Unprecedented fall in costs of fixed rate buy to let mortgages

Across the board, interest rates charged for buy to let fixed rate mortgages have reduced according to Property Master.

It reports that the biggest fall recorded over recent weeks is in 5-year fixed rate buy to let mortgages at 75% of property value.  The fall is resulting in savings of £36 per month for borrowers.

The UK market is still dominated by landlords who are reluctant to re-finance to lower their cost of borrowing, despite this becoming a more familiar process in the area of utilities thanks to comparison sites.

At a time when landlord costs are rising, there has never been a better time to reduce the costs of borrowing.  Given the continuing uncertainty in relation to Brexit, accessing a 5 year period at fixed low interest rates is also attractive to guard against interest rates rising as a result of Bank of England intervention to off-set inflation caused by price rises in consumer goods, food and fuel.