LIBOR margins continue to fall

LIBOR continues to fall. Currently the 3 month sterling rate, the one used by many buy-to-let lenders stands at 3.88%. This is 0.88% above the base rate but given that recently it was 1.2%+ it shows that money market are very slowing returning to some sense of normality. However they still have a long way to go to hit the 0.1-0.15% that has been historically classed as normal.

Professional landlord rates on buy-to-let insurance

Falling LIBOR means that lending markets between banks are slowly freeing up and should make lending to landlords in theory more available. However, given the contraction in the economy and rising mortgage arrears buy-to-let lenders are unlikely to want to loosen their purse strings too much in the short term.