With Interest rates at an historic low you may be benefiting from low mortgage payments and surplus rents. Whilst this is good in the short term, it's important to understand how future interest changes may impact your portfolio so you can ensure your business model is sustainable in the long term.
To see how a future interest rate rise could affect your monthly mortgage payments, use our Rate rise calculator. Simply enter some basic details about your mortgage to see how your payments could be affected by a range of potential future rate rises.
To understand the maximum interest rate your property or portfolio could sustain based on your current rent and costs, use this Landlord budget planner. This requires you to identify the basic income and outgoings associated with your investment property and will help you identify when any changes in the interest rate may cause you issues in the future.
Please note – these calculations are based on an 'interest only' mortgage. If you have a Repayment mortgage you will need to factor in the additional capital that you have committed to paying off your mortgage each month.
If your rental income is under pressure and you are worried about making your monthly mortgage payments in the future, then you are not alone. We want to try and help, so that’s why we have introduced a Customer Review service for landlords. Our team of experts are at the end of the line, ready to discuss your situation, offer information and support or put you in touch with other independent organisations who could help. To review your mortgage, simply contact us and ask about this service.