Seven in 10 portfolio landlords (70%) expect to remortgage or consolidate loans over the next 12 months, results of a webinar poll show.
It was also revealed that the majority of broker respondents (53%) had one to five portfolio landlord clients who would remortgage or consolidate loans in 2022.
Around 16% highlighted that they had over 10 portfolio landlord clients likely to remortgage or consolidate loans over the next 12 months.
The poll was conducted by intermediary-only specialist buy-to-let lender CHL Mortgages during a Lender Spotlight webinar session, held in conjunction with Knowledge Bank. The webinar focused on the specialist BTL lending marketplace and had over 100 brokers in virtual attendance.
Read more: The remortgage market awakening.
To the question of what percentage of landlord clients are considering opening limited companies for their BTL properties, almost a third of broker respondents (29%) said that more than 75% of their portfolio clients were considering the move.
“This potential will be driven by considerable numbers of five-year fixed rate deals maturing over the course of the year and the ball really is in the court of proactive advisers to make the most of these remortgage opportunities in what remains a highly competitive lending space and an uncertain interest rate environment.”