Buy-to-let market update – June 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 19/06/2026.

Buy-to-let market update: –

BM Solutions – has decreased rates by up to 0.1 per cent on BTL deals in personal ownership and let-to-buy. Limited company BTL products have also decreased by up to 0.1 per cent.

The Mortgage Works – has decreased rates by up to 0.26 per cent across selected two-, three- and five-year fixed-rate products. The reductions apply to both BTL and limited company BTL ranges.

Among the changes, TMW’s two-year fixed-rate BTL remortgage product, available up to 65 per cent loan-to-value (LTV) with a 3 per cent lender fee, has decreased by 0.1 per cent to 3.49 per cent.

Meanwhile, a two-year fixed-rate limited company BTL product, available up to 75 per cent LTV with a £3,995 lender fee, has decreased by 0.26 per cent to 4.98 per cent.

The lender has also increased the portfolio landlord stress rate from 4.75 per cent to 5.00 per cent for existing portfolios.

Coventry for Intermediaries – has decreased selected BTL products by up to 0.13 per cent.

NatWest – has decreased selected BTL products.

HSBC – has decreased selected two- and five-year fixed and tracker BTL rates by up to 0.11 per cent.

TSB – has decreased two- and five-year fixed purchase and remortgage rates for BTL and portfolio BTL, up to 75 per cent LTV, by 0.1 per cent.

Accord Mortgages – has decreased selected BTL fixed rates by up to 0.3 per cent, two-year fixed rates now start from 4.54 per cent and five-year fixed rates now start from 4.68 per cent.

Virgin Money – will no longer offer new BTL mortgages.

Santander – has decreased selected BTL products.

Paragon Bank – has launched a tailored service to support BTL mortgage applications that fall outside its standard lending criteria. The tailored service may be suitable for landlords seeking higher loan amounts, those with larger or more complex portfolios and cases involving non-standard ownership structures, including trusts or trading companies. It can also support landlords with varied tenant types, applications outside typical age parameters and those with limited experience in the sector.

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

Landbay – has decreased rates in its premier BTL range, including reductions of up to 0.4 per cent on selected two-year fixed-rate deals. The changes apply across standard and Home in Multiple Occupation (HMO) products for landlords with up to 15 mortgaged properties, available to both individual and limited company borrowers.

Foundation – has relaunched its enhanced property plus proposition, introducing lower valuation costs and a new limited-edition product. The refreshed proposition will support landlords investing in more complex property types, including flats above or adjacent to commercial premises and other specialist investment properties.

Aldermore Bank – has expanded its BTL range with the launch of two limited-edition two-year fixed products. The products are available to new customers at 75 per cent LTV and come with no lender product fee.

For landlords with single residential investment properties, the new two-year fixed rate is available at 6.14 per cent. For multi-property residential investment property portfolios, the new two-year fixed rate is available at 6.09 per cent.

The Mortgage Lender (TML) – has decreased rates by up to 0.15 per cent across two-year and five-year fixed rate products, including HMO and multi-loan. The lender has also launched a new limited-edition range.

Lendinvest Mortgages – has reduced rates across its two-year and five-year fixed-rate BTL products by 0.1 per cent.

Vida Homeloans – will now accept BTL special purpose vehicles where the applicant company is a subsidiary of a parent company.

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 viwed 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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