Property Hawk the landlord's homepage since 2006
Free Tenancy Agreement FREE tenancy agreement
Free Landlord Software FREE landlord software
Home | Property Manager | Free ASTs | Landlord Forms | Mortgages | Insurance | Inventory | Magazine | Landlords Bible | Directory | Forum | Training | News / Blog |

Wednesday, September 28, 2016

Rates for 5 yr fixed BTLs hit low

The average five-year fixed rate for a 75% LTV on a BTL mortgage has hit its lowest ever rate.

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, 

"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,”
Tel: 029 2069 5446
Your home may be repossessed if you do not keep up repayments on your mortgages.  

The Financial Services Authority does not regulate some forms of mortgage.

1 comment:

Anonymous said...

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!