0:01 AM, 30th June 2025, About 2 weeks ago
Text Size
Specialist lenders Together and Fleet Mortgages have unveiled updates to their buy to let (BTL) offerings, providing landlords with more competitive and adaptable financing solutions.
Together has launched a new BTL retention product range, reducing rates by 25 basis points for landlords moving from bridging loans or refinancing at the end of fixed-rate terms.
The products, available on variable, two-year or five-year fixed rates, cater to diverse property types, including Houses in Multiple Occupation (HMOs), Multi-Unit Blocks and holiday lets.
Acceptance fees are tiered at 2.5%, 5% or 7%, with higher fees enabling lower interest rates.
For instance, a landlord shifting from an unregulated bridging loan to a five-year fixed first-charge BTL mortgage can now secure a rate of 6.89%, down from 7.14% with a 7% fee.
To streamline the process for brokers, Together offers two application routes: submitting cases via the My Broker Venue (MBV) system with standard commission rates or referring cases to its retention team for a fixed £495 fee.
The lender’s director of intermediary sales, Tanya Elmaz, said: “Our new BTL retention products are available to our existing bridging and buy to let customers and for a diverse number of property types such as Houses in Multiple Occupation (HMOs) Multi-Unit Blocks and holiday lets, for example.
“The number of BTL mortgages available on the market has risen to record levels, giving brokers and their clients a huge amount of choice, and it’s encouraging to see average mortgage rates beginning to fall across the board, which again will offer increased investment opportunities for new and existing landlords.”
Meanwhile, Fleet Mortgages has revised its lending criteria for Special Purpose Vehicles (SPVs), accommodating more complex corporate structures to reflect the evolving sophistication of landlord borrowing models.
The updated policy, effective immediately, supports layered ownership and diverse company configurations, responding to broker feedback.
Fleet has also introduced £1,000 cashback on its 55% loan-to-value (LTV) limited company products and reduced rates by five and 10 basis points on its five-year fixed-rate offerings across 55%, 65%, and 75% LTV levels.
Chief commercial officer, Steve Cox, said: “We know that a growing number of landlords are using limited company structures both to hold and grow their portfolios.
“These structures offer tax advantages, better succession planning, and greater control over portfolio management.
“But as these structures become more sophisticated, it’s vital lenders move with the market.”
He added: “By expanding our criteria to accommodate more complex group structures, we’re providing advisers with more lending options to serve their clients, making it easier for professional landlords to secure the finance they need.”
For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below:
Previous Article
Renters' Rights Bill is facing legislative delays
