Tenant demand picked up in the latest RICS UK Residential Market Survey published in July 2026. The June survey reported a +18% net balance for tenant demand, the strongest reading since May 2025, while new landlord instructions remained negative at -18%. RICS also expected rents to rise by around 2.5% over the next 12 months.
A net balance is a survey measure, not a count of tenants or properties. For Essex buy-to-let landlords, stronger demand does not automatically mean refinancing is suitable, affordable or straightforward. If your deal is ending, review your rent, costs, cover and paperwork before applying for a new buy-to-let mortgage.
Check your rental income carefully
ONS data shows private rents in the East of England rose by 3.6% in the 12 months to May 2026. In Chelmsford, average monthly private rent reached £1,445 in May 2026, up 6.2% from May 2025.
Even so, lenders do not usually rely on headline rent growth alone. They may consider expected rental income, personal income, property value, deposit, credit position, property type and affordability.
| Area to review | What to check | Why it matters |
|---|---|---|
| Rent | Current rent, market rent and review process | Avoid relying on an unrealistic figure |
| Costs | Agent fees, repairs, insurance, tax, service charges and voids | Shows whether cash flow works |
| Mortgage | End date, early repayment charge, fees and total repayable | Helps compare options |
| Records | Tenancy agreement, rent evidence, bank statements and proof of income | Lenders may ask for evidence |
If you are unsure about rent rules, tax treatment or tenancy law, speak to an appropriately qualified legal or tax adviser.
Review your mortgage costs
A refinance can involve more than choosing a new rate. You may need to consider arrangement fees, valuation costs, legal work, early repayment charges and the total amount repayable.
Check whether your current lender offers a product transfer. It may be simpler in some cases, but it will not always be the most suitable route. A remortgage review may help you compare available options.
A mortgage adviser in Essex can explain the options available through their service. You can also read about wider mortgage advice and why use a mortgage broker.
Check your landlord insurance
If your rent, property value or tenancy arrangements have changed, review your landlords insurance before renewal.
A standard home insurance policy may not be suitable for a rental property. Check buildings cover, landlord contents, legal expenses, loss of rent, accidental damage and liability cover. Read exclusions around vacant periods, maintenance, tenant type and unoccupied property conditions.
Keep documents ready
Lenders may ask for tenancy agreements, rent evidence, bank statements, proof of income and property details. If legal work is needed, understanding the conveyancing process may help you plan.
For unfamiliar terms, use the mortgage jargon buster before making decisions.
FAQs
Is tenant demand rising?
The latest RICS survey reported a pickup in tenant demand, but it also described rental supply as constrained.
Does higher rent make refinancing easier?
It may support some applications, but lenders still apply affordability, rental coverage and product criteria.
Should I increase rent before refinancing?
Not automatically. Any increase should be lawful, reasonable and properly documented.
Should I review landlord insurance at the same time?
Yes. Refinancing and insurance renewal are useful points to check whether your cover still reflects the property and tenancy.
Can Alexandra Hamilton help?
You can complete a mortgage enquiry or contact Alexandra Hamilton to discuss your circumstances. Any recommendation would depend on your needs, affordability and available products.
Important information
Your property may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The precise amount will depend upon your circumstances and will be agreed with you before proceeding, but we estimate this to be £995.
The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages.
