Buy-to-let market update – August 2026

By: Doug Hall, director, 3mc

Welcome to ‘Buy-to-let market’, a column aimed at providing you with recent criteria and product updates within the buy-to-let (BTL) lending markets. Note, any product update reflects the lenders most recent update, rather than all updates since the previous publication. The information within this article is correct as at 14/08/2026.

Buy-to-let market update:

BM Solutions – has decreased selected fixed rates on personal ownership BTL and let-to-buy products. Purchase rates within the range have decreased by up to 0.13 per cent. Remortgage prices have decreased by up to 0.12 per cent.

The Mortgage Works – has increased selected BTL fixed rates, two-year fixed rates now start from 3.44 per cent and five-year fixed rates will now start from 4.22 per cent.

The lender has also improved their property concentration criteria for flats and maisonettes, where the landlord is not the freeholder, or only owns a share of the freehold.

Coventry for Intermediaries – has decreased all BTL fixed-rate products. The lender has also introduced a 5.1 per cent five-year fixed-rate mortgage at 75 per cent loan-to-value (LTV), fixed until 31 December 2031, with a £1,999 lender fee. It is available for limited company BTL remortgages on properties with an energy performance certificate (EPC) rating of A to C.

NatWest – has decreased selected fixed-rate BTL products by 0.22 per cent. Two-year fixed rates now start from 3.93 per cent and five-year fixed rates now start from 4.48 per cent.

HSBC – has decreased rates on selected BTL remortgage products at 60 per cent, 65 per cent and 75 per cent LTV. Reductions have also been made to BTL products for properties with an A or B EPC.

Accord Mortgages – has decreased its two and five-year BTL remortgage products up to 75 per cent LTV by up to 0.18 per cent.

Santander – has decreased all BTL fixed-rate products by up to 0.13 per cent. Two-year fixed rates now start from 4.57 per cent and five-year fixed rates now start from 4.61 per cent.

Paragon Bank – has refreshed its BTL mortgage range, with rates now starting from 3.55 per cent and products available at up to 80 per cent LTV and across both its core and tailored propositions. Within the single self-contained (SSC) range at 75 per cent LTV, two-year fixed rates start from 3.55 per cent on Paragon’s green mortgage products, available on properties with EPC ratings of A to C. Equivalent products for properties with lower EPC ratings are available from 3.6 per cent. Five-year fixed rates start from 4.95 per cent on green mortgage products, or 5 per cent on equivalent products for properties with EPC ratings below C.

For landlords financing houses in multiple occupation (HMOs) and multi-unit blocks (MUBs), two-year fixed rates start from 3.7% at 75 per cent LTV, while five-year fixed rates begin at 5.1 per cent.

The lender has reintroduced a feature allowing existing BTL customers to move from a bank base rate tracker mortgage to one of its fixed-rate switch products without incurring an early repayment charge.

The lender has also decreased the rates on the shared exclusive range of products for SAL members. These selected products have a reduction of 0.25 per cent on the lender completion fee when compared to the lender core range.

Landbay – has decreased rates on selected BTL fixed rates across its Premier BTL range. Premier is a range of standard and HMO products for borrowers with up to 15 mortgaged properties. Available to both individual and limited company landlords. Two-year fixed rates at 75 per cent LTV have decreased by 0.15 per cent, with rates now starting from 3.44 per cent, while five-year rates now start from 4.69 per cent.

Foundation – has reduced its minimum BTL property value to £70,000. For properties valued between £70,000 and £75,000, the maximum available LTV is 75 per cent.

Aldermore Bank – has decreased selected BTL fixed rates by up to 0.2% per cent. BTLs for individuals and companies two-year fixed rates now start from 3.54 per cent and five-year fixed rates now start from 5.04 per cent and at the same time HMO and Multi Unit Freehold Limited two-year fixed rates now start from 3.89 per cent and five-year fixed rates now start from 4.79 per cent.

The lender will now accept director’s loans and intercompany loans as a source of deposit.

For further information on BTL mortgages both for individuals and limited companies please contact SAL Mortgages on 0131 450 7169 or visit the SAL website www.scottishlandlords.com

Please note lenders have different minimum criteria requirements and not all landlords and property types will qualify for a specific product. The product rates are correct at the time of writing the article and are subject to change.

This is an advertisement only and in no way should be viewed as a personal recommendation or advice. Before a recommendation of the suitability of the product can be given, we will direct you to 3mc (UK) Limited who can provide specialist mortgage advice. As part of this they will ask questions so that they can fully understand your circumstances before giving advice.

SAL Mortgages is operated exclusively for the Scottish Association of Landlords (SAL) by 3mc (UK) Limited who is Authorised and Regulated by the Financial Conduct Authority and is entered on the FS Register under reference 302992.

Please note: 3mc can advise/arrange Business Buy to Let (BBTL) and Consumer Buy to Lets (CBTL). Of the two, only Consumer Buy to Lets are regulated by the FCA.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

ANY PROPERTY USED AS SECURITY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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