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News Update: Good News for Buy to Let

For once we can bring some good news for buy-to-let landlords. Over the past few weeks, the outlook for the market has considerably improved. Now might be the time for buy-to-let landlords to review their portfolios to see what new deals can be found.



This article does not constitute advice. Professional advice should be taken prior to acting on any part of it. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.


There has been an increase in the number of available products on the market within the buy-to-let sector, month on month, almost recovering to pre-coronavirus levels. After many lenders restricted their product offerings at the beginning of the pandemic, the interest rates on certain higher loan-to-value (LTV) products have decreased as experts predict a more risk-tolerant attitude will emerge soon.

To take advantage of this new development, if you’re interested in owning rental property or are already a B2L landlord, speak to your financial adviser to decide if now is the right time to evaluate your portfolio or even invest in a new property.


An update of a few offers from some lenders:

Fleet Mortgages resumed lending at 75% LTV on standard buy-to-let, limited company and houses in multiple occupation. They’re offering a variety of deals with assorted fees based on the product offered.

Foundation Home Loans slashed rates on its buy-to-let products and introduced a five-year fixed-fee option at 65% LTV at 3.84% and a 75% LTV at 4.29% both with a fee of £1,995.

Kensington Mortgages resumed 80% LTV lending across certain products. The Select range will have a maximum loan amount of £750,000 and £500,000 for buy-to-let products.

Santander has reintroduced 75% LTV lending within its buy-to-let range and raised the maximum loan amount for residential mortgages to £3m.

The Mortgage Works (the B2L arm of Nationwide Building Society) is introducing a one-year buy-to-let fixed-rate product at 1% interest rate, the lowest ever for this lender.

Zephyr Homeloans launched a range of new buy-to-let deals up to 75% LTV with rates starting from 3.19% for a two-year fixed-rate or 3.69% for a five-year fixed-rate in their standard property range.

Rates and deals quoted from Mortgage Strategy between 2nd and 11th June 2020.

Speak to a financial adviser

If you’re ready to make the most of the market, get in touch with a specialist mortgage broker who can not only advise on the best path to take, but who also has the experience and established relationships with the lenders to help you.



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