Landlords considering property purchases, refinancing, or refurbishment are encountering a varied set of adjustments from buy-to-let lenders. These changes include some lower rates, broader specialist criteria, and one notable price increase.
Paragon Bank has reduced selected five-year fixed buy-to-let rates by 15 basis points. These reductions apply to single self-contained properties, Houses in Multiple Occupation (HMOs), and multi-unit blocks. Its green mortgage range now starts at 4.95% for properties with an EPC rating of A-C.
In contrast, HSBC has increased selected fixed deals by up to 0.14%. Its two-year product at 75% loan-to-value has risen by 0.11% to 4.70%.
Specialist lender StrideUp has expanded its criteria for shariah-compliant Buy to Let Purchase Plans, now accepting HMOs with up to 12 bedrooms and multi-unit freehold blocks with as many as 10 units. CHL Mortgages has also launched a new bridging finance range for regulated and non-regulated loans, covering property transactions and refurbishment work.