18/03/2020
Buy To Let Fixed Rate Mortgages...Are Getting Cheaper!
Online mortgage broker Property Master has revealed that the cost of "all" the Fixed Rate Buy To Let Mortgage categories it tracks are down year on year.
A typical 2 Year Fixed Rate mortgage of £150,000 at 75% LTV dropped by £25 per month year on year.
Whereas, a 65% LTV dropped by £19 per month.
A typical 5 Year Fixed Rate of £150,000 at 65% LTV experienced a drop of £48 per month.
This was the biggest year on year cost drop!
Both categories are at the lowest level they have been since Master began tracking rates.
Angus Stewart, chief executive at Property Master, shared his thoughts:
“Another fall in the cost of borrowing is very good news for ."
“With the current record low rates on offer these landlords should act quickly because if the “Boris bounce” becomes a reality it may allow interest rates to begin to rise back to more normal levels.”
So, if you want to act quickly and take advantage of these low fixed rates...
Then Red Stag can help!
From Bridging Loans and Development Finance to Commercial Mortgages and Buy To Let...
Our team has over 20 years experience in this industry!
We are here to help you!
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