Rates to stay below 1% until 2018

Most landlords have borrowed heavily to purchase their buy-to-let property.  This means that mortgage charges are their biggest cost when it comes to financing their rental business dwarfing other costs such as insurance and maintenance.

Most landlords are rightly pretty obsessed with what is going to happen to the Base Rate.  Rates have been on the floor now for over 3 years and the latest predictions are that even a quarter percent rise to 0.75% will not happen until April 2014 at the earliest.  This gives landlords another year of record rental profits.  The projections are even pointing to the fact that the base rate will not get to 1% until 2018 at the earliest.  Unbelievable but fantastic if you are as I am with a large proportion of my mortgages on base rate trackers!

Have a look at what the experts are saying about interest rates.  A word of caution though.  Experts have been wrong before so bet your house on it...

Mortgage Finance - expert brokers