Repayments on a typical buy-to-let (BTL) mortgage have already increased by over £100 this year, before last week’s rise in interest rate is taken into account.
Figures from online BTL broker Property Master says this this buy-to-let mortgage tracker shows there has been a “relentless climb” in the cost of BTL mortgages, with repayments on a typically £160,000 two-year fixed rate BTL loan (at 60% LTV) increasing by £103 since January.
Property Master chief executive Angus Stewart says this BTLt mortgage tracker shows the “relentless climb” in the cost of these mortgages. “This increase was before the Bank of England increased the base rate for the fourth time in a row.
Click on this link to read the rest of this article.