Sharp drop in buy-to-let mortgage costs
- 12th July 2019
- Buy-To-Let Property News
Low mortgage rates making BTL as accessible as ever
New research reveals a sharp fall in buy-to-let mortgage costs, as the huge number of products available forces providers to slash rates. The biggest fall came for five-year fixed rate mortgages.
The decline in mortgage rates has made it cheaper than ever for landlords to add to their portfolio. Whilst at the same time the supply and demand imbalance means investors are also able to improve their initial yields on new BTL investments.
Property has often been seen as a safer option by investors – especially during times of broader market volatility.
Whilst it’s true some lenders have exited the market, others are continuing to expand their range of products. Lower cost mortgages now available, also open the door to an increasing number of individuals who have previously not had access to the buy-to-let market.
Stephen Ludlow, Chairman at ludlowthompson, says: “Lower mortgage rates mean lower monthly payments and a greater margin between your rental income and your costs – as a landlord that’s great news for BTL.”
“The intense competition between mortgage providers has created unprecedented opportunities for investors.”
If you are looking for a buy-to-let investment in London or already have a property you want to let out, please contact Chris Lockley at Jigsaw Mortgages here or speak to a local expert by finding your local office here.
Here is a selection of Google Reviews from recent happy customers of ludlowthompson:
Katherine Farrell via google reviews:
“Fabian and team really helped me when I needed to rent out my property ASAP. They were the best team in the area that I worked with. All members that came to my flat to show potential tenants around were really good. Since renting my property, Ludlow have looked after it really well and I'm very happy with the service and would recommend them to anyone else looking to rent out their property.”
Melyssa Le via google reviews:
“My husband and I had an absolute pleasure dealing with Fabio and Emma, who were not only friendly and helpful, but also patient and professional. Ludlow Thompson Bow has helped us finding our dream flat and we’re currently going through the process of buying. We cannot recommended both agents high enough.”
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period, we ranked number 1 agent in the UK on allAgents out of 15,000+ agents, with 5300+ 5* reviews.
"Lower mortgage rates mean lower monthly payments and a greater margin between your rental income and your costs – as a landlord that’s great news for BTL.”
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