The number of cheap buy-to-let mortgages on the market
has risen by more than three-fold in the run up to new pension freedoms, new
research shows. In total, investors can
choose from 226 different fixed rate deals compared to 162 six months ago and
71 a year ago, according to data from Moneyfacts, which analyses financial
products. It defined this as two-year fixed deals below 3pc or five-year fixed
arrangements with rate under 5pc. Lenders face fewer rules on buy-to-let
mortgages as it is treated as business lending, in contrast to residential
lending which is tightly regulated by the Financial Conduct Authority. Read
more on the Daily Telegraph website.
No comments:
Post a Comment