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 25/09/2025.

Buy-to-let market update: 

The Mortgage Works – has decreased selected standard and limited company buy-to-let rates by up to 0.15 per cent. A two-year fixed rate at 65 per cent Loan to Value (LTV) has reduced to 2.74 per cent with a 3 per cent lender completion fee and a five-year fix at 75 per cent LTV has reduced by 0.14 per cent to 3.76 per cent with a 3 per cent lender completion fee. Both products are available for new purchase or remortgage customers.

In its limited company range, a two-year fixed rate at 75 per cent LTV has reduced to 3.87 per cent and a five-year fix has reduced to 4.52 per cent, both available for purchase and remortgage, with a 3 per cent lender completion fee and free valuation.

Virgin Money – has decreased two-year fixed rate buy-to-let products with a 3 per cent lender completion by up to 0.15 per cent, now starting from 2.83 per cent at 60 per cent LTV and 3.04 per cent at 75 per cent LTV.

BM Solutions – has increased and decreased selected products for personal ownership buy-to-let and let-to-buy landlords.

NatWest – has released a range of buy-to-let products, including purchase and remortgage options. The products range from 60 per cent to 75 per cent LTV and include a two-year fixed purchase deal priced at 3.63 per cent with a £3,999 lender completion fee.

There are also five-year fixed purchase products at 75 per cent LTV, with lender completion fees starting at £1,499. At the lower lender completion fee, the rate is 4.33 per cent, while pricing is 4.28 per cent with a £1,999 lender completion fee. With a £3,999 lender completion fee, the rate is 4.08 per cent, 3.98 per cent with a £4,999 lender completion fee or 3.88 per cent with a £5,999 lender completion fee.

Santander for Intermediaries – has decreased rates by 0.05 per cent on buy-to-let (BTL) remortgage 60 per cent, 65 per cent and 75 per cent LTV, two- and five- year fixed rates.

Metro Bank – has decreased rates by 0.1 per cent across their buy-to-let HMO and MUFB range, two-year fixed rates now start from 3.59 per cent and five-year fixed rates now start from 4.69 per cent.

HSBC – will now offer a £350 cashback for selected buy-to-let purchase or remortgage applications providing there is an in-date Energy Performance Certificate (EPC) rating of A or B.

Accord Mortgages – has increased rates on its buy-to-let new business range. The lender’s 60 per cent LTV tracker rates have increased by up to 0.09 per cent while 75 per cent LTV tracker rates have gone up by up to 0.1 per cent.

Paragon Bank – has launched new products. With rates starting from 3.35 per cent (two-year fixed) and 4.29 per cent (five-year fixed) for single self-contained properties, and 3.70 per cent (two-year fixed) and 4.64 per cent (five-year fixed) for HMOs and multi-unit blocks all of these products benefit from a free mortgage valuation.

The lender has a shared exclusive range of products for NRLA members. This shared exclusive range of products is aimed at landlords and developers investing in single self-contained (SSC), houses in multiple occupation (HMOs) and multi-unit blocks (MUBs). Paragon Bank and NRLA Mortgages are excited to offer members shared exclusive access to 2-year fixed rates, on the Paragon 75 per cent Range.

All semi-exclusive 2-year fixed rate (SSC) products offer a free valuation, no lender application fee and £350 cashback (£350 cashback not available on Paragon core range products).

The 2 year-fixed rate (HMO/MUB) product offers a free valuation and no lender application fee (usually £299 on Paragon core range products). 

Kent Reliance for Intermediaries – has updated their buy-to-let range and introduced two- and five-year fixed rates, two-year rates start from 3.34 per cent and five-year rates start from 4.36 per cent and include various lender completion fee options of 2 per cent, 5 per cent or 7 per cent with 55 per cent-80 per cent LTV’s available.

Rely – has decreased rates across their buy-to-let product range with rates now starting from 2.95 per cent.

The Mortgage Lender (TML) – has decreased rates by 0.05 per cent on five-year fixed products with fees for standard properties, and by 0.1 per cent on five-year fixed products for houses in multiple occupation and multi-unit blocks.

Landbay – has launched a new range of holiday let mortgages. The lender has introduced four fixed-rate products, all available up to 75 per cent LTV. These include a two-year fix at 4.19 per cent with a 5 per cent lender completion fee and an alternative two-year fix at 5.19 per cent with a 3 per cent lender completion fee.

For landlords seeking longer-term certainty, a five-year fixed at 5.29 per cent with a 5 per cent lender completion fee is available, alongside a 5.69 per cent option with a 3 per cent lender completion fee. Loan sizes range from £100,000 to £1 million, with a maximum of five properties allowed.

Alongside the new range, the lender has also restructured its wider buy-to-let offering into three product sets. Its Premier set covers standard products for landlords with up to 15 properties in limited company SPVs.

The Core set is aimed at portfolio landlords and includes access to automated valuation models.

The Specialist set will provide finance for more complex cases, such as holiday lets, HMOs, MUFBs and trading companies.

ModaMortgages – has expanded its buy-to-let range by launching eight limited edition products at 80 per cent LTV. The lender has introduced four products to its single dwelling range and four to its small HMO and MUFB range, catering for properties with up to six bedrooms or units.

The new offers include two and five-year fixed rates, with borrowers able to choose between a 3 per cent lender completion fee or a £1,999 flat lender completion fee. Rates start at 4.54 per cent for two-year fixes on single dwellings and 4.64 per cent for small HMOs and MUFBs, with five-year fixes available from 5.34 per cent and 5.44 per cent respectively.

Fleet Mortgages – has launched three new 65 per cent LTV two-year fixed-rate buy-to-let products. The trio of products sit within its standard borrower range and come with cashback of £1,000, no lender application fee and a free valuation on properties up to £500,000.

The lender has also decreased rates by up to 0.15 per cent on its 75 per cent LTV HMO and multi-unit freehold block (MUFB) products, making cuts across both two- and five-year fixes.

Leeds Building Society for Intermediaries – has decreased rates on selected limited company buy-to-let products, by up to 0.17 per cent.

Shawbrook Bank – has decreased rates by up to 0.4 per cent on complex buy-to-let products, under £1m in loan size.

Aldermore Bank – has decreased rates across its buy-to-let range including for houses in multiple occupation, and on five-year deals for landlords with single rental properties, where rates are reduced by up to 0.3 per cent and now start from 6.09 per cent.

For single properties, the lender has launched a limited edition 75 per cent LTV two-year fixed rate at 3.29 per cent with a 5 per cent lender completion fee. An equivalent two-year limited-edition deal for multi-property portfolios has also been launched at 3.24 per cent, with the same lender completion fee and LTV.

CHL Mortgages – has unveiled a complete refresh of its buy-to-let range, including an expansion in the number of products, rate cuts, new LTV tiers and increased fee options.

The specialist lender has expanded its product offering and cut rates across its CHL 1 and CHL 2 ranges. Rates for single dwelling two-year fixed-rate products now start from 2.24 per cent, with rates for small HMO/MUFB two-year fixed rates now from 2.34 per cent and from 2.76 per cent for short-term let two-year fixed rates.

Free valuations are available on selected products across all property types, including large HMOs and MUFBs, with mortgages open to individual and limited company landlords.

Foundation Homeloans – has widened its buy-to-let criteria to accept single household properties let to Housing Association and Local Authority tenants. The new criteria apply to individual and limited company landlords on eligible single household buy-to-let and solutions products. Lease agreements of up to five years will be considered.

United Trust Bank – has lifted restrictions on the maximum number of properties for large portfolio landlords. With immediate effect, there is no longer a limit on borrowers’ total portfolio size. Up to six properties can now be mortgaged with UTB and it will lend up to £2.5m in total.

Hinckley and Rugby for Intermediaries – has decreased rates on two of its buy-to-let products.

The lender’s two-year fixed rate at 75 per cent LTV has been cut from 5.65 per cent to 5.55 per cent. And its five-year fixed rate at 75 per cent LTV, has also been reduced from 5.72 per cent to 5.64 per cent. Both products include a non-refundable lender product fee of £1,249. The lender has also widened access to its buy-to-let products by opening them up to the whole of the market in Scotland.

This is an advertisement only and in no way should be viewed as a personal recommendation or advice. Before a recommendation of the suitability of the product can be given, we will direct you to 3mc (UK) Limited who can provide specialist mortgage advice. As part of this they will ask questions so that they can fully understand your circumstances before giving advice.

NRLA Mortgages is a trading name of LPTE Limited which is an Introducer Appointed Representative of 3mc (UK) Limited who is Authorised and Regulated by the Financial Conduct Authority and is entered on the FS Register under reference 302992.

Please note: 3mc can advise/arrange Business Buy to Let (BBTL) and Consumer Buy to Lets (CBTL). Of the two, only Consumer Buy to Lets are regulated by the FCA.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

ANY PROPERTY USED AS SECURITY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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