In line with latest Government’s guidelines on home moving, the housing market remains open, and all our offices in England, Scotland and Wales continue to operate. Health and safety remains our main priority, and we continue to follow a number of strict measures to protect our customers and staff. More information

Buy-to-let mortgage rates falling, says broker

Buy-to-let mortgage rates falling, says broker

Buy-to-let mortgages are getting cheaper, with a drop in average rates of 0.33% in the second quarter of this year.

 Mortgage broker TBMC said that the average fixed rate was 4.15%, down from 4.48% in the first quarter, while the average variable rate was 4.35%, down from 4.68%.

 TBMC also said that there are now more buy-to-let deals at 75% loan to value and above, allowing landlords to take out bigger loans on the properties, although only one lender – Kent Reliance – offers 85% mortgages for buy-to-let borrowers.