The Property Podcast ASK368: Do I have too many mortgages? PLUS: Help me with insurance
Feb 21, 2023
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Lender Limits on Mortgages
- Most lenders have limits on the number of mortgages they'll provide to an individual.
- HSBC, for instance, won't deal with 'portfolio landlords,' or those with too many mortgages.
Use a Mortgage Broker
- Use a mortgage broker, especially as your property portfolio grows.
- They understand lender criteria and can save you time and money.
Insurance Company Choice
- Using the same insurance company for all properties simplifies management.
- Consider aligning renewal dates for further ease.