One thing which is taking place within the UK housing market so far is not much of a surprise to many close to the street. Remortgage so far has been strong and the pace looks to continue from the words of many experts. Although, due to recent regulations and changes to the taxation process, many buy to let landlords will be facing a challenging time when remortgage day comes about.

Borrowers in some instances are simply finding deals just out of reach for approval, according to recent data. This is the experience of many even though lenders are doing what they can to drop interest rates on several remortgage packages.

Some lenders are slashing rates on fixed deals and tracker deals whilst expanding the total number of deals available and even throwing in no cost valuations along with no legal fees.

Remortgages are not only assisting homeowners looking to save great deals of money off the cost of their monthly mortgage payment. Significant numbers of landlords are looking to take advantage of the same. So far, they are not making comparable strides in the number of approvals which are taking place.

Paul Wootton, managing director of TMW, commented on the advantage of a remortgage for landlords, saying: “This is designed to support landlords looking to plan and balance their costs and maintain a positive cash flow.”

According to experts close to the buy to let sector, landlords will likely be facing uphill struggles during the year 2017. New loan regulations pertaining to affordability are expected to create more hurdles to overcome.