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buy to let

Mortgage rates fell by over 40% in buy-to-let investments

New data released today by Mortgage Brain has shown that during 2014 some buy-to-let mortgage rates fell by over 40%.

The latest figures have revealed that the interest rate for a two year Tracker with a 60% LTV is now 41% lower compared year-on-year – down to 0.99% from 1.69%.

Additionally, the rate for the same product dropped by 32% during 12 month previous. This means the product is now available with a rate that is 73% lower than it was two years ago.

£136.5 billion worth of housing equity to be unlocked in the next 5 years

New research from MGM advantage has found an increase in the number of the UK’s retired population downsizing their homes. 1.99 million retired people have already downsized their homes and a further 12% are looking to downsize over the next 5 years. These figures suggest that £136.5 billion of housing equity will be unlocked from property downsizing within…