Buy to Let mortgage rates surge in wake of Iran War: details

 

Buy to Let Mortgage rates surge in wake of Iran War: details

Mortgage monitors are showing a significant hike in BTL mortgage rates as a consequence of the outbreak of the Iran War. For example, Rightmove’s daily BTL Mortgage Tracker is showing that an average 2-year BTL mortgage for a landlord purchasing a rental property with a 25% deposit is now 5.79%, up from 4.86% before the Iran War broke out.

At the same time, the number of mortgage deals on offer has dropped sharply, with around 1,300 deals withdrawn since the start of the War.

Some suggestions from commentators on how landlords should respond include moving to an interest only deal although most BTL mortgages are already interest only.  Other possibilities include raising equity from lower geared assets, selling weaker performing properties to support the others or refinancing across your entire portfolio.

Thinking BTL mortgages generally, the most remarkable story of the week came from Pegasus Insights. Their recent survey results make the hard to believe claim that landlords with BTL loans hold an average of 6.5 mortgages with total borrowing of £714,000. Managing these must involve quite an administrative workload.

 

Jm April 18th 2026

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