Landlord profits wiped out as buy-to-let rates double
Surging costs will both deter investors from buying and push others to sell up
Stay updated with breaking news from Property Master. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Surging costs will both deter investors from buying and push others to sell up
Average buy-to-let (BTL) rates for some typical two-year fixed rate deals favoured by landlords have doubled since the start of the year, according to the latest data from Property Master. Property Master’s Mortgage Tracker, which follows 30 lenders, found that the average rate for a typical £160,000 BTL mortgage
One landlord's mortgage has increased five times in six months
Number of customers paying 'early repayment charges' has risen by 88pc as borrowers lock in at cheaper rates
Unwinding of Margaret Thatcher’s investor-friendly policy will stop banks from lending