Buy-to-let mortgages top 1000

The number of available buy-to-let mortgage deals has hit 1000 for the first time since April 2008 according to Moneyfacts.

In April 2008 just before the financial crash there were 1,128 deals. This plummeted to 476 by August 2008.

There has been a slow recovery in mortgage products available with 460 in August 2013, 681 in August 2014 and today 1,011 buy-to-let mortgage products available. There has also been a considerable change in the mortgage rate since the credit crunch with the average variable mortgage rate dropping from 6.66% in April 2008 to 3.6% today. Fixed rates have also fallen from 6.48% to a lowly 3.8%.

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