FPTV (EP 166) BUY-TO-LET RATE HIKES: Expert options if you’re a landlord facing higher mortgage costs (watch/read/listen)
If you’re a landlord with a fixed-rate mortgage nearing the end of its initial term, you’ll only be too aware of the coming increase in your monthly repayments.
Back in October 2021 and 2018, two and five-year buy-to-let fixed rates averaged around 3%, but they’re now switching to today’s rates of more than 6% – a substantial jump!