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According to the Moneyfacts website the average five year fixed was now just 3.96%, a drop of 0.49% over the past six months.
The average five-year fixed rate for a 60 % LTV on a BTL fell to just 3.48% .
Charlotte Nelson, from Moneyfacts.co.uk,
The average five-year fixed rate for a 60 % LTV on a BTL fell to just 3.48% .
Charlotte Nelson, from Moneyfacts.co.uk,
"All LTVs for five-year fixed rates have reached the lowest in the market this month.
Low rates may make BTL an attractive option, but borrowers should remember that a BTL investment is not without its risks, so it is important for any potential landlords to seek financial advice,”
Email:info@propertyhawkbtlmortgages.co.uk
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1 comment:
As with all of these headline rates, what about the fees ?
That soon increases the effective rate and of course, they are loaded up front.
When, if tenants want a long term tenancy for security, will mortgage companies offer landlords long term fixed rates - 15-25 years ? They can borrow the money at long term fixed so why not offer this to customers ?
Oh yes, the fees they earn!
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