Four prominent buy-to-let lenders have introduced a series of mortgage rate adjustments, offering landlords a range of new options amid ongoing cost pressures in the property market. These changes include competitive tracker and fixed-rate products, as well as reductions in selected specialist and commercial mortgage rates.

New Tracker and Fixed-Rate Products from The Mortgage Works

The Mortgage Works (TMW) has launched three new two-year tracker mortgage products for both new and existing buy-to-let customers. Each product is available up to 65% loan-to-value (LTV) and carries a 1% arrangement fee. The purchase and remortgage tracker, which includes a free valuation, is priced at 4.19%. For remortgage-only customers, a product with a free valuation and free legal work is offered at 4.29%. Existing customers looking to switch can access a tracker rate of 4.19%.

In addition to these new trackers, TMW has reduced selected fixed rates by up to 0.15 percentage points across its buy-to-let and let-to-buy ranges. Notably, its five-year fixed purchase and remortgage product at up to 75% LTV has dropped by 0.15 percentage points to 4.39%, with a 3% fee. Another five-year fixed product, available up to 65% LTV with no fee, has been cut by 0.10 percentage points to 4.97%. Existing customers switching to a five-year fixed rate at up to 65% LTV will now pay 4.29%, a reduction of 0.05 percentage points, with a 3% fee. The no-fee two-year fixed switcher at up to 75% LTV has also fallen by 0.13 percentage points to 5.27%.

Keir Fraser, TMW’s lead manager, commented: “These latest cuts across our buy to let range are a welcome boost for landlords, especially at a time when cost pressures continue to remain front of mind.”

Shawbrook and The Mortgage Lender Enhance Buy-to-Let Offerings

Shawbrook and The Mortgage Lender (TML) have also announced rate reductions and new products. TML has introduced a limited-edition five-year fixed product starting at 4.74%, available with either a 2% or 5% completion fee and including a free valuation. Furthermore, TML has cut selected two- and five-year fixed rates by up to 15 basis points, with five-year fixed rates for Houses in Multiple Occupation (HMOs) now beginning at 5.06%.

Shawbrook has reduced selected specialist buy-to-let rates by up to 25 basis points. Rates for single lets between £150,000 and £2.5 million now start at 4.84%, while HMO and multi-unit freehold block products of up to 10 units begin at 4.89%. Additionally, TML has revised its multi-loan offering and removed the £150 application fee from all expatriate products.

Daryl Norkett, Shawbrook’s director of real estate proposition, said: “These latest enhancements across both the Shawbrook and TML buy to let propositions are designed to provide brokers with more opportunities to support their landlord clients, whether through lower pricing, greater product flexibility or broader accessibility across specialist lending scenarios.”

InterBay Refreshes Commercial Mortgage Range

InterBay, part of the OSB Group, has updated its commercial mortgage offerings by cutting owner-occupier rates by up to 40 basis points. The lender has introduced lower pricing for loans exceeding £2.5 million and adjusted rates at lower LTV tiers. Notably, InterBay has removed Energy Performance Certificate (EPC)-related restrictions from its commercial mortgage products.

Marc Callaghan, InterBay’s head of commercial lending, explained: “Brokers are dealing with increasingly varied commercial cases, so having clarity and confidence in how a deal can be structured is key. This refresh is about giving them a proposition that works for the realities of the current market and supports them in delivering the right outcome for their clients.”

Coventry Building Society Reduces Selected Buy-to-Let Rates

Coventry for intermediaries has lowered selected buy-to-let mortgage rates by up to 16 basis points, with revised products available for both new and existing customers. The reductions focus on higher LTV products to help landlords manage monthly payments more effectively.

Jonathan Stinton, Coventry’s head of intermediary relationships, stated: “Brokers are telling us that many clients are focused on keeping monthly payments as manageable as possible. By reducing rates on higher‑LTV products, we’re aiming to provide extra support where it can make a difference.”

What this means for landlords

These rate adjustments and new product launches provide landlords with more competitive financing options in a challenging economic environment. Lower fixed and tracker rates can help reduce borrowing costs, while the removal of certain restrictions and fees increases flexibility. Landlords with specialist property types, such as HMOs or multi-unit blocks, may particularly benefit from the targeted reductions and new offerings.

Moreover, the refreshed commercial mortgage range from InterBay signals growing lender responsiveness to the complexities of commercial property financing, potentially easing access for landlords with larger or more diverse portfolios.

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/