Several lenders have recently adjusted their buy to let (BTL) and holiday let mortgage offerings, signalling increased flexibility and competitive rates for landlords ahead of 2026. These changes provide landlords and letting agents with more options to finance property investments, whether for traditional rental portfolios or holiday lets, reflecting evolving market demands.

Paragon Bank expands lending limits and removes income restrictions

Paragon Bank has revised its lending criteria to attract more landlord business, increasing maximum loan sizes across its buy to let mortgage range. The lender now offers loans up to £800,000 at 80% loan-to-value (LTV), £1.2 million at 75% LTV, and £1.7 million at 70% LTV. Notably, at 65% LTV, landlords with three or fewer mortgaged properties can borrow up to £2 million.

For larger operators, limited companies, and applicants seeking mortgages for houses in multiple occupation (HMOs) or blocks of flats, the lending ceiling remains at £4 million. Additionally, Paragon has removed its minimum income requirement of £25,000 for landlords with four or more mortgaged properties, broadening access to its products.

These changes coincide with the launch of Paragon’s new origination platform, which facilitates faster case handling for landlords with up to 15 units and offers a multi-property application process covering up to 99 assets. Russell Anderson, Paragon’s commercial director, emphasised that the new maximum loan limits provide greater flexibility, enabling landlords to pursue a wider range of buy to let opportunities.

Cumberland reduces holiday let fixed rates

The Cumberland has lowered its fixed rates for holiday let mortgages by 0.20% on both two- and five-year products, reducing rates from 4.98% to 4.78%. These products carry a £999 fee and are available to both purchasers and remortgage applicants.

Grant Seaton, head of intermediary lending at Cumberland, explained that broker feedback influenced the rate cuts, aiming to improve affordability for holiday let landlords seeking better deals in 2026.

Dudley Building Society updates expat, buy to let and holiday let products

Dudley Building Society has refreshed its mortgage range for expats, buy to let, and holiday let borrowers, offering more choice to meet increasingly complex borrower needs. Rates start at 5.45%, with options including two- and five-year fixed deals as well as discount products.

For expats, two-year fixed rates are available at 5.85% and five-year fixed at 5.65%, both at 65% LTV. Landlords can access an 80% LTV two-year fixed rate at 5.70% or a 70% LTV discount product priced at 2.99% below the standard variable rate. Holiday let borrowers have two-year and five-year fixed options at 5.90% and 5.80% respectively, both up to 80% LTV.

Fees start at £999 for expat cases and £750 for buy to let and holiday let deals, rising depending on term and LTV. All products permit up to 10% annual overpayments without penalty, allowing advisers to incorporate flexible repayment plans into suitability assessments. Rob Oliver, Dudley’s distribution director, noted that the new range was shaped by broker feedback and data analysis to address areas where the lender could make a significant difference.

Accord Mortgages cuts buy to let remortgage rates

Accord Mortgages has reduced rates on its buy to let remortgage products. Two-year fixed rates up to 75% LTV have fallen by up to 0.10%, while rates up to 65% LTV have decreased by 0.03%. Key offers include a 4.08% two-year fix at 75% LTV with a £995 fee, free valuation, and remortgage legal services. Another option at 75% LTV is priced at 3.93% with a £1,995 fee and the same incentives.

Cheryl Bleasdale, Accord’s mortgage product manager, stated that the rate reductions reflect recent market interest rate decreases and aim to enhance the competitiveness of their buy to let range, delivering value to brokers and landlord clients.

Implications for UK landlords and letting agents

These lender updates provide landlords and agents with a broader selection of mortgage products tailored to different investment strategies, including portfolio expansion, holiday lets, and remortgages. The removal of income requirements and increased maximum loan sizes at various LTVs improve accessibility, particularly for landlords with multiple properties or those operating through limited companies.

Flexible features such as penalty-free overpayments and multi-property application routes enable landlords to manage their portfolios more efficiently and adapt to changing financial circumstances. Holiday let landlords benefit from reduced fixed rates, which may improve cash flow and investment returns in a competitive market.

Upcoming TLA Trusted Partners Hub

Looking ahead, the Tenant and Landlord Association (TLA) is launching a new Trusted Partners Hub in the first quarter of 2026. This initiative will feature verified and approved service providers selected to support landlords, tenants, and property management businesses. Legal, trades, insurance, financial, mortgage, tenant screening, and other service providers interested in joining the hub are invited to register their interest at https://landlordassociation.org.uk/become-a-tla-service-partner/.