Fleet cuts BTL rates, NatWest offers a competitive deal and HTB ups lending limit

The latest buy to let deals for landlords include Fleet Mortgages which has unveiled significant rate reductions across its two- and five-year fixed-rate products, while NatWest secures a standout offering.

Meanwhile, Hampshire Trust Bank (HTB) is ramping up lending to £35 million to meet growing demand from professional landlords and developers.

Fleet trims rates

Fleet Mortgages has lowered rates by 15 basis points on a broad selection of its offerings, spanning standard, limited company, and HMO/Multi-Unit Freehold Block (MUFB) ranges. For two-year fixes at 75% loan-to-value (LTV), key changes include:

• Standard and Limited Company: Properties with an EPC rating of A-C now carry a rate of 4.14%, down from 4.29%, while non-EPC A-C properties drop to 4.24% from 4.39%. Both include a 3% fee (minimum £750)
• Standard and Limited Company: A £5,499 fixed-fee option now stands at 4.74%, reduced from 4.89%
• HMO/MUFB: EPC A-C properties with a 3% fee are now at 4.34% (from 4.49%), and non-EPC A-C properties fall to 4.44% (from 4.59%). A £1,999 fixed-fee product now sits at 5.64%, down from 5.79%.

Five-year fixes have also seen reductions. At 65% LTV, Standard and Limited Company products with no completion fees are now at 5.34% (from 5.49%), while 75% LTV equivalents are at 5.44% (from 5.59%). For fee-based 75% LTV five-year fixes:

• Standard and Limited Company: EPC A-C properties are now at 4.74% (from 4.89%), and non-EPC A-C properties at 4.84% (from 4.99%), both with a 3% fee (minimum £750)
• HMO/MUFB: EPC A-C products with a 3% fee drop to 5.14% (from 5.29%), and non-EPC A-C products to 5.24% (from 5.39%).

Fleet’s chief commercial officer, Steve Cox, said: “We are very pleased to be cutting rates by 15 basis points across a wide variety of both 65% and 75% LTV two- and five-year fixes, with different fee structures – percentage-based, fixed-fee and some with no completion fees at all.”

NatWest’s five-year fix earns accolade

NatWest has introduced a five-year fixed-rate mortgage at 4.26% for BTL borrowers at 60% LTV, earning an Outstanding rating from Moneyfactscompare.co.uk.

The package includes a free valuation and allows overpayments, though it carries a £995 product fee, which can be added to the mortgage advance.

Rachel Springall, the finance expert at Moneyfactscompare.co.uk, said: “Landlords looking for a competitive package may find the five-year fixed rate deal from NatWest attractive.

“Overall, the package may appeal to borrowers looking to lock into a competitive rate over the short-term.”

HTB ups landlord lending to £35 million

Meanwhile, Hampshire Trust Bank (HTB) has increased its maximum lending limit from £25 million to £35 million across its Specialist Mortgages and Development Finance divisions.

This uplift addresses the evolving needs of professional landlords managing complex portfolios and developers tackling large-scale residential projects amid Britain’s housing shortage.

Alex Upton, the lender’s managing director for specialist mortgages, said: “This is a natural step for us.

“Brokers are already bringing us substantial portfolio cases.

“These are no longer one-offs – they’re a core part of the business.

“The uplift gives us more capacity to support those transactions with the same agility, care, and clarity that brokers expect from HTB.”

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