020 7625 9007

First-time landlords have record choice of buy-to-let mortgage products available

Jamie Royston
23.07.18

The number of mortgage products available for first-time buy-to-let (BTL) investors has increased by 13%, to a record high.  This was the finding by research compiled by Moneyfacts, which found there are 1,268 buy-to-let products now available in the UK to first-time landlords.

The figure marks an increase in 339 buy-to-let products available in just two years, to those purchasing rental investments for the first time.

The Moneyfacts data shows that in July 2016, the number of first-time landlord products was 929. In July 2018, this figure stands at 1,268.

A fall in BTL interest rates

Alongside the rise in the number of products available, has been a fall in the interest rates in BTL mortgages during the last two years. For instance, the average two-year fixed rate for first-time landlords in July 2016 was 3.19%. The same product is now a significantly lower 2.83%.

Charlotte Nelson, a financial expert, commented on the buoyant outlook for first-time landlords needing to take out a mortgage to fund their property investment.

“Not only do first-time landlords have more choice, but they have also seen rates fall by 0.36% over the same period.”

Additional research from Accord shows that the number of first-time buy-to-let investors has doubled in the past 12 months, despite tax changes that are inherently unwelcome to landlords.

With interest rates dropping on buy-to-let products and the choice in BTL mortgages for landlords now bigger than ever, there is plenty of incentive for people to invest in bricks and mortar and enjoy a profitable income from buy-to-let.

If you are thinking about joining Britain’s burgeoning buy-to-let sector or are wanting to increase your portfolio of rental properties, Auction House London’s property auctions could be the perfect place to find your first or next buy-to-let investment.

Latest articles

London’s private landlords earn £7bn from investments in the last year

From April 2017 to 2018, private landlords in the British capital earned a total of £7bn from their residential property investments,...

Demand for commercial property in Britain high among investors

Demand for commercial property in Britain continues to be robust, regardless of ongoing Brexit uncertainty This was the finding of a review...

House prices bounce back in October

House prices in England and Wales rose by 04% in October, leaving the average price of a property at £304,433This was the finding of...

Current auction

Sign up for our newsletter

Back to Blog

REQUEST A FREE AUCTION VALUATION

Click here

Next Auction

12pm on the 12th February 2019

London Marriott Hotel Regents Park, 128 King Henry's Rd, London NW3 3ST

AHL PRIVATE TREATY SALES

WHY NOT TALK TO US ABOUT AVAILABLE, NOT FOR AUCTION INVESTMENTS AND DEVELOPMENTS

Click here

Contact us

Use the form below to get in touch