Buy to let landlords seeking to remortgage have been presented with improved borrowing options as several lenders reduce rates, reintroduce higher loan-to-value (LTV) products, and expand criteria for specialist property types. These changes provide greater flexibility for landlords, including those with more complex portfolios or properties such as houses in multiple occupation (HMOs) and semi-commercial assets.

Mortgage Lender cuts rates and restores 75% LTV products

The Mortgage Lender has reduced its buy to let rates by up to 0.35%, relaunching selected two- and five-year fixed-rate products at 75% LTV. Standard buy to let rates now start from 4.14%, while products designed for HMOs and multi-unit blocks begin at 4.29%.

This return of 75% LTV options offers brokers and landlords more opportunities for lower-leverage borrowing. The lender’s criteria allow loans of up to £3 million per property and £5 million per customer, with no cap on portfolio size.

Louise Apollonio, Sales and Distribution Director at The Mortgage Lender, commented: “By reducing rates and reintroducing 75% LTV products, we’re giving brokers more ways to place cases confidently, whether that’s for lower leverage borrowing or more complex properties like HMOs.”

Molo launches semi-commercial mortgage proposition

Molo has introduced a semi-commercial mortgage product aimed at freehold properties with residential units above commercial premises, such as restaurants and newsagents. This proposition targets mixed-use assets that often fall outside the appetite of traditional lenders.

Loan amounts range from £45,000 to £3 million, with five-year fixed rates starting at 6.55% for 75% LTV and 6.85% for 65% LTV. Molo’s criteria permit up to 75% LTV for non-fire-risk properties and up to 65% LTV for fire-risk properties on a case-by-case basis, with the commercial element capped at 40% of the total floor area.

Martin Sims, Distribution Director at Molo, explained: “Semi-commercial has traditionally sat in an ‘in-between space’ for some borrowers and brokers. Cases are often too complex for standard buy to let underwriting, but at the same time they do not necessarily warrant the heavier process and structure that goes along with large-scale commercial lending.”

Fleet Mortgages reintroduces five-year fixed-rate options

Fleet Mortgages has brought back zero-fee and fixed-fee five-year fixed-rate buy to let mortgages across its standard and limited company ranges. These products are available for purchase and remortgage at 75% LTV, with the zero-fee option priced at 5.89% and the fixed £3,999 fee option at 5.59%.

Both options require a minimum loan size of £25,001. The fixed-fee mortgage has a maximum loan size of £750,000, and free valuations are available on loans up to £500,000. Each product carries a £199 application fee.

Steve Cox, Chief Commercial Officer at Fleet Mortgages, said: “By reintroducing these product options, we can offer advisers and their landlord clients further choice depending on how they want to structure their borrowing. Some will want to keep upfront costs as low as possible, particularly in the current environment, while others will be focused on securing a lower rate over the fixed term, even if that means paying a higher fee at the outset.”

Coventry for Intermediaries reduces selected buy to let rates

Coventry for Intermediaries has cut selected buy to let rates by up to 12 basis points. New options include a 5.23% five-year fixed rate to 30 November 2031 at 75% LTV for limited company buy to let, with a £1,999 fee.

Jonathan Stinton, Head of Intermediary Relationships at Coventry, noted: “With borrowers and brokers closely watching every rate movement in what’s been a fast-moving market, small changes can make a difference to advice. By reducing rates across key buy to let products, we’re giving intermediaries more choice when recommending the most suitable solutions for their clients.”

What this means for landlords

These developments signal a more accommodating lending environment for buy to let landlords amid a period of rising mortgage costs. The return of higher LTV products and the introduction of specialist lending options provide landlords with greater flexibility to manage borrowing costs and portfolio growth.

Landlords with complex property types, such as HMOs or mixed-use assets, now have access to tailored mortgage products that better reflect their unique needs. Additionally, the availability of zero-fee and fixed-fee options allows landlords to balance upfront costs against long-term interest rates, enabling more strategic financial planning.

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/

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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/