Buy to let lenders are expanding their finance options for landlords, introducing new products and adjusting lending criteria to better meet the evolving needs of the market. These changes offer greater flexibility for landlords seeking larger loans, funding for property improvements, or purchasing through limited companies.

Buckinghamshire Building Society increases loan limits and product range

Buckinghamshire Building Society has raised its maximum loan amount for buy to let and holiday let mortgages from £500,000 to £750,000. The society has also reopened selected fixed-rate products and introduced new limited company special purpose vehicle (SPV) products. Among these is a three-year buy to let fixed rate at 6.19% for loans up to 80% loan-to-value (LTV).

Additionally, Buckinghamshire BS has launched an expat buy to let three-year fixed deal at 6.29% up to 80% LTV, alongside a holiday let two-year fix starting at 6.09% up to 75% LTV. An expat holiday let two-year fix is also available at 6.19% up to 75% LTV. Each of these four products carries a £1,500 fee.

Claire Askham, head of mortgage sales at Buckinghamshire BS, commented: “We’ve seen continued appetite from landlords and expat investors who are looking for greater flexibility, larger loan sizes and products that reflect how the market is evolving.”

Paragon Bank enhances further advance options

Paragon Bank has lowered the minimum loan size on its buy to let further advance range to £2,000 and reduced product rates by 20 basis points. The bank is also integrating advance applications into its mortgage originations platform in response to broker feedback, which should streamline the application process.

Where property inspections are not required, Paragon can issue offers within 48 hours, with funds released within 24 hours of receiving a signed offer acceptance. The lender is utilising automated valuation models and other data sources to reduce the need for in-person revaluations, aiming to speed up the process.

Paragon will provide indications of available additional borrowing in most cases, with underwriters assessing applications where this is not possible. Its five-year fixed further advance mortgages start at 6.25%, available up to 75% LTV for single self-contained properties, while two-year fixes begin at 6.40%. Equivalent products for houses in multiple occupation (HMOs) and multi-unit blocks are priced 20 basis points higher.

Andrew Smart, head of mortgages transformation at Paragon, said: “A substantial proportion of the further advance business we write supports home providers to improve their properties. Making this finance quicker and easier to access will be particularly beneficial for those investing to remain compliant with new regulations.”

Leeds Building Society reduces five-year fixed rate

Moneyfactscompare.co.uk has highlighted a Leeds Building Society five-year fixed rate buy to let mortgage as its latest Pick of the Week following a 0.22% rate reduction. The product is fixed at 4.67% until 31 August 2031 and is available up to 60% LTV for second-time buyers and remortgage customers.

This mortgage carries a £1,499 product fee but includes a free valuation for all borrowers. Remortgage customers may also receive help towards costs, and the deal permits overpayments. Caitlyn Eastell, personal finance analyst at Moneyfactscompare.co.uk, noted: “While landlords may note the £1,499 fee, this is partly offset by its incentive package which includes a free valuation for all borrowers, while remortgage customers will also receive help towards costs.”

ModaMortgages launches limited edition fixed-rate products

ModaMortgages has introduced limited edition five-year fixed rate buy to let products for both individual landlords and limited companies. Rates for single dwelling properties start at 5.14%, with products for HMOs and multi-unit freehold blocks of up to six bedrooms or units beginning at 5.24%.

Borrowers can select products at either 75% or 80% LTV, with various fee options available. Roger Morris, group distribution director at Chetwood Bank, remarked: “With options up to 80% LTV and free valuations across the range, they make it easier for landlords to secure long-term stability with confidence.”

What this means for landlords

These developments signal a more accommodating lending environment for landlords, particularly those seeking larger loans or financing property improvements. The introduction of limited company SPV products and expat-specific deals reflects the market’s diversification and the need for tailored finance solutions.

Faster processing times and reduced requirements for physical valuations, as seen with Paragon Bank, may help landlords access funds more quickly, supporting timely property upgrades and regulatory compliance. Meanwhile, competitive fixed rates and incentives such as free valuations can help landlords manage costs more effectively in a rising interest rate environment.

Source: Based on reporting from Property118

TLA Training Academy

The Landlord Association has launched its new Training Academy for UK landlords, providing structured guidance, compliance education, and practical knowledge to support landlords at every stage. Members can now complete the programme and become TLA Certified Landlords at no additional cost as part of their membership.

Landlords can explore the Academy here: https://landlordassociation.org.uk/tla-academy/

Those looking to join and access the full training and certification can register here: https://landlordassociation.org.uk/landlord-association-membership-uk/

TLA update

The Landlord Association is currently onboarding new service providers into its Trusted Partner Hub, a new initiative designed to support landlords, tenants, letting agents, and property managers with vetted, high-quality services. As one of the fastest growing landlord associations in the UK, TLA offers partners direct access to an engaged and active member base at the point of need. Service providers across legal, maintenance, insurance, finance, mortgages, tenant screening, and property services can register their interest here: https://landlordassociation.org.uk/become-a-tla-service-partner/