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student property investments

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.