Several UK lenders have recently reduced buy to let mortgage rates and broadened their product offerings, reflecting a dynamic market environment. These adjustments affect a range of products, including five-year fixed rates, trackers, and short-term let mortgages, providing landlords with more options to suit their investment strategies.

Fleet Mortgages cuts rates and expands options

Fleet Mortgages has lowered its pricing by 20 basis points on its three per cent fee, 75% loan-to-value (LTV) five-year fixed products. This reduction applies across standard, limited company, and Houses in Multiple Occupation (HMO) and multi-unit freehold block (MUFB) ranges. The new rates stand at 5.04% for standard and limited company borrowing, and 5.49% for HMO and MUFB properties.

In addition to these cuts, Fleet has reintroduced a wider selection of five-year fixed options, including zero-fee and £3,999 fee products. Standard and limited company pricing for these start at 5.69% and 5.39% respectively, while equivalent HMO and MUFB products begin at 6.14% for zero-fee and 5.79% for the £3,999 fee option.

New tracker products from Fleet

Fleet has also launched three two-year product transfer tracker mortgages across all ranges. Standard and limited company trackers are priced at Bank Base Rate (BBR) plus 0.5%, currently 4.25%, while HMO and MUFB trackers are set at BBR plus 1.15%, currently 4.90%. Each product carries a 2.5% completion fee.

Steve Cox, Fleet’s chief commercial officer, commented: “Some landlords are looking for longer-term certainty and are comfortable paying for that through a fixed fee, while others are more focused on managing initial outlay or retaining flexibility. That is why maintaining a range that works across those different needs is key, particularly when market conditions remain changeable.”

CHL Mortgages reduces rates on short-term let and limited edition products

CHL Mortgages has cut rates by up to 25 basis points on its short-term let products and by up to 10 basis points on its limited edition buy to let range. Limited edition deals for single dwellings now start at 2.85%, increasing to 2.95% for HMO and MUFB properties with up to six bedrooms or units. Short-term let products, including holiday lets and serviced accommodation, now begin at 3.46%.

The CHL range is available to both individual and limited company landlords, offering fee options, up to 80% LTV, and free valuations on selected short-term let products. Roger Morris, CHL’s distribution director, said: “The reductions reflect our focus on delivering greater value for landlords while giving them the opportunity to diversify their portfolios and explore other investment opportunities.”

Darlington Building Society cuts buy to let rates

Darlington Building Society has reduced rates across its buy to let range, with some products cut by up to 50 basis points. Its five-year fixed standard product at 80% LTV is now priced at 5.49%, down from 5.99%. Chris Blewitt, head of mortgage distribution at Darlington, stated: “We have focused on making meaningful reductions where we know there is demand, particularly within buy to let and higher LTV residential lending. As always, the aim is to remain consistent in how we approach lending, with a common sense view on cases and a willingness to look at scenarios that may not fit a more automated approach.”

Leeds Building Society’s competitive two-year fixed deal

Leeds Building Society’s two-year fixed buy to let deal at 60% LTV has been highlighted as Moneyfactscompare.co.uk’s ‘Pick of the Week’. The product is priced at 4.79% until 31 July 2028, with a £1,499 fee, and includes a free valuation and support with remortgage costs. Caitlyn Eastell, personal finance analyst at Moneyfactscompare.co.uk, noted: “The two-year option at 60% loan-to-value takes a prominent position as a best buy and is priced at a competitive 4.79% until 31 July 2028. Landlords looking to save on upfront costs may be pleased to note that the £1,499 product fee is offset by its attractive incentive package which includes a free valuation for both second time and remortgage customers, however, remortgage customers could also receive help towards costs.”

Aldermore introduces new fee structures and rate reductions

Aldermore has reduced fixed rates by 0.20% across its buy to let range and reintroduced a broader selection of fee structures. New two- and five-year fixed products are available from 3.99%, with multiple options at 75% and 80% LTV. For example, a two-year fixed at 75% LTV with a 3% fee is priced at 4.99%, while a five-year fixed at 75% LTV with a 7% fee is at 4.84%.

Additional five-year options include a 1.5% fee product at 5.94% and an £1,999 fee version at 6.14%. Portfolio landlords can access rates starting from 3.94% following the same 0.20% reduction, with new five-year fixed options including a 7% fee product at 4.79% and a 1.5% fee version at 5.89%. Existing borrower product switch rates have also been reduced, with two-year fixes starting from 6.79%. New five-year fixed zero-fee products are available at 70% and 75% LTV at 6.54%, and at 85% LTV at 7.04%.

Jon Cooper, Aldermore’s director of mortgages, said: “Our latest rate reductions, alongside the reintroduction of discount products and a broader range of fee options, are designed to help brokers support their clients in a changing market.”

What this means for landlords

The recent rate cuts and expanded product ranges across multiple lenders provide landlords with greater flexibility to tailor their mortgage arrangements to their individual needs. Whether seeking longer-term fixed certainty or lower initial costs through tracker products, landlords now have a wider selection to consider. The inclusion of options for limited companies, HMOs, MUFBs, and short-term lets also reflects the diverse nature of the buy to let market.

These changes may encourage landlords to review their current mortgage deals and explore opportunities to reduce borrowing costs or adjust terms to better suit their investment strategies. The availability of free valuations and support with remortgage costs on some products could further ease the process of switching or securing new finance.

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/