Buy to let lenders boost remortgage deals and cut rates

Landbay has rolled out a new set of five-year fixed Premier remortgage products, pairing assisted legals with a free valuation as lenders continue to compete on both price and processes.

The buy to let lender has partnered with digital conveyancing firm Conveyd to support brokers handling straightforward remortgage cases.

Landbay said the move is intended to cut upfront costs for landlords while also shortening the route to completion.

Under the assisted legals model, Conveyd takes control of the conveyancing journey from start to finish, working alongside the instructed solicitor to keep cases moving.

The firm describes its approach as a blend of AI and specialist expertise aimed at improving what is often a slow part of the remortgage process.

Remortgage BTL deals

The new BTL products are available exclusively on a five-year fixed basis, with rates starting from 5.09%.

Fees range between £999 and £1,999 depending on loan size.

The deals are remortgage only, available up to 75% LTV, and cover borrowing from £30,000 to £750,000 on properties valued up to £1.5m.

Landbay said the products sit within its Premier range, which supports landlords with up to 15 properties and is open to both individual and limited company borrowers.

HTB adjust BTL pricing

Hampshire Trust Bank has adjusted its buy to let pricing for loans above £1 million, introducing clearer rate differentiation at lower LTVs.

The lender said pricing will now fall more visibly where borrowing is structured with more conservative leverage.

That, it says, strengthens the link between LTV, servicing strength and overall cost.

The update is aimed at professional landlords who typically hold established portfolios and are more selective about introducing debt.

Alex Upton, the managing director of specialist mortgages, said: “Professional landlords are thinking much more deliberately about how they use leverage.

“This change ensures that lower leverage and stronger servicing are recognised clearly in pricing and reflects how we believe specialist buy to let lending should be structured.”

TMW’s second rate cut

The Mortgage Works has confirmed a second reduction in a week across its new business buy to let range.

The latest move trims rates by up to 0.20 percentage points on selected one-, two- and five-year fixed products.

The lender’s lowest buy to let rate now stands at 2.29%.

Among the changes, a one-year fixed rate for purchase and remortgage has been reduced to 2.29% with a 2% fee, available up to 75% LTV.

A two-year fixed rate for purchase and remortgage now starts at 2.49% with a 3% fee up to 65% LTV.

For remortgage cases, a two-year fix at 2.84% is available up to 75% LTV with free valuation and free legal.

A five-year fixed option has fallen to 3.57% with the same incentives.