BTL lenders cut rates and launch cashback remortgage deals

Buy to let lenders have stepped up competition across both mainstream and specialist sectors, unveiling fresh products, rate cuts and cashback incentives.

Landbay has rolled out five new five-year fixed remortgage deals under its Premier range, each with £500 cashback alongside a free valuation.

The products target borrowers with portfolios of up to 15 properties and are open to individual as well as limited company structures.

All five options sit at 5.09% up to 75% LTV, though fee tiers vary depending on borrowing levels.

Charges begin at £899 for loans capped at £150k, rising through £1,009 at £300k, £1,399 at £500k, £1,599 at £700k and topping out at £1,899 for £1m facilities.

The lender said the structure was built to simplify broker conversations while easing upfront expense pressures for clients reviewing existing finance arrangements.

Its sales and distribution director, Rob Stanton, said: “These new five-year, fixed-rate remortgage products are built around what brokers are telling us landlords need right now, which is clear pricing and tangible support with upfront costs.”

Foundation trims BTL rates

Elsewhere, Foundation has introduced reductions across its buy to let range, trimming pricing by as much as 30bps on selected lines.

The revisions affect standard and large HMOs along with MUFB propositions, where entry rates now begin at 4.24%.

New two- and five-year fixed options carrying 3% fees have also been added at 65%, 75% and 80% LTV for both HMO and MUFB assets.

Holiday lets and short term lets have not been left out, seeing cuts of up to 15bps with starting rates of 5.99%.

The lender’s director of sale, Grant Hendry, said: “By reducing pricing across many of our specialist products, we’re reinforcing both the breadth of our range and our reliability as a lending partner in a market where brokers and their clients need options they can trust.”

Moda offers repriced products

ModaMortgages has also moved to reprice selected limited edition two-year fixes, cutting rates by up to 20bps.

For single dwellings at 75% LTV, pricing now starts at 2.79%, rising to 3.39% at 80% LTV.

HMO and MUFB options, covering properties of up to six bedrooms or units, have also been reduced, with entry points from 2.99%.

Products are open to both company and personal borrowers and include free valuations with multiple fee structures available.

Darrell Walker, the group sales director, said: “We know affordability remains crucial, and this reduction ensures we can offer competitive, well-priced solutions that help landlords plan with greater certainty and support brokers in meeting client demand.”

Atom’s commercial range refresh

Meanwhile, Atom bank has lowered rates across its commercial mortgage range by as much as 0.62%, delivering average reductions of 0.30% for trading enterprises and 0.20% on investment transactions.

Cuts between 0.15% and 0.62% are now live, while Growth Guarantee Scheme borrowing for operating businesses has fallen by 0.30% across variable and fixed structures.

The repricing follows the introduction of a 0.25% discount for borrowers posting debt or interest coverage ratios of 200%.

Tom Renwick, the bank’s head of business lending, said: “This latest rate reduction, alongside our new discounts for high-quality cases, reinforces our commitment to providing SMEs with the sustainable, low-cost funding they need to thrive.”

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