Landlords have been hit with steep rises in the cost of buy to let fixed rate mortgages even before the Bank of England’s most recent base rate hike last week.
Data from online BTL mortgage broker Property Master shows that repayments on a typical two-year fixed rate mortgage for £160,000 with a Loan to Value of 60 per cent has increased by £103 since January of this year – with last week’s rise still to take effect.
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