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What should property investors do now?

This week is a tricky one for the mortgage world, but it’s really important to remember that these things are all temporary. There have been plenty of similar situations over the years and we have forgotten about many of them!

What do you need to remember as an investor?

* You’re in this for the long term, so a small price correction (which is likely) shouldn’t affect your long-term goals. Plan when you’ll need to refinance around this though, short fixed rates may not be the preferred option.

* Cash flow is the most important factor! Price all your deals with a high-stress rate (I would use at least 8% at the moment) and make sure it works at that price. Be careful with single-let properties; blocks of flats, mixed-use, HMOs, and holiday lets will increase your cash flow.

* Bridging hasn’t changed (for now!) so there are plenty of opportunities to pick up properties within broken chains or situations where people need to sell. Where there is uncertainty there is opportunity. Just watch out for your exit (and remember a good broker will be all over this, question them if they aren’t!)

* Don’t panic! This is one week, as long as your ROI is good then you’ll be fine!