Whatmortgage.co.uk have reported a drop in the cost for buy to let mortgages this week. With data from the mortgaging sourcing system “Mortgage Brain” they report that buy to let loans with a 20% deposit have seen rate reductions of 4% on 2 year fixed rates since August this year.

Granted there are very few lenders who are willing to offer these loans but it’s great to see such a significant drop in the rates offered.

If you are considering entering the buy to let market and needs advice get in touch today.