The Bank of England has left UK interest rates on hold at 5.25% for the sixth time in a row, delaying any reduction in mortgage rates.
There is a growing consensus that mortgage interest rates will soon be heading south as house sales show signs of gaining momentum.
Falling UK inflation could herald some good news for BTL landlords over the coming months, according to mortgage experts.
Paragon Bank is showing some love for landlords on Valentine’s Day by offering its lowest rate on two-year fixes for new customers in more than 18 months.
Landlords could have to wait slightly longer for the pressure on mortgage rates to ease after the annual rate of inflation hit 4% last month.
A record 50,004 limited BTL companies were set up last year, driven by landlords looking to shelter themselves from higher interest rates.
Mortgage market drama should subside this year, thanks to stable property prices, strong rental demand, rising rents and softening mortgage interest rates.
