With buy-to-let mortgage rates falling, many landlords are taking advantage.
Due to this, money lenders are lowering their own rates to attract clients.
If the landlord is working as a limited company then arrangement fees are being waived and lenders are taking on more of the costs for fixed rate mortgages.
Fixed rates fell for owners acting as a limited company in the beginning of 2018 (however 5 year fixed rates raised by .1%).
16 lenders have raised the amount of accessible products from 24% to $25%.
Limited companies are most likely to be given a high fixed rate.
For the fourth quarter in a row, buy-to-let mortgages that are arrangement free have grown- from 11% to 19%!
An arrangement fee of 0.3-5% is based on the loan amount, or instead there is a flat fee charged. These options are keeping owners interested in buy-to-let.
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