Buy-to-let fixed rates have dropped to their lowest points since September 2022 and choice rose to a record high.
Read MoreLandlords finally get some goods news as buy-to-let rates drop
Tag: moneyfacts
New BTL mortgage deals for UK landlords
There are more fresh offerings in the UK’s buy to let mortgage sector as lenders roll out competitive products tailored for landlords.
Read MoreAverage mortgage rates below 5% for first time since Truss budget
The average two-year mortgage rate has dipped below 5% for the first time since former Prime Minister Liz Truss’s mini-budget in September 2022, figures show.
Read MoreBorrowers can save £255 a month by taking a 40-year mortgage term, Moneyfacts says
Mortgage borrowers can save £255 per month by opting for a 40-year mortgage term over a 25-year term, research shows.
Read MoreInterest rate cut ‘increasingly likely’ in August
Nationwide, Santander and Barclays are among a number of lenders to have cut prices and experts say this could be a signal of an impending interest rate cut.
Read MoreBuy-to-let mortgage rates fall: Which deals are lowest?
Buy-to-let mortgage options have become more abundant and typical rates for two-year deals have fallen below 5%.
Read MoreWhat next for mortgage rates – and how long should you fix for?
The lowest fixed rate mortgage deals remain at around 4 per cent – and there is an expectation that rates may fall slightly further but not by much.
Read MoreMortgage shelf-life plummets, and product choice dips too
The average shelf-life of a mortgage product has dropped to just 17 days, down from 30 days a month, according to Moneyfacts.
Average mortgage rates on the overall two- and five-year fixed rate deals fell month-on-month by 0.18% and 0.15% respectively, halting five consecutive months of rises. These rates are now at their lowest level since March 2024.
The overall average two- and five-year fixed rates fell between the start of July and the start of August, to 5.77% and 5.38% respectively. The average two-year fixed rate is 0.39% higher than the five-year equivalent. The two-year fixed rate has now been higher than the five-year equivalent since October 2022.
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