Moneyfacts: Buy-to-let fixed rates mortgages most competitively priced since September 2022

Friday, March 1, 2024 By Aaron Strutt

Buy-to-let mortgages are the most competitively priced they have been since September 2022, according to the latest analysis by Moneyfactscompare.co.uk.

Average fixed rates have fallen month-on-month, both over a two-year or five-year fixed term, standing at their lowest points since September 2022.

Monefacts finance expert Rachel Springall commented: “Landlords concerned about interest rates may be pleased to find that both the average two- and five-year fixed buy-to-let rates have dropped to their lowest points since September 2022. These rates sat at a record-high just six months ago, so this is positive news for borrowers who have been patiently waiting for fixed rates to come down.”

Some buy-to-let mortgages have high arrangement fees

Banks and building societies have lowered the price of their buy-to-let mortgages although some are charging arrangement fees as high as five, six or seven per cent of the loan amount. They are using high setup fees to lower the pay rate. 

Not all buy-to-let mortgages have high arrangement fees and some start from £999 while others are priced at £1,499. BM Solutions offers two-year fixed rates priced around 4.50% and five-year fixes priced around 4.20%. These mortgages are available to landlords with a 40% deposit and they have a £3,999 arrangement fee.

Call Trinity Specialist Finance to secure funding for a development on 020 7016 6151 or book a consultation 

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