New BTL mortgage products offer landlords flexible financing options

Three leading buy to lenders have introduced mortgage products tailored to meet the needs of landlords, offering competitive rates and flexible terms.

Fleet Mortgages has rolled out three new two-year fixed-rate mortgages at 65% loan-to-value (LTV) within its Standard borrower range.

Each product includes £1,000 cashback, no application fee and a free valuation for properties valued up to £500,000.

The BTL options vary by fee structure: a 3% fee (minimum £750) with a 3.49% rate, a zero-fee option at 5.09%, and a fixed £1,999 fee with a 4.54% rate.

All products have a February 2028 end date, a minimum loan size of £25,000, and the fixed-fee product caps at £750,000.

Fleet’s chief commercial officer, Steve Cox, said: “We’re pleased to be able to launch these new 65% LTV, two-year fixes.

“Each product comes with a different fee structure, which means advisers can select the most suitable option for their clients depending on circumstances – whether they prefer to pay a higher fee for a lower rate or benefit from a zero-fee option.”

MFS targets BTL portfolio landlords

Meanwhile, Market Financial Solutions (MFS) has launched its ‘Fusion Premier’ range, aimed at portfolio landlords wanting to consolidate multiple loans into a single, cost-effective solution.

Building on its Bridge Fusion range, which combines elements of buy to let mortgages and bridging loans, the Fusion Premier products target residential properties with loan sizes from £20 million to £65 million, with a maximum individual property value of £4 million.

Available up to 70% LTV with a 24-month term and an optional 12-month extension, these loans prioritise speed and flexibility.

The chief executive of MFS, Paresh Raja, said: “Landlords with larger portfolios can often struggle to consolidate their various BTL mortgages or bridging loans.

“The Fusion Premier range has been launched to solve that headache – these are large loans, but with Market Financial Solutions’ usual speed and flexibility, offering portfolio landlords the opportunity to restructure their finances for simplicity, reduced rates or both.”

TMW lowers BTL rates

The Mortgage Works (TMW) is also set to reduce rates on selected two- and five-year fixed-rate products for both new and existing customers.

Reductions of up to 0.15% will apply to limited company buy to let and standard BTL products.

For limited company buy to let, new customers can access a two-year fixed-rate mortgage at 3.87% (down 0.12%) with a 3% fee and a five-year fixed-rate mortgage at 4.52% (down 0.15%) with a 3% fee.

Both of the deals are up to 75% LTV with a free valuation.

Existing customers can benefit from a five-year fixed-rate switcher mortgage at 5.09% (down 0.10%) with no fee, also up to 75% LTV.

For standard BTL, new customers can secure a two-year fixed-rate mortgage at 2.74% (down 0.05%) with a 3% fee up to 65% LTV, or a five-year fixed-rate mortgage at 3.76% (down 0.14%) with a 3% fee up to 75% LTV.

Existing customers can opt for a two-year fixed-rate switcher mortgage at 4.49% (down 0.05%) with no fee, up to 65% LTV.

TMW’s senior manager, Joe Avarne, said: “These reductions demonstrate our commitment to offering competitive rates, as we aim to ensure that The Mortgage Works continues to be front of mind for landlords.”

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