Buy-to-Let Lenders Introduce Lower Rates and Cashback Incentives for Remortgages

Summary: Several UK buy-to-let lenders have launched new remortgage deals featuring reduced interest rates and cashback offers, aiming to support landlords managing their property portfolios. These changes reflect increased competition in the market and provide landlords with clearer pricing and assistance with upfront costs.

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SEO Meta Description: UK buy to let remortgage deals now offer cashback and reduced rates, helping landlords manage costs and secure competitive finance options.

New Remortgage Deals with Cashback from Landbay

Landbay has introduced five new five-year fixed remortgage products under its Premier range, each offering £500 cashback alongside a free property valuation. These deals are aimed at borrowers with portfolios of up to 15 properties and are available to both individual landlords and limited companies.

All five options carry an interest rate of 5.09% for loans up to 75% loan-to-value (LTV). However, the arrangement fees vary depending on the loan amount, starting at £899 for loans up to £150,000 and increasing incrementally to £1,899 for facilities up to £1 million.

Rob Stanton, Landbay’s sales and distribution director, explained the rationale behind the product structure: “These new five-year, fixed-rate remortgage products are built around what brokers are telling us landlords need right now, which is clear pricing and tangible support with upfront costs.” This approach aims to simplify discussions with brokers and reduce initial financial pressures for landlords reviewing their existing finance arrangements.

Foundation Reduces Rates Across Specialist Buy-to-Let Products

Foundation has implemented rate cuts of up to 30 basis points on selected buy-to-let mortgage lines, including standard and large Houses in Multiple Occupation (HMOs) and multi-unit freehold blocks (MUFBs). Entry rates for these products now start at 4.24%.

The lender has also added new two- and five-year fixed-rate options with 3% fees at 65%, 75%, and 80% LTV for both HMO and MUFB properties. Holiday lets and short-term lets have benefited from reductions of up to 15 basis points, with starting rates now at 5.99%.

Grant Hendry, Foundation’s director of sales, commented: “By reducing pricing across many of our specialist products, we’re reinforcing both the breadth of our range and our reliability as a lending partner in a market where brokers and their clients need options they can trust.”

ModaMortgages Cuts Rates on Limited Edition Two-Year Fixes

ModaMortgages has repriced selected limited edition two-year fixed-rate products, reducing rates by up to 20 basis points. For single dwelling properties at 75% LTV, rates now start at 2.79%, increasing to 3.39% at 80% LTV.

HMO and MUFB options, covering properties with up to six bedrooms or units, have also seen rate reductions, with entry points from 2.99%. These products are available to both company and personal borrowers and include free valuations with various fee structures.

Darrell Walker, Moda’s group sales director, said: “We know affordability remains crucial, and this reduction ensures we can offer competitive, well-priced solutions that help landlords plan with greater certainty and support brokers in meeting client demand.”

Atom Bank Refreshes Commercial Mortgage Rates

Atom Bank has lowered rates across its commercial mortgage range by as much as 0.62%, with average reductions of 0.30% for trading enterprises and 0.20% for investment transactions. Rate cuts between 0.15% and 0.62% are now live.

Additionally, borrowing under the Growth Guarantee Scheme for operating businesses has fallen by 0.30% across both variable and fixed rate structures. This follows the introduction of a 0.25% discount for borrowers with debt or interest coverage ratios of 200%.

Tom Renwick, Atom’s head of business lending, stated: “This latest rate reduction, alongside our new discounts for high-quality cases, reinforces our commitment to providing SMEs with the sustainable, low-cost funding they need to thrive.”

What This Means for UK Landlords

The recent rate cuts and cashback offers from buy-to-let lenders provide landlords with opportunities to reduce borrowing costs and ease upfront expenses when remortgaging. Clearer pricing structures and tailored products for portfolios of various sizes can help landlords manage their financing more effectively.

Specialist product rate reductions, particularly for HMOs, MUFBs, and holiday lets, reflect lenders’ recognition of the diverse needs within the private rented sector. Landlords should consider reviewing their current mortgage arrangements to take advantage of these competitive deals, potentially improving cash flow and long-term investment returns.

Suggested internal link anchors

• buy to let remortgage deals
• five-year fixed remortgage
• loan-to-value (LTV)
• Houses in Multiple Occupation (HMOs)
• multi-unit freehold blocks (MUFBs)
• holiday lets and short term lets
• commercial mortgage range
• Growth Guarantee Scheme
• debt coverage ratios
• property portfolio management
• mortgage arrangement fees
• broker support for landlords

TLA update

TLA is launching a new Trusted Partners Hub in Q1 2026, featuring verified and approved service providers selected to support landlords, tenants, and property management businesses. We are inviting legal, trades, insurance, financial, mortgage, tenant screening, and other service providers to register their interest here: https://landlordassociation.org.uk/become-a-tla-service-partner/