Landlords need greater support from advisers to navigate the best course through the current economic climate, according to UK property training and network provider Property Circle.
Property Circle’s platform aims to give advisers real information and time control to make portfolio performance and improvement recommendations to their clients.
Once the platform identifies opportunities, its algorithm validates and prioritises them and presents them to the adviser to follow up with their clients.
Marc Randall, CEO at Property Circle (pictured above), said: “Being a broker and landlord for the past 20 years, I have seen the rise of BTL but, in today’s uncertain climate, landlords have never needed more support and advice than now.”
He divulged that the best advisers were “hands on” with landlord clients but, with the market environment changing almost daily, it was difficult to accurately plan for the right time to buy or sell a property.
“From my own experience, I have calculated that it would take approximately 42 days for a mortgage broker with 500 clients to manually review every mortgage account they have,” claimed Marc.
“What is needed is a system that constantly monitors each and every property within the portfolio — looking at the property value relative to the equity and the current mortgage benchmarked against the current market offerings — every day.”
