Mortgage brokers are mainly recommending fixed-rate mortgages to landlords, with 5-year fixed products being the top choice.

Buy-to-let lender Landbay found that 83% of brokers are recommending fixed-rate mortgages, with only 17% recommending tracker products.

Roughly two in every five (42%) are recommending a 5-year fix, compared to more than a third (38%) opting for 2-year fixes. Only 3% recommended a 10-year fix.

Rob Stanton, sales and distribution director at Landbay, said: “Brokers’ preference for 5-year fixed mortgages reflects their focus on providing landlords with stability in a volatile market.

“Landlords are navigating choppy regulatory waters and significant economic headwinds.

“It’s perfectly sensible to lock into certainty under the circumstances. It’s predictability over flexibility.”

Earlier in May, the Bank of England cut interest rates for the fourth time since August 2024, to 4.25%.