Buy to Let Blog

 The latest Buy to Let mortgage market news, advice and views from our resident experts at Mortgages for Business. 

• What's in store for borrowers and lenders in 2009 - 06.01.2009

  Happy New Year! With the festiviteis now behind us, what's in store for borrowers and lenders as we crawl into 2009.

• Markets await Year end movements at Banks 29.12.2008

  3 month LIBOR continues its downward drift - setting today at 2.82% - still a significant premium to Bank Base at 2%

• Merry Christmas and here's to a better 2009! 19.12.08

  Base Rate is set to continue to fall in the New Year. What options are available for the professional landlord?

• 3 month LIBOR continues to ease slowly 16.12.2008

  3 month LIBOR continues its downward trend and reduced today to 3.11%

• LIBOR, SWAP rates, base rate and interest rates - we're seeing history being made - 11.12.2008

  The Bank of England's decision to further reduce Bank Base Rates (BBR) in December, to rates not seen in over 50 years, demonstrates the analysts view of the severity of the current economic turmoil.  Whilst we don't appreciate it at this time, history is being made and events now will be talked about long after we are gone.

• Buy To Let pricing to year end 10.12.2008

  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.

• Base Rate reduced to 2% 04.12.2008

  As predicted on this blog back on 18 November, Base Rate has today been cut by 1%.

• Base Rate cut could be 1% tomorrow 03.12.2008

  The MPC meets today and will announce tomorrow a cut in Base Rate; the question is whether it goes to 2.5% or 2% ....

• 3 month LIBOR comes down to 3.99% 24.11.2008

  3 month LIBOR reduced today by 5bp from 4.04% going into the  weekend

• CML revises arrears forecast 21.11.2008

  The CML has admitted that the number of households in arrears by the end of the year is likely to exceed the previous forecast of 170,000. The CML reports that 1.44% of mortgages were at least three months in arrears as at the end of September 2009, up from 1.33% at the end of June. Buy To Let arrears are running at 1.58% - the first time that they have been higher than mortgages as a whole...