Portfolio landlords could save £8,500 by remortgaging – or risk costs soaring by £23,000

Buy-to-let landlords with multiple properties could save thousands by taking advantage of this year’s lower mortgage rates, but failing to refinance could see them hit with a £23,000 bill.

hand holding virtual properties
Portfolio landlords could save £8,500 by remortgaging – or risk costs soaring by £23,000
(Image credit: phakphum patjangkata)

Portfolio landlords could save as much as £8,500 by remortgaging onto current lower buy-to-let rates, according to new analysis, but risk paying thousands extra if they don’t act.

Buy-to-let (BTL) property portfolio investors who fail to refinance to fix their mortgage could see their monthly mortgage costs climb by over £23,000, the research by specialist property finance expert, Rangewell, has found.

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Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites