Aldermore has launched new buy to let limited edition two year rates for landlords. So far this year the lender has introduced several limited edition products, alongside rate reductions across its range.
The following rates are available immediately:
For new BTL customers
Individual and company landlords with single residential investment properties
Multi property for individual and company landlords with residential investment properties
Jon Cooper, director of mortgages at Aldermore, comments: “We’re always on the lookout for ways to offer brokers and their clients the best deals possible. These new limited editions give landlords compelling 2 year options in what’s an increasingly competitive rate environment.”
Meanwhile Hinckley & Rugby for Intermediaries has announced the launch of its new Visa Buy-to-Let mortgage range, offering rates from 5.79%, alongside an expansion of its visa lending criteria for both residential and buy-to-let propositions.
The new range is designed to help skilled professionals, entrepreneurs, and investors on visas to purchase or refinance property in the UK.
The new Visa Buy-to-Let range comprises
The products offer competitive ICR calculations of 125% for basic rate taxpayers and 145% for higher and additional rate taxpayers. All products are for both purchase and remortgage with loan sizes ranging from £100,000 to £1.5 million.
With no minimum UK residency requirement and a manual underwriting process that considers each case individually, brokers can offer their clients greater flexibility to invest in UK property from day one.
The Society has expanded its visa eligibility to include Global Talent and Ancestry visa holders, helping young professionals secure their first home while enabling high-earning individuals to grow their UK property portfolios.
Laura Sneddon, Head of Mortgage Sales & Distribution at Hinckley & Rugby, says: “We understand the growing demand for tailored mortgage solutions among professionals relocating to the UK. 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.
“Brokers have been instrumental in shaping this offering through our Voice of the Broker forums, and we are proud to deliver solutions that directly address their requirements.”
And first time buyers are now being offered Sharia-compliant buy-to-let finance by Offa, a UK Islamic finance operator, and the minimum age required has now dropped to 18-years-old.
Offa says this is a series of customer criteria changes aimed at widening access to Sharia-compliant finance for the general public.
BTL applicants will only need to earn £18,000 per annum, and the way finance affordability is assessed has been simplified so that customers with terms under five years pay the standard rate plus 1%, while those with terms of five years or more just pay the standard rate.
As part of the new criteria, portfolio clients will be subjected to stress testing based on the average of current five-year fixed rate products, currently 6.6%, rather than standard variable rate – making large portfolio cases more viable.
Offa has also expanded opportunities for overseas clients, with British expats in Malaysia and Hong Kong also now eligible for Offa’s Sharia-compliant BTL finance.
https://www.landlordtoday.co.uk/breaking-news/2025/02/mortgage-firms-cut-rates-and-launch-new-products-to-woo-landlords/