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According to figures from mortgage broker Private Finance, mortgage costs are still falling, though the interest rates rise in November contributed to a small rise in mortgage rates.
Landlords are being urged to seek independent advice to ensure they find the best mortgage deals and the best solutions for their particular situation.
Private Finance Director, Shaun Church, said: "With house prices on the rise, too large a loan can negate any savings made from low rates, so landlords need to consider all aspects of their mortgage."
Church continued: "There are particular challenges for portfolio landlords, classed by the Prudential Regulation Authority as those with four or more buy-to-let properties. These landlords now face much more stringent affordability tests and must demonstrate the profitability of their entire portfolio to be accepted for a loan."
In September 2017, new regulatory changes were introduced which have made it harder for portfolio landlords to secure a mortgage.
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