North West Landlords Association NWLA’s Post

Moneyfacts UK Mortgage Trends Treasury Report data reveals the average shelf-life of a mortgage has dropped to 15 days, down from 28 days a month prior. Month-on-month rises to the average two- and five-year fixed mortgage rates were more modest. #MortgageMarket #MortgageRates

Looks like mortgage rates are starting to decrease and the market is responding.

What's happening to buy-to-let mortgage rates? Find out the cheapest mortgage deals on offer for landlords Buy-to-let (BTL) mortgage rates have fallen since the start of 2024, but they remain considerably higher than a couple of years ago.  This means landlords due to remortgage will face much higher repayments, and investors might think twice before expanding their portfolios. Read the article here: https://lnkd.in/eviWhf_S

Attention landlords and investors! Buy-to-let mortgage rates have fallen since the start of 2024, but they are still higher than before. This may mean higher repayments for landlords looking to remortgage, and potential investors might reconsider expanding their portfolios. Find out about the cheapest BTL deals currently available with Which?: https://heyor.ca/R3FhPm #CheaperDeals #BTLMortgages

"Whilst we hope mortgage rates have now finally reached their peak, if this year has taught everybody one thing, it's that there are no guarantees when it comes to predicting what will happen next with mortgage rates." This Is Money spoke with Peter Stimson, our Head of Product, about his expectations for long-term interest rate trends and where they may finally settle. Read the full article: https://lnkd.in/dS8VXA49 #mpoweredmortgages | Intermediaries only

Mortgage rates are dropping but so is product choice https://lnkd.in/e6-YXqX6

Moneyfacts UK Mortgage Trends Treasury Report data reveals the average shelf-life of a deal fell to 17 days, down from 30 days. The average two- and five-year fixed mortgage rates fell, halting five months of consecutive rises. #MortgageMarket #PropertyMarket

Attention landlords and investors! Buy-to-let mortgage rates have fallen since the start of 2024, but they are still higher than before. This may mean higher repayments for landlords looking to remortgage, and potential investors might reconsider expanding their portfolios. Find out about the cheapest BTL deals currently available with Which?: https://heyor.ca/R3FhPm #CheaperDeals #BTLMortgages

Contrary to the market trend, buy-to-let mortgage rates are on the move 👀 https://bit.ly/3XDkNhn #bankofengland #ukeconomy #ukmortgagerates #ukhousingmarket

The average buy-to-let mortgage rate is 5.25%, despite being the lowest since 2022 they remain high, there is hope that the improvement within the property market could reignite competition between lenders.