Landlords able to access better costs on buy to let mortgages

With buy-to-let mortgage rates falling, many landlords are taking advantage.

Due to this, money lenders are lowering their own rates to attract clients.

If the landlord is working as a limited company then arrangement fees are being waived and lenders are taking on more of the costs for fixed rate mortgages.

Fixed rates fell for owners acting as a limited company in the beginning of 2018 (however 5 year fixed rates raised by .1%).

16 lenders have raised the amount of accessible products from 24% to $25%.

Limited companies are most likely to be given a high fixed rate.

For the fourth quarter in a row, buy-to-let mortgages that are arrangement free have grown- from 11% to 19%!

An arrangement fee of 0.3-5% is based on the loan amount, or instead there is a flat fee charged. These options are keeping owners interested in buy-to-let.