Home Front logoBuy-to-let has been one of the most successful investments of the past 20 years, but sadly over the last few months Buy-to-let landlords have dealt with the prospect of the end of mortgage interest relief and increasing Stamp Duty costs as well as cutting wear and tear allowances,   but finally after so much doom and gloom there could be some good news on the horizon. Rates for buy-to-let mortgages have fallen to record lows, according to some comparison websites. The average two-year fixed rate buy-to-let mortgage has fallen from 5.21% way back in April 2011 to 3.32% this month while the average five-year fix has fallen from 6.24% in 2011 to 4% today. Good news given savings rates are currently so poor that many are looking elsewhere to fund their retirement, so lenders have tried to capitalise on this new pool of cash by offering some of the best rates the buy-to-let sector has ever seen. In addition, providers also cut rates in the run-up to the Stamp Duty changes in order to attract those keen to buy before they were implemented, which has further aided the downward slide in rates. While the new rules and stamp duty changes could potentially take the shine off buy-to-let, property is still regarded as a safe bet, and with rental properties in demand and rent high, it still remains an attractive proposition in the light of the competitive new rates reduction. Do consider though that whilst buy to let rates may have hit an all-time low for investors, borrowers should remember that they will now be facing tighter lending rules, including stricter affordability checks as a result of the European Union’s mortgage credit directive, so it’s important to seek professional financial advice to see if buy-to-let really is the right option for you before getting carried away with the idea of being a property tycoon.  A quick chat with a financial advisor will give you some clarity on your personal financial situation allowing you to make a more informed decision.