Aldermore has introduced new limited edition two-year buy-to-let rates for landlords, continuing its trend of launching special products and reducing rates across its range this year.
New Buy-to-Let Rates for Landlords
For individual and company landlords with single residential investment properties:
- Up to 75% LTV – 2-year limited edition rate of 4.59% with a 3% fee
- EPC-rated A, B, or C properties – Lower rate of 4.49%
For multi-property landlords with residential investments:
- Up to 75% LTV – 2-year limited edition rate of 4.54% with a 3% fee
Jon Cooper, Director of Mortgages at Aldermore, highlighted the lender’s commitment to providing competitive deals for brokers and their clients. He stated that these new limited editions offer strong two-year options in an increasingly competitive market.
New Visa Buy-to-Let Mortgage Range
Hinckley & Rugby for Intermediaries has also launched a Visa Buy-to-Let mortgage range, with rates starting at 5.79%. Alongside this, the lender has expanded its visa lending criteria for both residential and buy-to-let mortgages.
This new offering aims to support skilled professionals, entrepreneurs, and investors on visas, making it easier for them to purchase or refinance property in the UK.
New Visa Buy-to-Let Mortgage Products
Hinckley & Rugby for Intermediaries has introduced its Visa Buy-to-Let mortgage range, designed to support investors on visas looking to purchase or remortgage UK property.
The range includes:
- 2-Year Discount Buy-to-Let (75% LTV) – 5.79%
- 2-Year Fixed Buy-to-Let (75% LTV) – 6.10%
- 5-Year Fixed Buy-to-Let (75% LTV) – 5.99%
These products feature competitive Interest Coverage Ratio (ICR) calculations, set at 125% for basic rate taxpayers and 145% for higher and additional rate taxpayers.
With loan sizes available from £100,000 to £1.5 million, the mortgages cater to both new purchases and remortgages. Additionally, the lender offers a manual underwriting process with no minimum UK residency requirement, allowing brokers to provide clients with greater flexibility from the outset.
Expanded Visa Eligibility and Sharia-Compliant Buy-to-Let Finance
Hinckley & Rugby has expanded its visa eligibility criteria, now including Global Talent and Ancestry visa holders. This change aims to help young professionals secure their first home while providing high-earning individuals with more opportunities to expand their UK property portfolios.
Laura Sneddon, Head of Mortgage Sales & Distribution at Hinckley & Rugby, highlighted the importance of tailored mortgage solutions for professionals relocating to the UK. She stated:
“We recognise the increasing demand for specialist mortgage options. By expanding our visa lending criteria and introducing the Visa Buy-to-Let range, we are making it easier for brokers to place cases and support clients investing in UK property.”
She also noted that broker feedback played a key role in shaping these new offerings through their Voice of the Broker forums.
Meanwhile, Offa, a UK-based Islamic finance provider, has introduced Sharia-compliant buy-to-let finance for first-time buyers. As part of a broader initiative to improve access to Sharia-compliant finance, the minimum age requirement has been lowered to 18 years old.
Simplified Affordability & Expanded Eligibility for Sharia-Compliant BTL Finance
Offa has made significant changes to its buy-to-let (BTL) finance criteria, making it more accessible to a wider range of investors. Applicants now only need a minimum annual income of £18,000, and affordability assessments have been simplified.
For finance terms under five years, applicants will pay the standard rate plus 1%, while those opting for terms of five years or more will only pay the standard rate.
Additionally, portfolio landlords will now face stress testing based on the average five-year fixed rate, currently 6.6%, instead of the standard variable rate. This adjustment is expected to make larger portfolio cases more feasible for investors.
Offa has also expanded its Sharia-compliant BTL finance to include British expats residing in Malaysia and Hong Kong, providing more opportunities for overseas investors.
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