Fixed rate BTL mortgages on the brink

This is a discussion on Fixed rate BTL mortgages on the brink within the Brokerages forums, part of the Commercial category; Many lenders are beginning to withdraw their deals with regards to the fixed interest buy to let mortgages, reason being ...

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Old Jul 19, 2012, 8:34am   #1
 
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Joined Jul 2012
Fixed rate BTL mortgages on the brink

Many lenders are beginning to withdraw their deals with regards to the fixed interest buy to let mortgages, reason being the LIBOR rates increasing. With the high LIBOR rate lenders do not want to be obligated to lending at the pre determined interest rate plus the bank base rate.

Overall, the experts at the ResidentBroker.co.uk have stated that the investors will have to pay high interest rates on the buy to let mortgages because of the existence of the variable rates.

Even though limited, the fixed rate buy to let mortgages currently available are definitely the best options. An investor should grab them before they are completely out of the mortgage market.
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