Private landlords fear potential increase in rates

The Bank of England’s Monetary Policy Committee may have kept interest base rates on hold at 0.5% in July, but 31% of private landlords surveyed agree or strongly agree that they are worried about their ability to repay should BTL mortgage rates begin to rise.

The BDRC Continental research reveals that BTL mortgage interest rate rises will present a financial challenge to many private landlords. Almost three quarters of private landlords (73%) have at least one mortgage on their rental property and almost half (47%) have at least five BTL mortgages held against their portfolio.

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