Friday, 26 July 2013

Landlords Warned Of Buy-To-Let Mortgage Rate Rises

Rates on buy-to-let mortgages are set to rise in coming months, a study has warned.  Landlords, along with other buyers, have benefited from the Government's Funding for Lending Scheme in the past year with the cost for a five-year fixed rate for those with a 25pc deposit tumbling from 6pc to just over 5pc, including fees. But the report, published by Mortgages for Business, warned that comments from central bankers about improvements in the economy had moved money markets enough to force a rise in the rates offered to landlords. Read more on the Daily Telegraph website.

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