5 Year fixed at 5.99% might not stay around for long

For buy to let mortgages there is still less movement in rates. The same level of competition isn't there and that will have a major impact of what rates are available.

Let me explain.

Last week BM Solutions tested the market with a 5 year fixed rate to see what uptake it would have. Now as they are the major buy to let lender at 75% loan to value they will have realised pretty quickly how popular this rate is to property investors and lenders.

If it gets too popular then the product will get pulled and more than likely a more expensive one released in its place.

Well watch this space very carefully (and I mean within the next couple of days) because I doubt the 5 year will be around for very long. Its seems many of you are prepared to take the risk and fix now at 5.99% rather than waiting around for a lower long term fix.

If you're on the standard variable rate with your current lender then give Pete or Gary a call NOW. 01424 205 373

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