ludlowthompson Mortgages: latest trends

The research from ludlowthompson Mortgages, which covers the third quarter, found that: 

• Average fixed rates fell to 4.88% from 5.06% in Q2.
• Variable rates edged up from 4.10% in Q2 to 4.40% in Q3 but remained more popular with buy-to-let investors.
• 60% of investors opted for variable rate mortgages in Q3, while 40% went for fixed rate products.
• Average loan to value (LTV) reached 72.60%, a substantial jump from Q2’s 67.30%.

Stephen Ludlow, Chairman of ludlowthompson, comments: "The buy-to-let mortgage market is showing strong signs of health.

ludlowthompson Mortgages currently has over 400 mortgage products available to buy-to-let investors.

The Top Ten most popular products at ludlowthompson Mortgages are:

• A two year 5.49% discount tracker with a loan to value up to 85% and a completion fee of 2.5%.
• A three year 6.19% discount tracker with a loan to value up to 85% and a completion fee of 2%.
• A 4.79% fixed rate mortgage with a loan to value up to 80% and a completion fee of 3.5%.
• A 4.69% two year discount tracker with a loan to value up to 80% and a completion fee of 2%.
• A two year 5.19% discount tracker with a loan to value up to 80% and a completion fee of 2%.
• A 3.74% two year discount tracker with a loan to value up to 75% and a completion fee of £1,999.
• A 3.25% fixed rate mortgage with a loan to value up to 75% and a completion fee of 3%.
• A 4.99% fixed rate mortgage with a loan to value up to 75% and a completion fee of 1%.
• A two year 4.25% discount tracker with a loan to value up to 70% and a completion fee of 0%.
• A 3.25% two year discount tracker with a loan to value up to 60% and a completion fee of £1,750.