HTB, NatWest and Coventry unveil new buy to let deals

Hampshire Trust Bank has launched a new buy to let range with rates starting at 5.54%, setting out a tiered structure that separates simpler cases from more complex lending.

The new ‘Flow’ proposition sits alongside Core and Bespoke within the lender’s specialist mortgages offer, with pricing and engagement tied more closely to deal size and structure.

Flow is aimed at defined residential BTL cases, including HMOs and multi-unit blocks, up to £2.5 million.

Rates start at 5.54% on a two-year fixed product at 75% loan to value, placing it 55 basis points below comparable Core products. Arrangement fees remain unchanged.

HTB’s BTL products

The lender said its revised framework reflects growing variation in portfolio strategies, ownership models and transaction sizes across the sector, while keeping manual underwriting in place across all cases.

Flow is restricted to cases where ownership and structure are considered straightforward, allowing pricing to track risk more tightly.

Core, meanwhile, continues to cover semi-commercial deals, PBSA and more complex borrowing structures up to £5 million, with pricing left as is.

For larger transactions above £5 million, Bespoke applies, with terms agreed case by case and supported by dedicated relationship managers.

Alex Upton, HTB’s managing director of specialist mortgages, said: “The specialist buy to let market has become significantly more nuanced.

“Transaction sizes, portfolio strategies and ownership structures vary far more materially than they once did.

“The level of professionalisation within the rental sector has accelerated, and lenders need frameworks that reflect that progression.”

NatWest offers best deal

The pick of the Moneyfactscompare.co.uk pick of the week choice for buy to let is from NatWest.

Its latest offering includes a two-year fixed product at 60% loan to value for house purchase customers.

That deal now stands at 5.21% until 30 June 2028, following a 0.28% rise, according to Moneyfacts.

It carries no fee and includes a free valuation, though it remains available online only.

The platform’s personal finance analyst, Caitlyn Eastell, said: “The deal now charges 5.21% until 30 June 2028, however, this may still be an enticing option for landlords looking to minimise costs as there are no payable fees and it includes a free valuation incentive.

“However, this deal is only available online which some may want to consider.

“When assessed as a whole, this product remains at the top of its sector despite the rise.”

Coventry’s company BTL deal

Meanwhile, Coventry for intermediaries has reduced selected buy to let rates for limited company borrowers by up to 25 basis points.

The changes apply to products aimed at landlords operating through limited companies, with fewer options now available for new customers.

The lender’s corporate account manager, Ben Williams, said: “These rate reductions will be welcome news for brokers and their clients who are managing a rental portfolio.

“These reductions will not only add greater choice for anyone looking at their mortgage options, they may also create a little more confidence that the market remains competitive.”