Landlords are in possession of the biggest selection of buy-to-let mortgage deals since the financial crash, but have rates fallen?
Financial information website Moneyfacts has revealed landlords can select from the selection of 2,162 buy-to-let mortgages. This is the widest choice available since October 2007, when there were 3,305 products available on the market.
The trend could represent a glimmer of expect landlords, who’ve been hit by various tax and rule changes that have affected their main point here and caused some to withdraw from the sector completely.
Here, we take a look at what is happening to rates and reveal the very best buy-to-let mortgage deals available today.
What's happening to buy-to-let home loan rates?
Unfortunately, regardless of a rise in product numbers and increasingly competitive rates within the residential mortgage market, buy-to-let deals don’t seem to be getting cheaper.
According to Moneyfacts, the average two-year fixed-rate buy-to-let mortgage rate has increased by 0.20% to 3.12% since September 2022. The typical five-year fixed interest rate has jumped by 0.15% in the same period.
Moneyfacts suggests an upswing may be the result of providers attributing a little more risk for their buy-to-let products due to the uncertainty over future economic conditions.
The best buy-to-let mortgages deals
Here are the best two-year fixed-rate mortgage deals available across 60%, 65%, 70% and 75% loan-to-value ratios, based on initial rate.
All the mortgages including available on both an interest-only and capital repayment basis.
| Lender | Term | LTV | Initial rate | Revert rate (SVR) | Fees | APRC | Notes |
| Barclays | Fixed to 30/04/2022 | 60% | 1.63% | 5.24% | 1% of advance | 4.8% | Minimum loan lb100,000; maximum loan lb250,000. Free valuation fees for remortgages.lb500 cashback reely attorney's fees for remortgages. |
| Leek United | Fixed to 30/04/2022 | 65% | 1.79% | 5.69% | lb995 | 5.3% | Free valuation fees. Wales and England only. |
| NatWest Intermediary Solutions | Fixed to 30/06/2022 | 70% | 1.97% | 4.74% | lb995 | 4.5% | Not available for remortgaging. |
| Barclays | Fixed to 30/04/2022 | 75% | 1.74% | 5.24% | lb1,795 | 4.8% | Free valuation fees for remortgages. lb500 cashback or free attorney's fees for remortgages. |
Here are the most useful five-year fixed-rate mortgages for landlords across a range of borrowing levels.
| Lender | Term | LTV | Initial rate | Revert rate (SVR) | Fees | APRC | Notes |
| Birmingham Midshires Solutions | Fixed to 30/06/2024 | 60% | 2.05% | 5.09% | lb1,995 | 4% | Not available for remortgaging. |
| Leek United | Fixed to 30/04/2024 | 65% | 2.37% | 5.69% | lb995 | 4.8% | Free valuation fees. Wales and England only. |
| NatWest Intermediary Solution | Fixed to 31/03/2024 | 70% | 2.65% | 4.74% | lb995 | 4.1% | Not available for remortgaging. |
| Birmingham Midshires Solutions | Fixed to 30/06/2024 | 75% | 2.36% | 5.09% | lb1,995 | 4.2% | Not available for remortgaging. |
