Buy to let landlords in UK well placed to cope with an interest rate rise

Buy to let landlords in the UK are financially resilient and are well placed to cope with expected higher borrowing costs, according to a new survey. Asked how they would deal with a 1.5% rise in Bank rate, three quarters foresaw no problems in paying their mortgage, says the data from the YouGov survey. More than 60% said their rental income would remain higher than their mortgage payments, and 40% said they already had enough money to cover higher borrowing costs. Meanwhile, according to data ...