Andy Young the Chief Executive of TBMC comments on the trend for landlords taking out variable rate BTL mortgages -
“Continuing the trend since the beginning of 2011, the last quarter saw a further increase in the proportion of buy-to-let applications for variable rate products. This reflects the weight of expert opinion that Bank of England base rate will remain low for some considerable time, certainly well into 2012. In quarter three 62% of applications received by TBMC were for variable rates with just 38% for fixed rate mortgages.”
Free property management software, Free tenancy agreements
Sunday, November 13, 2011
Growing demand for variable rates
Labels:
btl mortgage,
btl mortgage broker
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment