Michael Houghton: 'We became accidental landlords six years ago. The whole system has started to make less sense, but our strategy remains simple'

"With three growing children, we had outgrown our three-bed semi-d and were looking to buy a larger house. However, we didn't want to do the typical thing of selling our house first and then needing to rush to buy a new home. We managed to find one lender who was able to refinance our current house and allow us to release equity rather than sell to move."

A couple became accidental landlords in 2020 when they needed to move to a larger home for their growing family. Rather than selling their three-bedroom semi-detached house through the traditional process, they pursued an alternative strategy. They refinanced their existing property with a lender willing to release equity, allowing them to purchase a new home without the pressure of selling first. This approach enabled them to retain their original property as a rental investment while securing their larger family residence, demonstrating how creative financing solutions can create investment opportunities.

Read at Independent