Buy To Let pricing to year end 10.12.2008

Author: David Whittaker Posted on: 10 December 2008

Nationwide has reduced its pricing across a range of Buy To let products with a 2 year fix now at 4.49% albeit with a 3.5% fee. There may be some slight further downward movements before Christmas but lenders will generally start 2009 with a product refresh.

More economic data is pointing to further interest rate cuts early in 2009 though it's too early to tell whether the MPC will wait for Christmas retail figures which become available towards the end of January and therefore wait until the MPC February meeting.

SWAP rates continue their downward trend as does 3 month LIBOR ........1 year SWAP is now at 2.55% and with leading economists predicting BBR down to 1% in Q1, there will be further falls.