Posts Tagged ‘fixed rate’
Increase in Buy-to-Let mortgages.
Competion between lenders has increased due to a bouyant buy-to-let market, meaning better deals and lower rates on offer, according to Moneyfacts. Charlotte Nelson, finance expert at Moneyfacts.co.uk, reportedly said: “The buy-to-let market is clearly booming; with rents at a high and buy-to-let mortgage rates dropping to historic lows, there is great potential for prospective…
Read MoreBOE report on UK residential loan value
The Bank of England and Financial Conduct Authorit’s Mortgage Lenders and Administrators Statistics report revealed on tuesday that the overall value of residential loans was £1,272bn in the second quarter, the value of UK residential loans rose 1.8% in the second quarter compared to a year ago, with growth in first time buyers and buy-to-let…
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