2 year buy to let mortgages cheaper now than 3 months ago.

Compared to rates 3 months ago, the average 2 year fixed term buy to let mortgage, from a mainstream lender, may well be getting even cheaper. Market analysts point to a 4% drop in cost since August 2016, and up to an 11% drop since this time last year.  

The downward trend in mortgage rates, has been reflected in other buy to let products too.

For example, the average 5 year fixed rate for up to 60% LTV, appears to be up to 3% cheaper for landlords, than it was 6 months ago.

The average 5 year fix, for up to 70% LTV, could be available for up to 9% cheaper than it was 12 months ago.

The reverse seems to be true for other BTL mortgages, as some lenders have increased costs.

As buy to let mortgages offers increase in complexity, Deal Direct can help to successfully steer you through the maze, and come out the other side with a great deal.

We can furnish you with a full review of your circumstances, whilst listening carefully to your B2L mortgage needs.

Please be aware that we are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of property as an investment, you will need to contact and independent financial adviser.

Please note: 

Buy to let mortgage applications from:

• applicants whose intention is to benefit from house price growth
• applicants whose intention is to benefit from rental income
• applicants who are letting to buy

will be treated as normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.

To discuss your requirements in further detail, contact Deal Direct today.

Call one of our buy to let experts now on 0800 048 8828.