New research from an online buy to let mortgage broker shows that average rates for some typical deals favoured by landlords have doubled since the start of the year.
Property Master’s Mortgage Tracker reveals the average rate for a typical £160,000 buy to let mortgage fixed for two years for a Loan to Value of 60 per cent had more than doubled since the start of this year, from 1.69 in January to 3.43 per cent this month.
This took the monthly cost including fees from £262 to £494, an increase of £232.
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