BM Solutions (Birmingham Midshires) Buy To Let Study

BM Solutions buy to let study showed that fixed rate mortgages would be chosen by 43% of landlords in the UK whilst 20% would choose variable rates and 11% would go for tracker rates. 15% were not sure which type of mortgage they would choose.

A European Union Member states that this information is invaluable as this is the first time the European buy to let market has been analysed.

In Germany 93% of landlords would choose a fixed mortgage.

In Poland variable rates would be chosen by 49% of landlords, 34% would choose fixed and 15% would choose tracker rates.

94% of German landlords do not consider specialist mortgages necessary, 92% of Polish landlords and 80% of Portuguese landlords agreed. Whereas 79% of UK landlords thought buy to let mortgages necessary.

In the UK 70% of landlords use an intermediary to organise their mortgages but the story is different in Europe. Only 26 in Germany, 23% in Poland and just 6% in Portugal use intermediaries.

In Europe it is usual for people to wait till their thirties before buying property and trends seem that the UK are following in their footsteps.

It seems that the UK’s clear concept of buy to let mortgages is rather unique.

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