In a rapidly changing economic environment, landlords are in urgent need of enhanced guidance to make informed decisions. This assertion comes from Property Circle, the firm behind the UK’s first 24/7 client database monitoring platform.
Marc Randall, CEO of Property Circle, said: “Being a broker and landlord for the past twenty years, I’ve seen the rise of buy-to-let. However, in today’s uncertain climate, landlords have never needed more support and advice.
“It’s challenging for advisers to stay hands-on with their landlord clients due to variables like interest rates and property values shifting almost daily. Offering timely advice on when to buy, stick with properties, or sell is tough.”
He added: “From what I’ve seen, a mortgage broker with 500 clients would spend about 42 days manually reviewing every mortgage account. Although most individual buy-to-let landlords might not have such large portfolios, in this climate, every mortgage adviser or estate agent trying to keep up with multiple landlord clients might only manage a general overview.
“We need a system that constantly tracks each property in the portfolio, considering property value, equity, and the current mortgage against today’s market. Property Circle provides that solution.
“Our platform automates the process, giving advisers the information they need to advise clients effectively. When our platform finds opportunities, it verifies them and instantly flags the adviser to discuss with their clients.”
