There have been significant year-on-year reductions in the cost of buy to let mortgages over the past three years and have remained at a record low over the last three months, new research has revealed.

The cost of an 80% loan to value (LTV) two year Fixed Rate Mortgage is currently 18% lower than it was at the start of 2014 and 11% lower than it was a year ago.

Furthermore, the cost of an 80% LTV five year Fixed Rate mortgage is 11% lower than in 2014, while a 70% LTV is 14% lower and a 60% is 15% lower.

There are indications that there is stabilisation in the cost of all main buy to let products over the past three months, Mortgage Brain has revealed.

A three year fixed rate at 80% LTV is now 4% cheaper in comparison to three months ago.

“Like our recent residential mortgage product analysis the buy-to-let sector looks like it could be levelling out and moving away from the long period of historic lows in terms of costs and rates,” said CEO of Mortgage Brain, Mark Lofthouse.

“Buy-to-let investors can still take advantage of some good savings and low rates when compared to this time last year, however, the mixed and marginal movement in costs over the past three months could be seen as a further sign of stability, or even the start of a period of rises,” he added.

In addition to buy to let mortgages and the fluctuations in these products, landlords have many legislations and rules to stay up to date with. To make things easier, we have put together an outline of the important changes to legislation in 2017 and beyond.

Protect your rental property today with great value Landlord Insurance – get a quick quote online or call 0800 294 4522 today!