The cost of typical buy-to-let fixed rate mortgages popular with landlords has seen the largest ever month-on-month increase this year, the latest research by online buy-to-let mortgage broker Property Master has revealed.
Compared with last month, a typical five-year fixed rate buy-to-let mortgage with an LTV of 60% for £160,000 increased from 2.80% to 3.24%, up 0.44%, or an increase in monthly cost from £388 to £447. Landlords are now paying up to £59 more per month, including fees. This is an increase of £174 per month since the start of the year.
Click on this link to read the rest of this article.