Thu, 16 Nov 2023 | BTL mortgages
Recent months have witnessed a noteworthy shift in the buy-to-let (BTL) mortgage landscape. Fixed rates have experienced a gradual decline, contrasting with the upward trajectory observed in variable rates.
This volatility can be attributed to the Bank of England's base rate fluctuations, currently resting at 5.25%. Since December 2021, it has undergone several increments until August 2023, impacting mortgage rates accordingly.
Will Buy-to-Let Mortgage Rates Get Cheaper?
The future trajectory of BTL rates remains uncertain, contingent on the unpredictable nature of the market. While the base rate might have peaked, further adjustments are not entirely ruled out. Consequently, landlords should anticipate fluctuations in mortgage rates, influenced by the base rate's movements.
Best Rates and Options
Landlords currently have approximately 2,300 BTL mortgage deals at their disposal, including smaller deposit options up to 85% loan-to-value (LTV). While average rates provide a general market overview, it's crucial to secure the best deal tailored to your specific needs. We recommend consulting with our independent financial advisor for personalised guidance.
To arrange a free meeting, just reply to this email with a suitable time for us to give you a call.
Seize the Opportunity
As the market continues to evolve, now is the time to ensure you have the most advantageous mortgage deal in place. Our team is ready to assist you in navigating these dynamics and securing the best possible terms.
Contact your property manager or local office today to discuss your unique situation and explore your mortgage options.