Welcome to ‘Buy-to-Let Market’, a column aimed at providing you with recent criteria and product updates within the buy-to-let lending markets. Note, any product update reflects the lenders most recent update, rather than all updates since the previous publication. The information within this article is correct as at 10/04/2026.
BM Solutions – has increased selected buy-to-let and let-to-buy fixed rates. Personal ownership buy-to-let and let-to-buy two-year fixed rates have increased by up to 0.15 per cent and three-year rates by up to 0.10 per cent.
The Mortgage Works – has increased selected buy-to-let fixed rates, their one-year fixed rate is priced at 3.34 per cent, two-year fixed rates start from 3.44 per cent and their five-year fixed rates start from 4.44 per cent.
Coventry for Intermediaries – has decreased selected limited company buy-to-let products by up to 0.25 per cent. For limited company BTL borrowers purchasing a property, the two-year fix at 75 per cent LTV with a £3,999 lender fee has a rate of 5.52 per cent, while the five-year fixed equivalent is priced at 5.58 per cent.
Virgin Money – has increased buy-to-let fixed rate products by up to 0.75 per cent.
NatWest – has increased buy-to-let fixed rate products by 0.28 per cent.
Santander for Intermediaries – has increased BTL affordability rates, with the standard rate increasing from 7 per cent to 7.5 per cent, the five-year fixed rate has increased from 5 per cent to 5.5 per cent, and the pound-for-pound remortgage rate has risen from 5 per cent to 5.5 per cent. All buy-to-let fixed rates have increased by up to 0.41 per cent.
Barclays – has introduced a new “dynamic” stress testing process for buy-to-let, which is based on customers’ actual product rate and should allow many to borrow more. The lender also will now allow Portfolio Landlords applications for standard products across their Buy to Let Purchase and Remortgage Range.
TSB – has launched portfolio buy-to-let lending for landlords with up to 10 mortgaged properties. Landlords will be able to borrow up to 75 per cent of the property value, with a minimum loan of £25,000 and a maximum loan of £1 million. Landlords will be able to have up to five buy-to-let mortgages with TSB, and the initiative is open to landlords for both house purchase and remortgage applications. The lender has also increased all buy-to-let purchase and remortgage fixed rates by 0.5 per cent.
Accord Mortgages – has increased their buy-to-let tracker products by 0.2 per cent.
Paragon Bank – has bolstered its new-build buy-to-let (BTL) product to give landlords more flexibility when investing in new-build properties.
BTL mortgage offers are now valid for six months for landlords purchasing new-build homes, up from three months.
The lender has launched new limited-edition five-year fixed rate products. This range includes green EPC flat lender fee-rate products with rates from 5.67 per cent. All of these products benefit from a free mortgage valuation.
The lender has also announced the launch of new two-year and five-year fixed rate products. With rates starting from 3.75 per cent for single self-contained properties, and 4 per cent for HMOs and multi-unit blocks, all of these products benefit from a free mortgage valuation.
Rely – Part of the OSB Group has launched a range of limited-edition large portfolio products. The products are for landlords with 10+ properties.
Landbay – has launched a number of its Premier range products into Scotland, following a successful initial phased launched. The range of 75 per cent LTV products is now available to the whole of market with all broker firms able to offer standard, like-for-like remortgage, remortgage with a free valuation, and remortgage with a free valuation and cashback options to landlord clients.
The lender has introduced new small HMO and remortgage automated valuation model products to its Premier range.
Foundation – has launched a series of limited-edition buy-to-let deals across its F1, house in multiple occupation (HMO) and holiday let ranges. Within its F1 range – designed for landlord borrowers with an almost clean credit history – Foundation has launched two- and five-year fixed rate products at rates of 5.59 per cent and 5.99 per cent respectively, and both products come with a flat lender fee of £3,995.
The lender has also relaunched various buy-to-let products covering standard mortgages, as well as key property types including HMOs, MUFBs, short-term lets, expats and both Property and HMO Plus options. Selected changes have also been made to fees on five-year fixed rate products, including a reduction on standard HMO products.
Fleet Mortgages – has announced a series of criteria enhancements across its buy-to-let range, designed to improve landlord borrower affordability, and reflect real-world circumstances and broadened property appetite.
Among the headline changes is the removal of Fleet’s minimum income requirement for applicants. Landlords will no longer need to meet a set earned income threshold, although income will still need to be evidenced. The lender has also increased its maximum mortgage term from 30 to 35 years. On the property side, Fleet has removed the height restriction on blocks of flats, opening up lending opportunities on a wider range of high-rise developments.
The lender has also increased the maximum LTV on new-build flats from 70 per cent to 75 per cent, providing landlords with greater flexibility when purchasing or refinancing newer properties.
The lender has reintroduced buy-to-let two-and five-year fixed rates. Two-year fixed rates start from 4.49 per cent and five-year fixed rates start from 5.24 per cent.
The lender has also launched three new two-year tracker products across standard, limited company and HMO/MUFB ranges. The new trackers have no early repayment charges.
Aldermore Bank – has launched new buy-to-let fixed rates, two-year fixed rates start from 4.19 per cent and five-year fixed rates start from 5.44 per cent.
ModaMortgages – has launched a new range of limited edition buy-to-let products. The specialist lender’s limited-edition range includes two- and five-year fixed products available for single dwelling properties, with rates starting from 3.39 per cent. The range also features two- and five-year fixed products which are suitable for HMO and MUFB properties with up to six bedrooms or units, with rates from 3.49 per cent. All products are available to individual and limited company landlords, with the lender offering free valuations across its entire range.
The lender has also expanded its lending criteria. The specialist buy-to-let mortgage lender has broadened its proposition to now support remortgage applications from landlords who have purchased properties using their own funds within the last six months. The lender already accepts day one remortgage applications for bridge exits from FCA registered firms.
Family Building Society – has enhanced its buy-to-let affordability assessment, increasing potential borrowing by up to 35 per cent.
Based on a typical two-year pay rate, the changes are expected to deliver around a 15 per cent uplift in borrowing power for capital raising applications and up to 35 per cent on pound-for-pound remortgage cases.
The lender has also relaunched various fixed rate buy-to-let products. Two-year fixed rates start from 6.19 per cent and five-year rates from 4.89 per cent. Two-year limited company rates are available from 5.14 per cent and five-year rates from 6.04 per cent. Expat rates have launched from 5.34 per cent. All buy-to-let products are available up to 75 per cent LTV.
Vida Homeloans – Will now allow intercompany loans as a source of a deposit for BTL special purpose vehicle (SPV) applications, where the applicant is an equal or majority shareholder in the trading company offering the funds. The lender has also increased its aggregate exposure limit from £4m to £7.5m. The lender has also decreased selected buy- to-let fixed rates by up to 0.29 per cent, two-year fixed rates will now start from 4.97 per cent and five-year fixed rates will now start from 5.22 per cent.
Zephyr Homeloans – has expanded its lending criteria. The lender will now consider first-time landlords for HMOs and MUFBs (subject to criteria) and has increased its maximum loan size to £2.5m, up from £2m.
Shawbrook Bank – has updated its criteria and simplified its process to make it easier for property investors to fund properties let to operators of social housing. This includes Shawbrook’s complex buy-to-let and structured real estate products, with loans from £50,000 to £50m and rates starting from 4.79 per cent. These support a range of residential assets including single units, HMOs and MUFBs up to 10 units as individual loans or as part of a larger portfolio facility. Properties will be assessed on the same basis as if let in the private rented sector, and this includes the use of AVMs for eligible securities.