What Does The Mortgage Market Look Like In 2017?

What does the mortgage market look like in 2017

In 2017 rates on buy-to-let mortgages have hit a historic low and are now comparable to residential mortgages. But, going fixed rate is advisable as, in uncertain times, there is a lot to be said for paying more for some certainty.


Property Expert Series: Richard Ignatowicz From Mortgage Savers


Buy-To-Let Mortgages In 2017

Amy: So, can you tell me, Richard, about any kind of special products that are out in the marketplace at the moment? Is there anything unusual and what are the rate’s like? Can you give us an overview of mortgages today?

Richard: Rates are at historical lows at the moment. So, I’m recommending that anybody all buy-to-let landlord have a review with their broker or financial adviser.

You can get buy-to-let rates at under 2 percent. This is similar to residential domestic mortgages and is very unusual.

Also, with the uncertainties coming along in the future, landlords should potentially consider longer-term fixed-rate mortgages, say five years.

The rates on these products are more expensive but it buys you some certainty in these uncertain times.


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