Several buy-to-let lenders have launched a new round of mortgage rate reductions, cutting fixed-rate products across both mainstream and specialist ranges as competition in the sector continues to build.
Landbay has announced cuts of up to 20 basis points across its Premier, Core and Specialist product lines, covering purchases, remortgages and product transfers. Within its Premier range, two- and five-year fixed deals have been reduced by as much as 15 basis points, including like-for-like remortgages and options with free valuations and assisted legal packages. Its zero-fee five-year fixed rate now stands at 4.95%, down from 5.09%.
For landlords seeking a five-year fix with a 3% fee, pricing has dropped to 4.35% from 4.49% at 75% loan-to-value (LTV). Remortgage products offering assisted legals and free valuations have also been reduced to 4.97%, previously 5.09%, with fixed fees available on loans up to £750,000. Landbay’s Premier range is aimed at landlords with up to 15 mortgaged properties, whether held personally or through limited companies. Rate cuts have also been applied to Core and Specialist products, including lending for holiday lets, smaller HMOs and multi-unit blocks.
Rob Stanton, sales and distribution director at Landbay, said the changes give advisers greater flexibility to place both simple and more complex cases competitively.
The Mortgage Works has also reduced pricing on a selection of limited company buy-to-let products, with cuts of up to 0.20 percentage points. Its two-year fixed rate now starts at 3.74% with a 3% fee at 75% LTV, while an alternative with a £1,495 fee has fallen to 4.74%. A five-year fixed product with no fee has been trimmed to 4.97%.
Switcher products have also seen reductions, including a two-year fixed rate at 3.74% with a 3% fee and a no-fee option now priced at 5.29%. A five-year switcher with a £1,495 fee has dropped slightly to 4.79%. Keir Fraser from The Mortgage Works said the lender remains focused on supporting limited company landlords with competitive pricing and a broad product range.
Accord Mortgages has repriced its buy-to-let range, cutting rates by up to 0.07% across 60%, 65% and 75% LTV products. Remortgage deals now include a two-year fix at 4.09% with a £995 fee, and a lower 3.94% option with a £1,995 fee. Both products come with free valuation and legal support.
For purchases, a five-year fixed rate at 65% LTV has been reduced to 4.08% from 4.14% and includes a £500 cashback alongside a £3,495 fee. Aidan Smith, product manager at Accord’s parent lender, said the changes are designed to improve value for landlords with larger deposits and give brokers more choice when advising clients.
Outside the residential buy-to-let market, Atom Bank has lowered the minimum loan size for its commercial mortgages to £200,000. The move follows broker feedback showing strong demand for borrowing below £250,000, an area where options can be limited without wider banking relationships. Tom Renwick, head of business lending, said the change forms part of Atom’s wider effort to refine its commercial proposition through pricing, criteria and efficiency improvements.
In contrast to the positive pricing news, Market Financial Solutions has confirmed it has applied to enter administration after temporary restrictions on access to its banking facilities linked to a procedural issue. The lender said the move is intended to protect staff, investors and stakeholders while continuing operations under court supervision. It stressed that the business remains asset-backed.
Founded in 2006, the firm has completed more than £1.2 billion in lending, with its loan book previously peaking at around £2.4 billion. Founder Paresh Raja described the situation as extremely difficult but said it does not reflect problems with the quality of the company’s assets or its core business, instead pointing to a technical impasse affecting everyday banking access.
Overall, the latest round of rate cuts from major buy-to-let lenders highlights growing competition and improving conditions for landlords, particularly those operating through limited companies or with larger deposits. However, the situation at Market Financial Solutions also serves as a reminder that challenges remain within parts of the specialist lending sector.
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