BTL lenders unveil fresh deals for landlords

Buy to let lenders have unveiled a wave of new mortgage products and lending criteria to meet the changing demands of the BTL landlords.

The Mortgage Works has broadened its line-up for incorporated landlords with remortgage deals on two- and five-year fixed terms without solicitor costs.

Its portfolio for multi-tenant dwellings gains fresh fixed-rate choices with a one-off charge of £1,495 or none.

Highlights include 3.99% two-year rate up to 75% LTV, with a 3% arrangement fee and free appraisal and conveyancing, exclusively for switches.

There’s also a fee-free alternative is 5.64% under the same coverage.

TMW has a swath of other changes for landlords to choose from, and its senior manager, Joe Avarne, said: “These latest changes broaden our product range and give landlords further choice in what is an ever-growing limited company buy to let market and put The Mortgage Works front of mind for landlords looking to remortgage to a new lender.”

ModaMortgages limited company applications

ModaMortgages has announced it is now accepting simple layered limited company applications.

The lender’s new offering is aimed at landlords who operate through a limited company structure typically consisting of a special purpose vehicle (SPV) linked to one other company.

The director and shareholders must collectively hold a minimum of 75% shareholding across both the SPV and linked company, limited to a maximum of four applicants.

Group sales lead Darrell Walker said: “We’re introducing this criteria enhancement after listening to feedback from brokers who told us they were receiving more requests for simple layered limited companies from their clients.

“By providing a simple layered limited company offering solution, we can now provide more comprehensive support to landlords looking for alternative ways to structure their buy to let holdings.”

Barclays boosts BTL offer

Lending giant Barclays has also tweaked its guidelines to lift borrowing ceilings for landlords, particularly on new build and apartments.

Maximum advances now climb to £550,000 from £500,000 for new build homes at 60-75% loan-to-value ratios.

There’s a similar rise for flats at 70-75% coverage.

Together targets overseas investors

Together has announced that it is lowering costs for buy to let and commercial term loans for expats and foreign nationals investing in the UK.

That will see rates being trimmed by up to 1.50 percentage points.

With a £8 billion portfolio, the lender points to recent research showing one-fifth of 2025’s startup landlord businesses came from overseas investors.

Traditionally, London has been the key location for overseas investment, but foreign ownership has more than doubled since 2016 in the East and West Midlands and Scotland.

Its chief commercial officer, Ryan Etchells, said: “Ultimately, foreign investment is not just about property ownership, it demonstrates confidence in the UK’s legal and financial systems, and is a valuable contribution to our struggling housing market.”

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