Buy-to-let product fees of five per cent or higher have become more common in the market in recent months, with brokers split as to whether this helps or hinders customers.
Product fees for buy-to-let deals had been around two to five per cent but have increased in recent months since instability from the mini Budget and economic volatility has impacted rates and interest coverage ratios available for buy-to-let landlords.
Some have said that such high fees are profiteering from lenders, whereas others say that it is a way to offer landlords the higher loan amounts they need and gives them more product choice.
Mortgage Solutions wants to know if higher buy-to-let fees has improved affordability for your landlord clients.
Has buy-to-let affordability improved since higher product fees have been introduced?
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
