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Fixed five year buy to let mortgage deals offer savings for landlords

January 11, 2019 / Property Master

Landlords can find cheaper buy to let mortgage deals with new research showing that most fixed rate mortgages are currently down year on year, some by as much as £29 per month for a typical mortgage of £150,000. Five year fixed rate mortgages, which have been steadily gaining in popularity amongst buy to let landlords, have seen the most consistent falls, according to the data from online mortgage broker Property Master. Its January 2019 mortgage tracker report shows that five years fixed rate offers for 50%, 65% and 75% of the value of a property are all down since the start of the year, down £8, £29 and £21 per month respectively.