Mortgage rates offered by high street lenders remain stubbornly high despite optimism from analysts and experts that they could soon start to fall after the Bank of England s hike.
NatWest has toughed its buy-to-let five-year stress rate from 4.75% to 5.10% while also lifting its BTL like-for-like remortgage stress rate by 35 basis points to 5.10%. Brokers say landlords with loans with the high street lender may be forced to lift tenant rents to afford these higher home loans and remortgages.