New Mortgage Guides

Other Mortgage Guides

Mortgage Types

Mortgage Tools

Fixed-rate mortgages increasing among buy-to-let investors
Wed, 30 May 2007
Buy-to-let investors may be interested to learn that a financial services provider has claimed that fixed-rate mortgage deals are increasing in popularity.

According to figures from Mortgage Trust, 60 per cent of homeowners have now arranged fixed-rate mortgage packages compared to 48 per cent in the middle of last year.

And the financial services provider asserts that the shift towards these mortgages is particularly pronounced in the buy-to-let sector, with 78 per cent of landlords now relying on fixed-rate buy to let mortgages.

John Heron, group director of mortgages at the Paragon group, which owns Mortgage Trust, has commented on what length of home loan is most popular among the buy-to-let community.

"Landlords are mainly opting for shorter term deals, with the most popular fixed-rate terms being two and three years," he said.

"Full-term fixes were by far the least popular."

The growing enthusiasm for fixed-rate mortgages may be a consequence of the recent spate of interest rate hikes.

Since August 2006, the Bank of England's monetary policy committee has opted to raise the base rate by a quarter of a percentage point on four separate occasions.

Link to this page

Copy and Paste the following HTML into your page.

Mortgage lenders

Browse mortgage lender offersMortgage Rates by Lender

  • Browse current mortgage offers from over 90 lenders.

Worried about mortgage repayments?Worried about Mortgage Repayments?

  • Join our petition to Government to bail out burdened individuals, not just banks.

Free mortgage quoteFree Mortgage Quote

Mortgages in Scotland Mortgages in Scotland

Equity releaseEquity Release

  • Unlock equity in your home.

Switching mortgagesSwitching Mortgages

Home reversion plansHome Reversion Plans

Commercial mortgages Commercial Mortgages

  • Commercial property loans
  • Starting a business?

Arrears & CCJs?

  • Remortgages
  • Sub prime mortgages
  • Arrears, CCJs
  • Self certification
  • Debt consolidation

Protect your mortgageProtect Your Mortgage

  • 3 months free mortgage protection cover

Mortgage Newsletter