Leeds Building Society is the latest lender to announce reductions to its BTL mortgage products following the Bank of England’s decision to cut the base rate from 5.25% to 5%.
A leading buy-to-let mortgage expert has launched a TikTok channel to warn property investors about the dangers of ‘gurus’ who say they can make fortunes from ‘passive investments’ in property.
The average mortgaged landlord paid 37% of their rent on mortgage interest in August, up from a low of 24% in November 2021, according to Hamptons.
Barclays has been ordered to pay benefits landlord Mick Roberts compensation over a long-running saga which saw him wrongly given a bad credit rating.
Landlords looking to re-mortgage until December 2024 at a typical 6.5% rate face an alarming 52% jump in their monthly mortgage payments, according to credit ratings agency DBRS Morningstar.
