Buy-to-let market is booming, says Moneyfacts
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.