Many landlords paying 3 times their previous mortgages

Landlords are paying an extra £5.5bn a year to their banks following a surge in mortgage rates, data shows. Buy-to-let investors are now collectively paying £15bn a year in mortgage interest, a 58pc jump since November 2021 when the Bank of England began raising interest rates, analysis by Hamptons shows. – Telegraph

This is the average, and will rise as fixes expire. Some  are 3x what they were paying, as they didn’t fix them all.

SEARCH

YOU MAY ALSO LIKE

UK HALIFAX HOUSE PRICE INDEX

According to Halifax, British house prices rose 0.1% in April month-on-month and 1.1% year-on-year. The average house...

CATEGORIES
SOCIAL
Twitter feed is not available at the moment.

0 Comments

Submit a Comment