Property News · April 12, 2016

Buy-to-let landlords keep benefiting from cheaper mortgages


Finance website Moneyfacts says buy-to-let mortgage rates continue to fall despite Bank of England moves to dampen marketBuy-to-let landlords are continuing to benefit from falling mortgage rates, according to new data, despite policymakers saying they are keeping a close eye on the fast-growing sector.Data from finance website Moneyfacts shows that the average rate on a two-year fixed rate buy-to-let (BTL) mortgage has fallen from 5.21% in 2011 to 3.32% now, and rates on five-year fixed rates are down from 6.24% from 4% over the same period. Continue reading…

Source : theguardian.com
Read more…Buy-to-let landlords keep benefiting from cheaper mortgages

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