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Buy-to-let investors who took out tracker mortgages in the past year have enjoyed around £1 billion in extra income thanks to base rate cuts,

According to property portfolio management firm Young Group, landlords have saved a fortune thanks to the Bank of England dropping rates to record lows.

The company projected the figure based on the rate cuts over the course of 2008, which have lowered the base rate from 5.5% to 3%. This means the latest 2% cut has not been calculated and will only add to the huge savings that are being made by tracking buy to let borrowers.

Neil Young, chief executive of the Young Group says: "With an eye on the economy and the potential for base rate cuts, Young Finance was advising investors to take tracker mortgages as long ago as last December."

If you have already got a tracker, you surely want to stick with it as the experts predict even more base rate cuts. But if you are not happy with your deal and think you could be doing more to save money, talk to an adviser – they will be able to help you decide what sort of buy to let deal with be the best for you.

To keep up with the latest News and comment on the UK buy to let market visit the Buy to Let Mortgage Blog