Landlords have biggest choice in buy to let mortgages since 2007

While the tax and rule changes imposed on the buy to let sector over the last few years have heightened the pressures felt by landlords, they now have more choice when it comes to mortgages, new research has found. Indeed, the number of buy to let mortgages is currently 2,163, the highest since before the financial crisis hit in October 2007, according to research from Moneyfacts.co.uk. But some rates have increased. In March 2017 the average two year fixed rate was 2.96% and that has now gone up to 3.12% following the Bank of England rate rise last year. The average five year fixed rate in March 2017 was 3.77% and but that has now fallen slightly to 3.61%.