0:01 AM, 24th April 2025, About 3 months ago
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Several buy to let lenders have introduced innovative mortgage products and refurbishment loans tailored for landlords and brokers.
These offerings, launched by Coventry for Intermediaries, Keystone Property Finance, Aldermore and United Trust Bank (UTB), provide enhanced flexibility and competitive rates.
Coventry has unveiled its limited company buy to let mortgages, enabling landlords to hold properties within a corporate structure.
This product, available for both purchasing and remortgaging, allows up to four directors or shareholders to be named on applications.
Further enhancements include a raised lending cap of £2.5 million, up from £2 million, a portfolio limit of 15 properties, and permission for landlords to hold seven properties with the society.
Coventry’s director of mortgage distribution, Kevin Purvey, said: “As a trusted brand in the buy to let sector, moving into limited company lending is a natural step for us.
“Our proposition makes it easier for landlords to structure their businesses in a way that works for them, while also giving brokers the tools they need to provide the best possible service to clients.”
Keystone Property Finance has launched its refurb to let product, empowering landlords to undertake light refurbishments, such as kitchen upgrades or converting properties into HMOs for up to six occupants.
This six-month loan, free of early repayment charges, offers two payment options: rolled-up interest, deferred until the term’s end, or serviced interest, paid monthly via direct debit.
Streamlined underwriting and title insurance expedite funding, while landlords can transition to Keystone’s fixed-rate refurb exit products, with borrowing up to 80% loan-to-value.
The product also provides dual procuration fees of 1% for Refurb to Let and 0.55% for Refurb Exit.
Aldermore has rolled out a suite of limited edition buy to let products alongside rate reductions across its buy to let ranges.
For individual and company landlords with single residential properties, new offerings include a two-year fixed rate at 3.59% and a five-year fixed rate at 4.69%.
They come with a 5% fee and up to 75% loan-to-value.
Multi-property landlords can access a two-year fix at 3.54% and a five-year fix at 4.64% under similar terms.
For HMOs and multi-unit freeholds, a two-year fix at 3.99% is available.
Aldermore’s director of mortgages, Jon Cooper, said: “In the wake of the market volatility we’ve seen over recent weeks, we’re reducing our rates across a wide range of BTL mortgages, whilst introducing our latest wave of limited edition BTL products.”
United Trust Bank (UTB) has crossed a £2 billion lending milestone following a record-breaking first quarter in 2025.
The lender has introduced 95% loan-to-value mortgages, doubled its maximum loan size to £2 million.
It has also launched a broker API to streamline applications, including credit searches, affordability checks and document uploads.
Buster Tolfree, UTB’s director of mortgages, said: “We set out to help brokers have a successful start to 2025 with rate drops, criteria enhancements and continuing to improve application processing and service through investment in technology.
“That activity has translated to record amounts of new business, and I’m delighted to say has rocketed us through the milestone of £2billion of lending well ahead of forecast.”
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