Borrowers with buy to let mortgages have enjoyed approximately £1 million in extra income due to the base rate cuts, according to portfolio management firm Young Group.

Young Group chief executive Neil Young said: “With an eye on the economy and the potential for base rate cuts, Young Finance - the Group’s FSA regulated mortgage company - was advising investors to take tracker mortgages as long ago as last December.”

With the Bank of England expected to make another rate cut today, buy to let investors could be in for more profits.

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