Fleet Mortgages has introduced a refreshed range of buy-to-let (BTL) remortgage products, featuring cashback incentives and reduced interest rates. This update is significant for landlords as it offers more competitive financing options, potentially lowering borrowing costs and providing cash benefits on completion.

New remortgage deals with cashback

Fleet Mortgages has launched new two- and five-year remortgage products available at 75% loan-to-value (LTV) for standard, limited company, and HMO or multi-unit freehold block (MUFB) borrowers. Each product includes cashback offers ranging from £500 to £1,000. Pricing for these deals starts at 4.54%, and eligibility is open to landlords who have owned their property for a minimum of six months.

These remortgage options are designed to support landlords looking to refinance their buy-to-let properties, offering a combination of competitive rates, cashback, and flexible terms. Such products can help landlords reduce monthly costs or secure greater financial certainty.

Rate reductions across Fleet’s BTL range

In addition to the new remortgage deals, Fleet has cut interest rates by up to 20 basis points on a wide selection of two- and five-year fixed-rate products. This reduction applies to both fee-paying and zero-fee options, enhancing affordability for landlords. Lifetime tracker rates have also been lowered by 25 basis points following the Bank of England’s recent base rate cut.

Furthermore, two-year tracker mortgages have shifted from percentage-based fees to a fixed fee of £1,499, simplifying cost structures for borrowers. Fleet has also introduced a new five-year fixed-rate product priced at 4.79% with a fixed £4,000 fee, available at 75% LTV for loans up to £750,000, targeting both standard and limited company borrowers.

Steve Cox, Fleet’s chief commercial officer, emphasised the importance of remortgage demand in the buy-to-let market. He noted that many mortgages will mature throughout 2026, prompting advisers to seek suitable options for landlord clients. The new range aims to provide meaningful choices in terms of rates, fees, and cashback, assisting landlords in improving their financial positions.

RAW Capital Partners introduces overpayment flexibility

RAW Capital Partners has added an overpayment feature across its mortgage range, allowing landlords greater control over their borrowing. New customers can make one fee-free overpayment of up to 10% of their outstanding loan balance annually without incurring early repayment charges. This flexibility is available to both UK and non-UK resident borrowers.

Tim Parkes, chief executive of RAW Capital Partners, explained that this option enables clients to reduce leverage, build equity, and manage costs more effectively while retaining the benefits of an interest-only mortgage structure.

HSBC reduces fixed-rate buy-to-let mortgage

Moneyfacts has highlighted a recent reduction in HSBC’s buy-to-let fixed-rate mortgage products. The five-year fixed-rate mortgage at 75% LTV is now priced at 3.79% until 28 February 2031, reflecting cuts of up to 0.10% across HSBC’s fixed-rate range.

Caitlyn Eastell, a spokesperson for Moneyfacts, noted that while the deal includes a substantial £3,999 product fee, this is partially offset by a free valuation incentive. The product permits overpayments, is open to second-time buyers, and is available throughout Great Britain and Northern Ireland.

Implications for UK landlords

These developments from Fleet Mortgages, RAW Capital Partners, and HSBC provide landlords with a broader selection of competitive buy-to-let mortgage options. Cashback incentives and rate reductions can improve landlords’ cash flow and refinancing prospects, particularly for those with mortgages maturing in the coming years. The introduction of flexible overpayment options also offers landlords more control over their loan management, which can be crucial in managing investment portfolios effectively.

Landlords should consider these options carefully in consultation with their mortgage advisers to identify the most suitable products for their circumstances, especially given the evolving interest rate environment and lending criteria.

Upcoming Trusted Partners Hub from TLA

The Landlord Association (TLA) is set to launch a new Trusted Partners Hub in the first quarter of 2026. This platform will feature verified and approved service providers selected to support landlords, tenants, and property management businesses. Service providers in legal, trades, insurance, financial, mortgage, tenant screening, and related sectors are invited to register their interest to join the hub at landlordassociation.org.uk/become-a-tla-service-partner/.