Buy-to-let mortgage rates have fallen to their lowest level as demand for rental property continues to soar. With rates starting from just 1.89 per cent for a two-year fix, conditions have rarely been better for landlords.
As well as cheap mortgage rates, the more general outlook for the sector is bright. While rents have been rising, creating strong yields – often around 5 to 6 per cent - tenant demand means there is less likelihood of voids.
However, while lending conditions are easing it’s still important to seek advice from an independent broker such as Fitch & Fitch, particularly as a number of lenders only operate through intermediaries and can’t be accessed direct.