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Moneyfacts: B2L going through ‘renaissance’ as rates tumble

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 now. 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, too.

“With more five-year fixed rate deals charging below 5 per cent than ever before, 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 will borrow up to, so older borrowers would be wise to seek the guidance of a financial adviser who can access a larger portion of market.

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



James Prosser’s top tips for getting the most out of mortgage expos

In a busy market, taking time out from the office can seem like a luxury you can ill-afford. However, it is perhaps never been more important to attend events, network with lenders/providers/peers, listen to experts, learn new business tactics, and essentially take in a wealth of knowledge about the current state of the market and […]


Next govt ‘must fix housing crisis’

Council of Mortgage Lenders chairman Moray McDonald has urged the next government to sort out the housing crisis “once and for all”. Speaking last week at the trade body’s annual lunch in London, McDonald, head of personal and business banking products at Royal Bank of Scotland, called for the major parties to agree on a […]


Letters: Housing manifestos could do so much more

Star letter: Housing manifestos could do so much more The general election is focusing on property this week and we are seeing commitments about shared ownership and Help to Buy to dovetail with the Budget announcements on new deposit Isas for first-time buyers. As ever, I am left feeling: “That’s great, but what more could be […]

TSB store front 700 x 450

TSB pilots buy-to-let proposition through L&C ahead of wider rollout

TSB is piloting its buy-to-let proposition with London & Country ahead of a wider rollout later this year. However, the lender says it has not yet decided when it will extend the distribution of its buy-to-let range. TSB intermediary director Roland McCormack says: “We’re piloting our buy-to-let mortgages through London & Country. The team there […]


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  • iblameblair 21st April 2015 at 10:19 pm

    Socially this is of good news

    According to recent research by 2050 it is likely that 50% of UK housing will be private sector rented