Buy to Let Mortgages – Best of Both Worlds

The Good News is that after the turmoil of 2023, 2024 has brought a much-needed reduction in mortgage rates, from most lenders.

Starting with Kensington and Halifax, on the first working day of the year and followed by a multiple of others, each fighting for a share of the mortgage market, both for individual and Ltd Co. Buy to Lets.

• Inflation is down from 11.1% to 3.9%.
• House prices increase for the third consecutive month.
• SWAP rates which determine mortgage rates, for 2- & 5-year rates are down, driving mortgage rates down.
• Sub 4% interest and LTVs of 90 -95% return for residential mortgages.

Potential Bad News

• General election this year, which normally causes uncertainty for 3 months prior and post-election.
• Commercial vessels being disrupted in the red sea due to attacks, might cause increases in inflation.

Act Now

• We all know that this trend can quickly reverse.
• Once a rate is secured, if rates continue to drop, we can change the rate, so you always benefit from the lowest possible rate. We continuously monitor the market.
• Do not gamble with your mortgage

Brooklands Commercial Finance has been helping its clients for over 20 years and is best placed to offer solid advice, so please do contact us using the form below. We will be happy to help:)

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