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Average buy-to-let fixed-rate deals fall by up to 50 basis points

Average buy-to-let fixed rates have fallen by up to 50 basis points over the past year, according to

Data shows the average buy-to-let two-year fixed rate has fallen from 3.94 per cent a year ago to 3.45 per cent now. Two years ago the average was 4.44 per cent.

The average five-year fixed rate has fallen from 4.65 per cent a year ago to 4.25 per cent. Two years ago the average was 4.67 per cent.

There are now 83 two-year fixed rates below 3 per cent, compared to just 16 a year ago, while there are 143 five-year fixes below 5 per cent, compared to 55 a year ago. finance expert Charlotte Nelson says: “Buy-to-let mortgages are experiencing a renaissance, becoming not only more widely available but cheaper.

“With more five-year fixed-rate deals charging below 5 per cent than ever, it is little wonder that the newly emancipated pensioners are genuinely considering buy-to-let as a retirement option.

“But those looking at this route as an alternative to a pension need to look at all aspects of the mortgage. Many lenders restrict the age they can borrow up to, so older borrowers would be wise to seek the guidance of a financial adviser.

“With easy savings to be made, you are now likely to be recouping more in rent, which will allow a bigger return on an investment.”



NACFB and Hitachi in pilot for commercial apprenticeships

The National Association of Commercial Finance Brokers is piloting its first-ever apprenticeship scheme in collaboration with Hitachi Capital Business Finance. In the first year, only one candidate will pass through the scheme, although more may be put through training once the pilot has completed. HCBF will cover the cost of the training, which will include […]


Cover story: Who knows best?

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Caption Competition – 29 April 2015

Can you put the boot into your nearest and dearest to win a delicious box of Hotel Chocolat milk chocolates? Submit a witty caption for the photo above and you will be automatically entered into our prize draw. Remember, the funnier it is, the more likely you are to win. What are you waiting for? […]


Mortgage Mole: Down the pan

Down the pan Overall, Mole thinks housing minister Brandon Lewis is a fairly decent chap who has not spouted the claptrap that some of his predecessors did. Being housing minister is not an easy job, either, given the relative power of the role and the mammoth number of hurdles in the way of housebuilding. So […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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