9:00 AM, 19th June 2026, 1 hour ago
Four lenders have cut buy to let prices, with reductions reaching 30bps across standard, specialist and semi-commercial mortgages.
Molo has made the largest headline reduction, while The Mortgage Lender, Landbay and Fleet Mortgages have also introduced lower rates or limited-edition products for landlords.
Molo has reduced its standard UK resident BTL rates by 10bps.
Its two-year fixed rates now start at 2.95% at 75% loan-to-value, with five-year fixes available from 4.65%.
Rates in its specialist range have been cut by 15bps.
The products cover portfolio landlords, investor-led applications and holiday lets, with two-year fixes starting at 3.01% and five-year rates from 4.69%.
Molo’s new BTL deals
They are available to individual and limited company borrowers, and the lender said it does not apply additional pricing to larger properties containing six or more rooms or units.
Molo has also introduced a two-year fixed semi-commercial mortgage starting at 5.65% at 75% LTV.
Five-year semi-commercial rates have been reduced by up to 30bps to 6.25%, alongside cuts to product fees.
Molo’s distribution director, Martin Sims, said: “We are seeing continued strength in landlord demand, particularly from portfolio landlords looking to remortgage, restructure and capitalise on emerging opportunities.
“At the same time, semi-commercial is gaining momentum as investors look to diversify their income streams.”
TML lowers buy to let rates
Meanwhile, The Mortgage Lender, which is part of Shawbrook, has launched limited-edition buy to let products and reduced rates by up to 0.15 percentage points across its fixed-rate range.
Its new limited-edition products include two-year fixed rates starting at 3.79%.
Borrowers can choose between products carrying a 5% completion fee and those with a fixed completion fee.
TML has also cut rates across its wider two-year and five-year fixed offering, including mortgages for houses in multiple occupation and customers taking more than one loan.
The lender previously changed its buy to let range in May, when it reduced rates, introduced a limited-edition five-year fix and brought back selected products at 75% LTV.
TML’s sales and distribution director, Louise Apollonio, said: “The launch of new limited-edition products, alongside rate reductions across our fixed-rate proposition, reinforces our commitment to supporting landlords at every stage of their investment journey.”
Landbay’s cheaper deals
Landbay has cut its BTL rates by up to 20bps across its Core and Specialist mortgage ranges.
Its Core range is available for standard properties owned by individuals, limited companies and limited liability partnerships.
It accepts landlords with portfolios of any size and includes automated valuation model options.
Five-year fixed Core mortgages at 75% LTV, including standard valuation and AVM products, have been reduced by 20bps and now start at 4.74%.
Two-year fixed Core rates have also been cut by 20bps, starting from 3.99%.
Landbay’s Specialist range covers holiday lets, HMOs, multi-unit freehold blocks and trading companies.
Sales and distribution director, Rob Stanton, said: “These latest changes mean brokers have access to even more competitive pricing across a wider range of landlord scenarios, wants and needs, whether they are placing straightforward buy to let cases or supporting clients with more specialist borrowing needs such as HMOs and MUFBs.”
Fleet lowers fixed rates
Fleet Mortgages has also reduced rates across several of its two-year and five-year fixed products at 75% LTV.
The lender has cut its two-year fixed HMO and MUFB rates by 20bps on products carrying a 3% fee.
Its standard HMO and MUFB rate have fallen from 4.79% to 4.59%, while the version for properties with an Energy Performance Certificate rating of A to C has been reduced from 4.69% to 4.49%.
All of its five-year fixed rates at up to 75% LTV have been cut by 10bps, including the EPC-linked options.
Fleet’s chief commercial officer, Steve Cox, said: “These latest reductions reflect the improved funding environment we have seen recently and, as a result, our focus on ensuring advisers and their landlord borrower clients continue to have access to competitively priced buy to let mortgage options across a range of property types and borrower circumstances.”
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