{"id":21595,"date":"2018-10-04T09:00:13","date_gmt":"2018-10-04T08:00:13","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=21595"},"modified":"2023-10-10T10:35:50","modified_gmt":"2023-10-10T09:35:50","slug":"buy-to-let-and-remortgaging-borrowers-favoured-with-low-rates-and-expanding-product-ranges","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/10\/04\/buy-to-let-and-remortgaging-borrowers-favoured-with-low-rates-and-expanding-product-ranges\/","title":{"rendered":"Buy-to-let and remortgaging borrowers favoured with low rates and expanding product ranges"},"content":{"rendered":"

With the doom-mongering of a potential property price plunge, anxiety over Brexit and August\u2019s base rate rise, it\u2019s surprising to learn that for remortgages and buy to let landlords it\u2019s a great time to borrow.<\/strong><\/p>\n

Whether you are a remortgager or landlord, the mortgage market continues to defy expectations with the availability of low rate deals and expanding product ranges. Buy-to-let mortgage rates are at their lowest since 2012, and there are two-year fixed remortgages available at more competitive rates than most tracker and variable mortgages.<\/p>\n

Buy-to-let bounces back <\/strong><\/p>\n

Data from the Bank of England shows the average buy-to-let mortgage rate at 75% loan to value (LTV) has dropped to 2.27% \u2013 its lowest in 6 years.\u00a0 Both Lloyds and The Mortgage Works (Nationwide) have been reviewing their buy-to-let offering. The Mortgage Works has reduced its two-year fixed rate to 1.49% with a \u00a31,995 fee, and Lloyds have scrapped the \u00a3295 mortgage account fee, capped its revaluation fee at \u00a3300 and removed a \u00a3100 administration fee.<\/p>\n

Low rates on remortgages <\/strong><\/p>\n

According to moneyfacts.co.uk, the average two-year fixed rate mortgage has only increased by 0.28% since its record low last year. In fact, since the base rate rise in August the average two-year fixed rate has fallen from 2.52% to 2.49% today, and five- year fixes have fallen by 0.02%.<\/p>\n

HSBC are offering 1.49% fixed for two years at 60% LTV and 1.54% at 75% LTV, RBS 1.53% at 60% LTV and Barclays 1.58% at 75% LTV. In fact, there are two-year fixed deals available for as low as 1.39%.<\/p>\n

While rates are indeed higher than this time last year and are unlikely to return to the lows preceding October 2017,\u00a0 borrowers are encouraged to be vigilant when seeking a new deal because if you know what to look for, there are good deals available. Checking out the best mortgage buys and assessing the true cost of a mortgage \u2013 not just the headline rate \u00ad\u2013 will enable borrowers to identify the most advantageous deals for their circumstances.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the doom-mongering of a potential property price plunge, anxiety over Brexit and August\u2019s base rate rise, it\u2019s surprising to learn that for remortgages and buy to let landlords it\u2019s a great time to borrow. Whether you are a remortgager or landlord, the mortgage market continues to defy expectations with the availability of low rate… Read more »<\/a><\/p>\n","protected":false},"author":3380,"featured_media":4802,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,179,6],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/21595"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=21595"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/21595\/revisions"}],"predecessor-version":[{"id":6097416,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/21595\/revisions\/6097416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4802"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=21595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=21595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=21595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}