UK interest rate changes: How buy-to-let landlords can stay financially resilient
According to projections by the Bank of England, interest rates are likely to come down to about 5.1% by the end of 2024, and reach around 4.2% in 2026. However, the sad truth is that we may never see a return to the 0.25% we enjoyed in 2016. If you have a buy-to-let mortgage and the term is coming to an end you might see an increase to your monthly repayments hundreds of pounds higher than you’re used to. NRLA partner, YourRepair gives us some advice.
