Buy-to-let has cheapened in the past three months

Ryan Bembridge

November 24, 2016

The typical cost of buy-to-let mortgages has fallen in the past three months according to Mortgage Brain data.

The cost of 80% loan-to-value 2-year fixes has come down by 4% to 3.34% while 60% LTV 5-year fixes are 2% cheaper. Typical 70% LTV 2-year trackers are also 3% cheaper.

Not everything cheapened up however, as 80% LTV 2-year trackers now cost 4% more than three months ago.

Mark Lofthouse, chief executive of Mortgage Brain, said: “The rise in costs for the three year Fixed and two year Tracker mortgages could be a sign that BTL lenders are starting to look at minimising risk amidst further Brexit uncertainty.

“There’s no doubt though that on the whole potential buy-to-let investors remain in a great position to take advantage of the low rates and cost reductions that we’re continuing to see.”

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