Landlords looking at what they should be doing with regards to their buy-to-let mortgages will be awaiting with interest the MPC's (Monetary Policy Committee) latest decision on the interest rate on Thursday. Most commentators expect base rates to remain unchanged at 0.5%. Indeed anything other than a holding of rates would cause shock waves through the market, so ingrained is the assumption that rates will stay low for the rest of the year.
Landlord insurance- would you buy a specialist product from a supermarket?
Some commentators have suggested that rates will start to rise early as next year.
However, other are less convinced.
The Express reports that low interest rates are here to stay, possibly to the end of 2010 which would be great news for me and many other landlords on tracker mortgages.
However, as we all know the good times wont last for ever.
At some time a switch to a fix or collar mortgage will be the way to go.
Remember Property Hawk will be watching the markets and the buy-to-let mortgage market to bring you the best products through our NO FEE Resident Broker.
For now lets hope everybody stays 'depressed' for a little longer.
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