WMC Index: Who Offers Value For Money On Buy-to-let Mortgages?
Post Office Money has topped a list of UK banks to offer the best buy-to-let 70% mortgage rates (5-year fixed). Buy-to-let mortgages have doubled since September 2020 with people keen to benefit from the growing rental demand in the UK.
While at the same time, UK banks are increasingly under pressure to protect and grow revenue during challenging economic conditions. Post Office Money’s 3.05% rate is the lowest on the market with Virgin Money (3.2%), Barclays (3.26%), Natwest (3.44%) and Lloyds Bank (3.49%) completing the best five.
Post Office Money was launched in 2015 as an umbrella brand although the bank has been offering mortgages since 2004. The latest data comes from WMC Index, which showcases market insights captured by WatchMyCompetitor (WMC) — an automated competitor tracking and business intelligence platform. The platform is used by leading and challenger organisations across a wide variety of markets, both in the UK and overseas.
Do you work for a UK bank? How do your rates compare to others in the sector? How quickly can you adapt if your nearest competitors increase or decrease their rates? WMC can help you track rates in real-time to help protect and grow your revenue. Visit WMC Finance for more details.