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Landlords looking for cheap mortgages

Date: Thu, 16 Jun 2005

Many landlords are hoping to shop around to get better mortgage deals.

According to research conducted for the Property Investor and Homebuyer Show North, a total of 78.5 per cent of professional property investors are considering changing mortgage provider over the next 12 months to benefit from lower rates and more competitive deals.

"Property investors always want to see their money working hard for them and are now more willing than ever to shop around to negotiate the best deal possible for their mortgage," said managing director of the of the Property Investor and Homebuyer Show North, Nick Clark

"With interest rates historically low and likely to decrease further in the next few months, we are expecting to see many more homeowners and property investors remortgaging to take advantage of competitive deals."

In addition, eight out of ten investors also revealed that any money made from remortgage will be invested in new properties.

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