Landlords with buy-to-let mortgages who are about to come out of short-term fixed-rate deals will be relieved today after the Bank of England cut its base lending rate to 5%.
The mortgage industry says the number of new buy-to-let mortgages more than halved last year, with higher interest rates blamed for the fall.
A growing number of landlords are ending up in mortgage arrears and having their rental properties repossessed.
