Buy to let mortgage rates are more competitive than ever.
The buy to let market grew by 25% in 2014, and growth is expected to continue in 2015 but at a slightly slower pace.
There are a record number of buy to let mortgage deals available from UK lenders, at present investment landlords have 817 products to choose from.
2 year fixed rate deals start from 2.44% and 3 year fixed rates from 2.89%. First time landlords may also be offered preferential rates to lock into a deal.
To discuss lenders’ best mortgage offers call us at Deal Direct on 0800 048 8828.
Fixed rate or tracker?
Fixed rates are a more popular mortgage type as they offer landlords a level of protection for the period they lock into. Current research show that fixed rate deals are offering slightly better value than their respective tracker counterparts. This is particularly the case at the lower LTV end of the market.
With interest rates likely to rise, more investment landlords who are looking to buy are comparing fixed rate options rather than trackers. Longer mortgage terms are also being considered.
If you are looking to invest in property in 2015, a call to us at Deal Direct can get you a competitive buy to let deal.
Our advisers can guide you through the mortgage maze and advise you on which deal best suits your needs.
* Please note that while we are fully qualified ‘whole of market’ mortgage brokers, we are not licensed by the FCA to offer financial advice. We cannot advise you on the suitability of property as an investment.
* Also note that not all buy to let mortgages are regulated by the FCA.
For a low rate buy to let mortgage call us on 0800 048 8828.
