Average rates for products in the buy-to-let (BTL) sector are increasing, shows data from Moneyfacts.
The firm has issued a report showing that, on a monthly basis, the average rate for a two-year fix at all LTVs rose from 3.22% to 3.41%, while for a five-year fix at all LTVs, the average rate moved up from 3.42% to 3.56%.
However, at 85% LTV, the average rate for a two-year fix ticked up only slightly, by 1 basis point to 4.80%, and the average rate for a five-year fix in this category pushed up by 2 basis points, to 4.93%.
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