choosing to complete a Property Portfolio Review means your broker can check whether each of your current mortgage rates is still the best deal for you to be on. This is especially useful if you’ve got an upcoming remortgage.
If you are on a tracker or variable deal, your broker may be able to secure you a more competitive fixed-rate product that reduces your monthly repayments significantly.
Don’t forget that your broker may be able to secure you a rate up to six months in advance, meaning you benefit from today’s pricing and mitigate any unexpected future rate rises. Most (although not all) lenders will allow you to switch to a cheaper product should one become available before you complete.
4. Restructure your portfolio for possible tax savings
A Portfolio Review helps to ensure you have the most cost-efficient portfolio possible for your circumstances. By liaising with our expert mortgage makers and a professional tax advisor, you may be able to alter the ownership structure of your property portfolio to make it more tax-efficient.
For example, you might be able to reduce your tax bill by setting up a Limited Company for future property investments or incorporating your existing properties. Some landlords benefit from paying corporation tax instead of higher-rate income tax by investing through a Limited Company. However, many factors will impact whether this is the best investment route for your portfolio.
Please seek professional tax advice before making any property investment decisions.
5. Invaluable advice from an expert broker
Finally, the most important reason to have a Property Portfolio Review is the invaluable advice you receive from your broker. Their experience and expert insight into the mortgage market will help you find innovative ways to improve your portfolio and maximise your profits.
Your broker’s expertise will help save you time and money on your property investments. There’s no one-size-fits-all when it comes to property finance, so a Property Portfolio Review is an excellent opportunity for your broker to identify where you could be saving and the best property finance plans for funding future investments.
With a whole-of-market broker, you can be confident that you’re securing the best new rate for your portfolio, as we can search all deals available to you. Your broker can also cost-up whether it’s best for you to take a fixed or variable mortgage product, or even purchase using a Limited Company or in your personal name.
The tailored advice and support you can access from completing a Property Portfolio Review will be invaluable to your property finance plans. It will give you confidence going forward and allow your broker to thoroughly understand your needs and background portfolio.
To start your FREE Property Portfolio Review, email us for the form at enquiry@mfbrokers.co.uk.
Start my free property portfolio review!
What next?
For free, we will compare the available product transfer and remortgage deals on the market that you are eligible for to find you the best option. Get in touch today to see what mortgage rates you could access by calling 0345 345 6788 or submitting an enquiry here.
