propertytalk Live! - Landlords urged to plan for rise in interest rates
Thousands of landlords could struggle to keep up with mortgage payments once interest rates return to more normal levels.
The warning comes from Landlord Assist,who is urging landlords to prepare for a rise in interest rates over the forthcoming year.
Their concerns echo other commentators in the sector who are worried that landlords are not taking into account the likelihood of a possible rise.
Currently landlords are enjoying a buoyant rental sector. Interest rates remain low, meaning landlords have enjoyed relatively low mortgage repayments, and rents are at an almost record high, providing a very cash positive situation for those who have invested in property.
But the rosy outlook could all change when the cost of borrowing starts to rise.
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