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Btl Mortgages - Ten Year Fixes Gone?

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Speaking to a few people and viewing a few of the mortgage providers websites it would seem that ten year fixes have practically dropped off the horizon.

Lenders now want minimum £35k income also.

25% deposits becoming rarer? 40% now needed?

Even Nationwide seem to have dropped their fixes for greater than five years.

I wonder what their thoughts on inflation are given that :unsure:

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Speaking to a few people and viewing a few of the mortgage providers websites it would seem that ten year fixes have practically dropped off the horizon.

Lenders now want minimum £35k income also.

25% deposits becoming rarer? 40% now needed?

Even Nationwide seem to have dropped their fixes for greater than five years.

I wonder what their thoughts on inflation are given that :unsure:

It is not nationwide its is the market... The market is raising the cost longer term debt, hopefully it will feed into bonds...

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It is not nationwide its is the market... The market is raising the cost longer term debt, hopefully it will feed into bonds...

1 and 2 year fixed rate bonds are already going up, they will be over 5% next year IMO.

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It is not nationwide its is the market... The market is raising the cost longer term debt, hopefully it will feed into bonds...

Or are they responding to the relatively large increase in bond yields already?

Either way, I think without a long term fix, some nice moderate inflation is going to burn a few fingers.

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Or are they responding to the relatively large increase in bond yields already?

Either way, I think without a long term fix, some nice moderate inflation is going to burn a few fingers.

I mean saving bonds ;p rather than the piddly interest we get at the moment...

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Speaking to a few people and viewing a few of the mortgage providers websites it would seem that ten year fixes have practically dropped off the horizon.

Lenders now want minimum £35k income also.

25% deposits becoming rarer? 40% now needed?

Even Nationwide seem to have dropped their fixes for greater than five years.

I wonder what their thoughts on inflation are given that :unsure:

Funny that you need income to have a BTL mortgage - surely the rent from the asset is meant to cover the mortgage? Or am I just being old fashioned? :blink:

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Funny that you need income to have a BTL mortgage - surely the rent from the asset is meant to cover the mortgage? Or am I just being old fashioned? :blink:

Im sorry, but that would imply a business, earning every month to pay its way, producing wealth and taxes for the economy, rather than sucking up tax releif in direct competition to taxpayers.

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