Mortgage rates fall as SWAPS in decline

Landlords biggest worry has always been rising interest rates and the resulting increased mortgage costs.  The good news is that SWAP rates which are often used as a predictator of a rise in fixed rate borrowing costs have been on the decline over recent months as markets have factored in a faltering economic UK recovery and a potential euro break up.

Mortgage Rates

The result is that short term buy-to-let mortgage rates have fallen back resulting in the emergence of some attractive 2 and 3 year rates over the last few months.  For example the 3.25% 2 year discount mortgage being offered by the Rugby Building Society.


Interest Rate Rise Recedes

The latest predictions from the money markets predict that interest rates may not rise until early 2016.  This is great news for many landlords concerned that an imminent rise in rates would bring about a dramatic increase in mortgage costs.

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