At the end of last year more borrowers were locking onto longer-term fixes amidst speculation of a rate rise, however in 2015 those expectations have been pushed back.
Ying Tan, managing director of The Buy to Let Business and Buy to Let Club, said: “With inflation low and rates unlikely to change anytime soon two-year fixes are still the most popular product among investors.
“Rates are extremely competitive and margin over trackers is minimal, yet borrowers get the security over the next couple of years and as well as flexibility should there be a change in strategy after the fix period.”
The Buy to Let Club now offers an inclusive 2-year fix to 75% LTV at 2.59% with a free valuation and a flat arrangement fee of £1,995.
