Arrange your buy to let mortgage deal soon before rates start to rise.

The UK's buy to let mortgage market boom has been well publicized, however recently lender's rate increases have also made the news.

There is concern that despite the buy to let boom, lenders rates could be impacted by increase mortgage market funding costs. Landlords could face tougher times if mortgage costs were to rise.

The Leeds Building Society and Santander have already made small rate increases on their buy to let mortgage range citing increased funding costs as the reason.

The Leeds raised its 2 year fixed rate mortgage by 0.36 per cent which means the rate now sits at 4.35 per cent.

At Deal Direct we feel that despite these small increases there is no need for those looking for a competitive buy to let deal to panic.

Good investment opportunities remain for the UK's growing number of landlords, rents are predicted to remain high and house prices relatively stagnant over the next two to three years.

A stagnant housing market can provide landlords with cheap property buying opportunities and therefore property investment remains possible. Government figures back this up as they show that house prices could fall by 0.6 per cent between 2012 and 2013.

Low buy to let mortgage rates are currently available through the Nottingham Building Society who have a deal at 3.39 per cent for 60 per cent LTV, however the Nottingham will not approve mortgage applications for flats or maisonettes. The Woolwich however are prepared to lend on these types of properties and offer a 2 year deal at 3.88 per cent for 60 per cent LTV.

For details of all buy to let mortgage products currently available call Deal Direct today on 0800 048 8828 or fill in our online enquiry form.