Buy to Let Mortgage Product Index - February 2018
Average data for February 2018:
Number of buy to let products: 1,498
Number of buy to let lenders: 36
The average number of buy to let mortgage products available went up by 141 from January’s average of 1,357.
No new lenders entered the market.
There was no change in the loan to value split during February, (see pie chart).
On average, fixed rates increased marginally in February across all terms. This is unsurprising given the comments made earlier in the month by Mark Carney, Governor of the Bank of England, who indicated that the base rate would have to increase this year to bring inflation back on target.
The average price of both two and three year tracker rates also increased marginally. Only term and five year trackers reduced in price, by 8 and 6 basis points respectively. Bearing in mind that there are far fewer numbers of these products, any price movement on these rates looks more exaggerated than it would be on fixed rate products which are more plentiful.
These averages do not include fees. To find out how fees affect the cost of buy to let mortgages view our Buy to Let Mortgage Costs Index.
The data for our Buy to Let Product Index is derived from our market-leading buy to let sourcing tool, Mortgage Flow. To look at which buy to let mortgages fit your current borrowing requirements, use our instant Buy to Let Mortgage Calculator.
To look at data that compares the buy to let sub-sectors of HMOs and freehold blocks of flats compared to mainstream buy to let property, please take a look at our Complex Buy to Let Index.
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