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.
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