Finance website Moneyfacts says buy-to-let mortgage rates continue to fall despite Bank of England moves to dampen marketBuy-to-let landlords are continuing to benefit from falling mortgage rates,according to novel data, despite policymakers saying they are keeping a close eye on the hastily-growing sector.
Data from finance website Moneyfacts shows that the average rate on a two-year fixed rate buy-to-let (BTL) mortgage has fallen from 5.21% in 2011 to 3.32% now, or rates on five-year fixed rates are down from 6.24% from 4% over the same period.
Continue reading...
Source: theguardian.com