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The buy-to-let sector has seen fixed rates fall to their lowest point since 2022, according to analysis from Moneyfacts.

The analysis found, in February 2024, average fixed rates fell on both a monthly and yearly basis and now stand at their lowest point since September 2022.

Two-year fixed rate BTL fell to 5.49 per cent across all LTVs, a decrease on the 5.95 per cent that was recorded last year in February 2023, and last month.

A similar fall was discovered for five-year fixed rate BTL across all LTVs, which decreased to 5.48 per cent in February of this year.

This represented a fall from the 5.91 per cent that was recorded in January and the 5.85 per cent recorded in February 2023.

Moneyfacts finance expert, Rachel Springall, said: “Landlords concerned about interest rates may be pleased to find that both the average two- and five-year fixed buy-to-let rates have dropped to their lowest points since September 2022.

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