Aldermore, Hinckley & Rugby, Landbay, and Zephyr Homeloans enhance offering for landlords
Several UK lenders have unveiled new buy-to-let mortgage offerings and rate reductions, providing brokers and their landlord clients with more options.
Aldermore has introduced limited edition two-year BTL rates for individual and company landlords. The new products are available immediately and include a two-year fixed rate at 4.59% with a 3% fee for loans up to 75% loan-to-value (LTV), reduced to 4.49% for properties with an energy performance certificate (EPC) rating of ‘A’, ‘B’ or ‘C’. For multi-property landlords, the lender is offering a two-year fixed rate of 4.54% at up to 75% LTV with a 3% fee.
“We’re always on the lookout for ways to offer brokers and their clients the best deals possible,” said Jon Cooper (pictured far left), director of mortgages at Aldermore. “These new limited editions give landlords compelling two-year options in what’s an increasingly competitive rate environment.”
Hinckley & Rugby for Intermediaries has launched a new Visa Buy-to-Let mortgage range, with rates starting at 5.79%, aimed at skilled professionals, entrepreneurs, and investors on visas. The range includes a two-year discount BTL at 5.79%, a two-year fixed BTL at 6.10%, and a five-year fixed BTL at 5.99%, all available at 75% LTV.
The products come with competitive interest coverage ratio (ICR) calculations — 125% for basic rate taxpayers and 145% for higher and additional rate taxpayers. The offering features no minimum UK residency requirements and a manual underwriting process that considers each case individually.
We're excited to launch three brand-new Visa Buy-to-Let products, offering competitive rates from just 5.79% at 75% LTV.
— Hinckley and Rugby for Intermediaries (@MortgageRequest) February 19, 2025
Plus, we've expanded our visa lending criteria for both residential and buy-to-let propositions.
Learn more: https://t.co/mvnPMzMmnK
For Intermediaries only
“By expanding our visa lending criteria and launching our new Visa Buy-to-Let range, we are making it easier for brokers to place cases and support clients looking to invest in the UK property market,” said Laura Sneddon (pictured second from left), head of mortgage sales and distribution at Hinckley & Rugby Building Society.
Meanwhile, Landbay has cut rates by up to 0.40% across its BTL product range, following the launch of its product transfer service. The reductions include a large house in multiple occupation (HMO)/multi-unit freehold block (MUFB) five-year fixed rate at 5.89% with a 5% fee (previously 6.29%) for loans up to 75% LTV, and a small HMO five-year fixed rate at 6.59% with a 3% fee (previously 6.89%) for loans up to 80% LTV.
“Our HMO/MUFB range remains a popular part of our offering, helping landlords jump on investment opportunities,” said Rob Stanton (pictured second from right), sales and distribution director at Landbay. “Cuts of as much as 0.40% demonstrate our commitment to ensuring our product range is as competitive as possible.”
Zephyr Homeloans has also reduced rates across its two- and five-year fixed BTL mortgages. For properties with EPC ratings of ‘A’ to ‘C’, the lender is offering a two-year fixed standard mortgage at 3.14% and a five-year fixed standard mortgage at 4.69%, both up to 65% LTV with a 7% fee. For properties rated ‘D’ or ‘E’, rates start at 3.24% for two-year fixed products and 4.74% for five-year options. Zephyr also offers fixed-rate products with 0% or 3% fee options.
Did you know… we have just reduced all our Fixed Rates by up to 36bps?
— Zephyr Homeloans (@ZephyrHomeloans) February 18, 2025
Our lowest 2 Year Fixed Rate is now just 3.14%. 5 Year Fixed Rates are available from just 4.69%.
Got a BTL case on your desk? Let’s chat.
FOR INTERMEDIARIES ONLY pic.twitter.com/e8DeULpzt3
“We’re pleased to be able to support brokers and their landlord customers further with these new reductions,” said Andrew Rowe, head of sales at Zephyr Homeloans.
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