It's not surprising that with interest rates at a record low, mortgage providers are feeling the competition

Consequently many lenders have begun to reduce buy-to-let mortgage rates in an effort to tempt BTL landlords their way.Personal finance data experts Moneyfacts has revealed that currently there are 1,457 buy-to-let mortgage products available - a considerable increase on previous years. Rachel Springall, a finance expert at Moneyfacts says: "The buy-to-let market is booming. With over 100 more deals available compared to a year ago and the average fixed rate on buy-to-let falling from 3.65% to 3.34% in 12 months, it's easy to see how lenders have an appetite for new business." Perennially popular London mews properties make great buy-to-let investments. If you are looking for a property investment in the capital, why not give Lurot Brand a call? We have offices in Hyde Park, Notting Hill and South Kensington.

With interest rates at a record low level, competition among mortgage providers, somewhat unsurprisingly, continues to hot up, with lenders shaving percentage points off their buy-to-let mortgage rates in an effort to entice BTL landlords acquiring new properties through their doors.

Website URL: https://www.estateagenttoday.co.uk/features/2017/2/buy-to-let-mortgages-what-opportunities-and-challenges-lie-ahead

Newsletter

Join over 1200 others and get regular updates on mews

Highlighted fields are Required