Better than expected
By Robert Sinclair, Chief Executive, AMI
AMI’s Chief Executive, Robert Sinclair, tells us about the flourishing private rental sector and reminds us about the importance of letting customers know about their remortgage and product transfer options.
Brokers play a key role in ensuring customers never default onto SVR and that “simple product transfer is properly compared with the gains to be made from a potential remortgage”.
Whilst the wider impacts of Covid on employment and the economy were expected to dampen demand in the rental sector, rents appear to be stable in many parts of the country and increasing in others. The length of tenancies is also increasing with the average stay in a property now well past two years. All of this is creating a more stable market where good landlords and quality tenants benefit from each other. Good advice and getting the right product from the right lender has never been more important, with landlords more than ever needing good brokers to support their businesses.
