Landlords 'might save money' through new company deal

19/08/2009

Britain's tenants and landlords alike stand to benefit from a new corporate link-up, it has been claimed.

The Money Centre, a brokerage with many landlord clients, and specialist website Smartlandlord.co.uk have announced that they will join forces.

Under the terms of the deal, the latter firm's products will be promoted through a new website, expanding the access of potentially money-saving services to landlords.

The agreement comes as the ongoing financial downturn puts landlords' finances under more pressure.

Recent data from the Council of Mortgage Lenders showed that almost 25,000 homeowners, including buy-to-let landlords, lost their properties over the first half of 2009.

The owners' falling behind on mortgage payments is the main reason behind the large majority of repossession cases.

Kesh Thukaram, managing director of Smartlandlord.co.uk, said, "The Money Centre is a key buy-to-let broker with [a] database of over 200,000 landlords who have utilised their services to source and arrange buy-to-let mortgage products.

"This collaboration will help us empower even more landlords to save money and reduce risks in managing their property portfolios."

Tags; Housing Debt and Bills, Credit Card Lifestyle, Recent Graduate Debt,

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