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Home » News » News » Buy to Let Mortgage costs have plummeted year on year – Cambridge Mortgage Broker Turney & Associates

Buy to Let mortgage rates are continuing to fall especially after the recent lowering of the Bank of England base rate to 0.25%.

Moneyfacts have confirmed that the average five-year buy-to-let fixed rate at 75% loan-to-value (LTV) has fallen by 0.49% in the past six months and is the first time this rate has fallen below 4%[1].

Compared to a year ago, average five-year fixed rates ranging from 60% to 75% LTV have fallen by almost 1%, with rates at 60% LTV dropping by 0.91% to 3.48%.

Charlotte Nelson, finance expert at, said: “The reduction in the Bank of England Base Rate to 0.25% has already affected buy-to-let rates, with the average five-year fixed rate at 70% LTV falling by 0.15% in just one month. In fact all LTVs for five-year fixed rates have reached the lowest in the market this month.

“With savings rates at record lows, many savers that once used their interest to supplement their income are looking elsewhere, and as bricks and mortar is often deemed a ‘safe bet’ many are looking at buy to let as an investment option.”


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