Jump to content

BTL Mortgage rates tracker


Recommended Posts

Theres a lot of talk at the moment about rate rises, which seem fairly inevitable in the longer term. Many of my clients are wondering when the right time to push the button on refinancing would be, if 2 year deals are unwise at the moment, and generally want to understand whats happening in the market. I thought it might be a good time to actually start tracking these on a consistent basis, and giving people the opportunity to follow this information themselves. Feel free to follow this post for weekly updates.

It seems like a relatively straightforward thing to do, but there are so many deals out there, so many ways to break these deals up (2/5 yrs, fixed/variable, personal/company, etc) and so many ways to actually measure rates, that in order to make it sustainable i have had to make some concessions.

What i decided is that i will show a weekly summary of the lenders lowest rate available and the average of all their rates at 75% LTV,  but across all initial terms and mortgage types. Ive assumed a property value of £150k. For each of these you will be able to see the change on previous week and the change since the start on the 1st November

You will be able to access the link below, which i will update each week, which allows you to filter specific lenders, select company, personal or both and filter for different initial periods. The online version is read only. Let me know if this is helpful, or if you have an suggestions, i will do as much as my limited Excel knowledge allows!

BTL Rates Master.xlsm

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker & BTL Specialist

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

Link to comment
13 minutes ago, Adam Hosker said:

Impressive! That must take a lot of work.

A lot of work to ensure it wasnt a lot of work to maintain on an ongoing basis! Relevant XKCD comic:

https://imgs.xkcd.com/comics/automation.png

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker & BTL Specialist

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

Link to comment
  • 3 months later...

Just did a quick look at trends now we've seen another rate rise and its evident that lenders are trending upwards, particularly on personal rates:

image.png.81dfab2399bbaaeafe16e88ec5b311f2.png

image.png.95a46c5eef437e291a29a7953140131a.png

I suspect the reasons company rates are not increasing at quite the same rate is because they have already had a higher margin they can use to stay competitive, whereas on personal rates, they have been loss leaders for a while making virtually no margin at all.

 

 

 

 

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker & BTL Specialist

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

Link to comment
  • 1 month later...

New charts are very telling:

image.png.e909136e45aedc1ce8a3c7755761ef8b.png

image.png.371dedda01ae79c1e8bbf64df1b6c418.png

 

Expect average rates to keep trending upwards. If you are sat on a variable rate, either residential or BTL now would be the time to secure a low 5 year fixed rate as the rates we have seen will not be coming back...

Also interesting to see the lowest 5 year fixed personal rates exceeding the lowest rate 2 year company rates. Keeping LTV's under 60% makes a real difference to financing costs.

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker & BTL Specialist

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

Link to comment
  • 3 months later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...