{"id":4023482,"date":"2019-04-03T16:27:51","date_gmt":"2019-04-03T15:27:51","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=4023482"},"modified":"2019-04-03T16:27:51","modified_gmt":"2019-04-03T15:27:51","slug":"steady-buy-to-let-mortgage-costs-reassure-buy-to-let-investors","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/news\/steady-buy-to-let-mortgage-costs-reassure-buy-to-let-investors\/","title":{"rendered":"Steady buy-to-let mortgage costs\u00a0reassure investors\u00a0"},"content":{"rendered":"

An analysis of the buy-to-let market by Mortgage Brain has shown that mortgage costs have remained stable over the past three months.<\/span><\/b>\u00a0<\/span><\/h3>\n

Landlords seeking a new mortgage deal will be re<\/span>assured<\/span>\u00a0to learn that despite the changing market place<\/span>,<\/span>\u00a0the actual cost of buy to let<\/span>\u00a0(BTL)<\/span>\u00a0mortgage<\/span>s<\/span>\u00a0<\/span>has<\/span>\u00a0remained\u00a0<\/span>fairly<\/span>\u00a0<\/span>steady since December last year.\u00a0<\/span>\u00a0<\/span><\/p>\n

While the cost of a three year fixed mortgage is 2% higher than it was in December, t<\/span>he\u00a0<\/span>cost<\/span>\u00a0of\u00a0<\/span>a number of<\/span>\u00a0two and five year fixed rate BTL mortgages have remained static when compared to other\u00a0<\/span>costs<\/span>\u00a0at the\u00a0<\/span>same time.\u00a0<\/span>\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

Since December 2018, the cost of a 70% loan to value (LTV) tracker\u00a0<\/span>has fallen<\/span>\u00a0by 2% and<\/span>\u00a0<\/span>a\u00a0<\/span>five-year<\/span>\u00a0fixed rate by 1%. These savings might seem small, but they offer investors potential annual savings of \u00a3126 and \u00a372 respectively on a \u00a3150,000 mortgage.\u00a0<\/span>\u00a0<\/span><\/p>\n

The l<\/span>onger-term<\/span>\u00a0analysis\u00a0<\/span>shows<\/span>\u00a0<\/span>that the market is in a healthy position<\/span>\u00a0when compared to\u00a0<\/span>2016<\/span>,<\/span>\u00a0<\/span>and<\/span>\u00a0the\u00a0<\/span>introduction of the\u00a0<\/span>3% stamp duty increase. A 60% LTV five-year fixed BTL mortgage is now 11% lower, a two-year fixed is 7%\u00a0<\/span>less,<\/span>\u00a0<\/span>and<\/span>\u00a0a three-year fixed is 10%\u00a0<\/span>cheaper<\/span>\u00a0than three years ago.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n

Mark Lofthouse, CEO of Mortgage Brain, said: “Although our latest BTL product analysis shows little movement over the past three months, potential landlords and BTL investors can continue to make the most of the record lows in terms of rates and costs in the BTL market<\/span>\u201d<\/span>.<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

An analysis of the buy-to-let market by Mortgage Brain has shown that mortgage costs have remained stable over the past three months.\u00a0 Landlords seeking a new mortgage deal will be reassured\u00a0to learn that despite the changing market place,\u00a0the actual cost of buy to let\u00a0(BTL)\u00a0mortgages\u00a0has\u00a0remained\u00a0fairly\u00a0steady since December last year.\u00a0\u00a0 While the cost of a three year… 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":[2,26,6],"tags":[],"class_list":["post-4023482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-to-let-landlords","category-tax-mortgages-money","category-uk-housing-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/4023482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=4023482"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/4023482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/4802"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=4023482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=4023482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=4023482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}