Did you know that buy to let mortgage rates are currently at a new record low?
According to Moneyfacts, September has seen the largest monthly decline in the average mortgage rate for over 15 months. With the average price of a two-year fixed rate dropping by 0.14% and five-year rates by 0.12%.
If you’re in the market for a new buy to let investment right now, your timing is fortuitous. Individual investors can expect 60% LTV rates starting from 1.14% and 75% LTV from 1.35%. For limited company investors, 75% LTV starts from 2.59%. Rates are also incredible if you’re investing in HMOs and Multi-Units.
But how much longer will these incredible interest rates last?
Who can say with any certainty if these low rates will continue, given the current price inflation concerns surrounding the economy. Remember mortgage offers are valid for 3 – 6 months so do not delay.
Speak to us to learn about the options available
If you’re in the market for a new buy to let investment, your timing is pretty much perfect. Call us today to find out what your options are, and let’s get something secured.
Not looking to purchase, but have a remortgage coming up in the next six months? We could secure a new, incredibly low-interest rate now and not complete until April 2022!
If you’d like to discuss how we can support you, call our senior broker, Danny O’Keeffe on 0208 364 3444 or click the schedule a call button below to book a time slot.