Angus Stewart, Chief Executive of online broker, Property Master has commented on news from the Monetary Policy Committee that the base rate would not be increasing said: “It does seem as if we have been marched up the hill somewhat by speculation that base would move today but the decision to hold will be received by landlords with a breath of relief.”
Mr Stewart continued: “Our recent Mortgage Tracker research showed that there are some good deals out there for landlords looking to remortgage or expand their portfolios.
“We found that average five-year fixed rates have fallen since the start of the year despite all the speculation around base rate. Typical savings ranged from £5 to £15 per month. A number of two-year fixed rates had also fallen.”
