Seven out of 10 portfolio landlords (70%) are expecting to remortgage or consolidate loans over the next 12 months, new research from CHL Mortgages has indicated.

A webinar poll conducted by the specialist buy-to-let (BTL) lender showed that over half (53%) of broker respondents had one to five portfolio landlord clients who would remortgage or consolidate loans in 2022.

The responses emerged from a webinar session on the BTL lending marketplace, held in conjunction with Knowledge Bank, which had over 100 brokers in virtual attendance.

Another 16% highlighted that they had over 10 portfolio landlord clients likely to remortgage or consolidate loans over the next 12 months.

More polls were taken during the webinar around limited company activity and SPVs. When asked what percentage of landlord clients are considering opening limited companies for their BTL properties, around three in 10 brokers (29%) said that more than 75% of their portfolio clients were considering the move.

Focusing on SPVs and trading companies, 51% of brokers outlined that they have clients looking to house properties in a trading company instead of setting up an SPV, with 49% not believing this to be the case for landlords they are working with.

CHL Mortgages commercial director, Ross Turrell, commented: “We know how strong the BTL market has been from a purchase perspective in recent times and whilst we still expect sustained levels of activity from portfolio landlords when adding to their portfolios over the course of 2022, this data underlines the vast remortgage potential currently on offer.

“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.”

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