According to the latest research from the online mortgage broker, Property Master, it states that the cost of the majority of fixed rate buy-to-let mortgages appear to be on the rise.
Statistics from Property Master shows that in June 2019, the Mortgage Tracker displays the monthly cost of five-year fixed rate buy-to-let mortgage offers for 50% of the value of a property was up by £7 in June compared to the previous month of May.
In addition to this, five-year fixed rates for 65% of the value of a property increased month on month by £5. Five-year fixed rates buy-to-let mortgage offers for 75% of the value of a property was the only one of six categories tracked to fall in monthly cost but then only by £1.
The buy-to-let mortgages of the three categories of the two-year fixed rate all increased with the largest rise being £6 per month.
About Stuart Mosley
Stuart Mosley (CeFA, CeMap, CLTM) founded SJ Financial Solutions in June 2005 having spent 12 years with big corporates such as Halifax and Santander. He felt the personal touch and straight speaking was missing from financial and mortgage advice services and set up SJ Financial Solutions to change this.
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