5 year fixed rate buy to let mortgage still most popular with landlords.
The 5 year fixed rate buy to let mortgage is still more popular with landlords than the 2 year option.
Although the 2 year fixed rate option offers a high level of flexibility, the 5 year deals, according to market research, continue to attract the majority of landlords.
The continuing uncertainty in the economy is likely to be the largest motivation here as landlords seek to future-proof themselves against further rate rises at the same time as taking advantage of today’s attractive offers.
Deciding which option would suit you best depends very much on your current circumstances and your business priorities. Chatting with an expert from Deal Direct can save you time, money and effort by helping you to choose the right option and obtain the most competitive rate.
Chat with us online now or call us on 0800 048 8828.
Please note that Deal direct 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 a property as an investment, you will need to contact an independent financial adviser.
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 a 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.