Home  London Property News  Landlords take pick from record number of mortgage deals

Landlords take pick from record number of mortgage deals

Reading Time: 1 Min Read

buy-to-let mortgages flood the marketA record number of 817 buy-to-let mortgage products are now on offer to UK landlords, with the cheapest rates and lowest fees reserved for low loan to value ratios.

The latest Buy to Let Mortgage Costs Indexreveals the number of buy-to-let mortgages on offer from lenders is up 16% quarter on quarter.

The research suggests that fixed rate mortgages are proving to be better value than their respective tracker counterparts, particularly for lower loan to value borrowers. Low LTV mortgages now outperform their tracker equivalents at two, three and five-year periods.

This reflects the increasing popularity of longer term mortgages, with the proportion of landlords choosing five year mortgages rising from 15% in the second quarter of 2014 to 18% in the fourth quarter.

The data also shows that the value of the buy-to-let market grew by almost a quarter during 2014, and with the pensions annuity reforms set to kick in in April this year there could be a further surge in buy-to-let activity over the next 12 months.

For in-depth analysis about mortgage rates click on the link below:

Property Wire

 

Neil Jennings

Neil background is in marketing and business development and has over 20 years experience in the field. He runs Asset Grove and is involved in the marketing strategy for most of our campaigns.

Related Post

When should I change the locks on my buy-to-let property?
Updates: 4 Mins Read
When should I change the locks on my buy-to-let property?

Should landlords change the locks at the end of a tenancy? Is it a good idea for landlords to change the locks between tenancies? Read this article to get some advice on when to change the locks on your buy-to-let property.

Citizens Advice warns about deposit replacement schemes
Updates: 2 Mins Read
Citizens Advice warns about deposit replacement schemes

Citizens Advice is alerting tenants to the drawbacks of using deposit replacement products instead of a government-backed scheme.

How to work out your property’s rental yield
Updates: 4 Mins Read
How to work out your property’s rental yield

How landlords in London who let their investment properties to families can generate an annual yield of over 4.5%