The latest analysis by Moneyfacts.co.uk will provide some comfort to buy to let landlords. Their research shows quite clearly that the buy to let mortgage market, so badly affected by the mini budget has begone to recover. Overall, there have been some seven hundred new options added since the start of October.
Additionally, Bloomberg are currently reporting that the average two-year fixed mortgage rate has dropped down below 6% for the first time since the mini budget.
With best buy two-year fixed deals now available at 4.39% at 75% LTV with the Mortgageworks we are now seeing some stabilisation in mortgage markets. These lower rates though high compared to recent ultra-low rates are still very reasonable in historical terms.
Key to the success or failure of any property investment in these uncertain times will be to ensure the numbers stack up. There are going to continue to be headwinds going into 2023 yet those with a cool head, taking sound advice and with cash to utilise are going to find there are some excellent deals around.
