It’s good news for landlords or customers looking to dip their feet into the buy-to-let world this year. The fixed rate for buy to lets has fallen to it’s lowest since September 2022 on average!
What does this mean for future buy-to-let mortgages?
Well, it offers consumers more choice of product, availability is currently up by approximately 250 in comparison to six months ago. This also means that there are more 5 and 2 year fixed rate mortgages available compared to 6 months ago.
Rental growth is consistently growing year on year, admittedly at a slower rate than previously but the consistent rise is still promising for prospective buy-to-let mortgage customers.
To find out more and see whether buy to let is a good option for you call us on 0800 975 0222 or email themortgagedesk@gmail.com