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. The information within this article is correct as at 29/01/2026.
BM Solutions – has decreased selected buy-to-let and let-to-buy fixed rates by up to 0.12 per cent. At the same time, they have also reduced their limited company buy-to-let products by up to 0.14 per cent.
The Mortgage Works – has decreased buy-to-let rates by up to 0.2 per cent on a selection of fixed rates.
The lender’s one-year fixed rate purchase and remortgage deal with a 2 per cent lender fee and available up to 75 per cent loan to value (LTV) is priced at 2.29 per cent, a decrease of 0.2 per cent.
Its two-year purchase and remortgage fixed rate with a 3 per cent lender fee up to 65 per cent LTV has decreased by 0.1 per cent to 2.49 per cent.
Their two-year fixed remortgage-only rate with 2 per cent lender fee up to 75 per cent LTV has decreased by 0.03 per cent to 2.84 per cent. It also comes with free valuation and free legal.
Their five-year fixed remortgage-only rate with a 3 per cent lender fee up to 75 per cent LTV has decreased by 0.1 per cent to 3.57 per cent. It is subject to free valuation and free legal.
Coventry for Intermediaries – has introduced a new range of products designed to reward landlords who invest in energy-efficient properties. Available for both buy-to-let and limited company buy-to-let landlords, the products offer lower rates for properties with an EPC rating of A, B or C. Coventry will verify a property’s rating using the official government EPC register and for new-build purchases, landlords will need to provide a Predicted Energy Assessment (PEA). The products are available for both purchase and remortgage applications.
Virgin Money – has decreased buy-to-let rates by up to 0.21 per cent, with 60 per cent LTV two-year fixes starting from 3.87 per cent with a £2,195 lender fee or 3.89 per cent with a 1 per cent lender fee.
At 75 per cent LTV, two-year fixed rates now start from 3.87 per cent and five-year rates from 4.1 per cent, both with a £2,195 lender fee.
NatWest – has decreased selected buy-to-let rates by up to 0.11 per cent on selected purchase and remortgage deals on two- and five-year terms from 60 per cent to 75 per cent LTV. This includes its two-year fixed rate remortgage rate at 75 per cent LTV with a £3,499 lender fee reducing from 3.6 per cent to 3.49 per cent.
Santander for Intermediaries – has decreased selected buy-to-let rates. For BTL remortgage, all 60 per cent, 65 per cent and 75 per cent LTV two-year fixed rates have been cut by up to 0.04 per cent, while all 60 per cent and 65 per cent LTV five-year fixed rates have been trimmed by up to 0.04 per cent.
Leeds for Intermediaries – has decreased selected buy-to-let and portfolio buy-to-let rates by up to 0.08 per cent.
TSB – has decreased mortgage rates across selected buy-to-let products. The bank’s two- and five-year fixed BTL purchase, and remortgage rates have been reduced by up to 0.35 per cent. Pricing now starts at 3.79 per cent for a BTL two-year fixed purchase product up to 60 per cent loan to value (LTV) with a £1,995 lender fee, 4.09 per cent with a £995 lender fee and 4.29 per cent with no lender fee. The five-year fixed equivalents have rates of 3.99 per cent, 4.09 per cent and 4.19 per cent respectively.
Accord Mortgages– has enhanced its top slicing criteria to accept first-time landlords subject to applicants having a minimum (single or joint) household income of £75,000 (excluding rental income).
The change allows first-time landlords the flexibility to use personal income to bridge any shortfall between the mortgage they need and their rental income (known as top slicing).
Accord has also reduced the minimum income for top slicing to £40,000 (was £50,000) for experienced landlords.
Paragon Bank – has expanded its buy-to-let mortgage offering with the launch of six new two-year Bank Base Rate tracker products. The new products, available at up to 75 per cent loan-to-value, sit alongside Paragon’s existing five-year Bank Base Rate tracker mortgages and are designed to give landlords greater flexibility.
The two-year deals are not subject to early repayment charges, allowing borrowers to switch or redeem at any point during the term without penalty.
Rates start from 5.1 per cent, equivalent to Bank Base Rate plus 1.35 per cent, for single self-contained properties. For landlords borrowing against Houses in Multiple Occupation or multi-unit blocks, pricing starts from 5.45 per cent, or Bank Base Rate plus 1.7 per cent.
Landlords can choose from three lender fee options of 0.75 per cent, 1 per cent or 1.5 per cent. The products are available for both purchase and remortgage, with interest coverage ratios calculated at the product’s initial rate plus two percentage points.
In line with Paragon’s recently launched five-year Bank Base Rate tracker products, the two-year range includes free valuations across all property types and no application fees for single self-contained properties. Applications for HMOs and multi-unit blocks carry a £299 fee.
The lender has increased its maximum loan limits across its range of buy-to-let mortgages, as well as removing minimum income requirements for portfolio landlords, to provide further support and flexibility to landlords.
The lender has also updated the shared exclusive range of products for NRLA members. These selected products are 0.1 per cent cheaper when compared to the lender core range.
Foundation – has launched semi exclusive buy-to-let products for first time buyer/first time landlords. The semi exclusive criteria are available through 3mc and NRLA Mortgages. Fixed rates start from 5.84 per cent, are available up to 75 per cent LTV and have a lender fee of 1.5 per cent.
Landbay – has partnered with an AI-assisted conveyancing firm to launch a new range of five-year fixed buy-to-let remortgage deals with free legals and valuations. Conveyd uses artificial intelligence alongside human technical expertise with the aim of speeding up the process. Designed to reduce upfront costs for landlords with straightforward remortgage cases, Landbay’s new Premier range starts from 5.09 per cent at 75 per cent loan-to-value.
Lender completion fees are tiered depending on loan size, from £999 to £1,999. The range covers loans between £30,000 and £750,000 with a maximum property value of £1.5m.
The products are available to landlords with up to 15 properties, including those borrowing in their personal name and those borrowing through a limited company.
Fleet Mortgages – has added remortgage products with cashback options to its range at 75 per cent loan to value (LTV). The lender has added two- and five-year fixed remortgages for standard, limited company and house in multiple occupation (HMO) and multi-unit freehold block (MUFB) borrowers. The products come with a cashback incentive between £500 and £1,000. Rates in the range start at 4.54 per cent and are available to borrowers who have owned a property for at least six months.
The lender has also reduced rates across existing products by up to 0.2 per cent, applied to two- and five-year fixed rates with both fee-paying and fee-free options.
Saffron for Intermediaries – has decreased rates across their Expat Buy to Let and HMO BTL ranges, with reductions of up to 0.5 per cent. The lender has also launched a large HMO buy-to-let mortgage. The new product has features including a maximum loan size of £3 million, up to 70 per cent LTV and no cap on the maximum number of bedrooms.
Saffron will also accept student lets, and the mortgage is available in personal name or limited company ownership with no minimum income requirement.
Aldermore Bank – has launched new zero fee, limited-edition mortgage products for landlords.
The new fee-free buy-to-let range includes a two-year fixed rate at 5.39 per cent and a five-year fix at 5.22 per cent, available up to 75 per cent LTV.
For portfolio landlords, a two-year fix has launched at 5.34 per cent and a five-year fix at 5.17 per cent.
CHL Mortgages – has launched a collection of limited-edition free valuation HMO and MUFB products. The collection of ten products is suitable for properties with up to six bedrooms or units and features rates starting from 2.44 per cent for two-year fixed rates and from 4.54 per cent for five-year fixed rates.
Products are available up to 75 per cent LTV, with landlords having the choice between 0 per cent, 2 per cent, 3.5 per cent, 5 per cent and 7 per cent lender fee options.
Family Building Society – Buy-to-let HMO product will now accept properties with up to 6 Bedrooms (from 4).
Pepper Money – has introduced free valuations across Pepper48 and Pepper36 buy-to-let products. The change applies to both individual and limited company applications.
The lender will now also support HMOs on properties with an EPC rating of D or E, broadening eligibility beyond the existing A–C requirement.
Shawbrook Bank – has decreased rates across its SB1 Specialist Buy to Let range, with cuts of up to 0.5 per cent on selected products for single let, HMO and MUFB properties.