Buy to Let rates continue to fall
Latest figures have shown that the cost of borrowing for Buy to Let landlords has fallen. This is especially apparent for fixed term mortgages with the biggest month-on-month falls being for 5 year fixed rate deals*. This downward trend for Buy to Let rates is believed to be due to increased competition between lenders for new business.
What does this mean for Landlords
Adam Nanson from Your Mortgage Expert comments:
“It’s been a tough environment for Buy to Let Landlords over the last few years. The Tax Relief on Mortgage Interest will be finally phased out this year and there have also been changes to Capital Gains tax for second home owners. Added to this, Landlords have to meet new Energy Efficiency Standards. I would imagine, therefore, that a fall in rates for Buy to Let mortgages will be very much welcomed by the Landlord Community.
“Interestingly, reports also indicate that 1 in 5 landlords are intending to invest in at least one Buy to Let properties in 2019. Further indicating that Landlords are feeling more optimistic about the market**.”
How can Your Mortgage Expert help
Adam Nanson continues:
“We have experience of working with landlords who have one or two properties, to those with small to large and complex portfolios, either in personal names or under Limited Company ownership.
“At Your Mortgage Expert, we understand that arranging mortgages for a portfolio of properties can get complicated. But our expert knowledge in the area can help you overcome some of the problems landlords have encountered in the past.
“Our extensive access to mortgage deals from across the market, means we can arrange mortgage deals which are not available directly.”
To find out how Your Mortgage Expert can help you maximise the growth from your investment, contact Adam on 01722 322683. We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section.
The information contained within this article was correct at the time of publication. It is intended for information only and should not be used as a basis for purchasing any products. TenetLime cannot be held responsible for information that was correct at the time but subsequently changes or goes out of date due to changes in legistation. For further information, contact Your Mortgage Expert on 01722 322683.
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