The buy-to-let mortgage landscape is undergoing significant changes, with lenders responding to growing demand for flexibility and tailored products. At the forefront of this shift are new tracker and refurbishment deals designed specifically to meet the evolving needs of landlords.
Landbay has reintroduced tracker mortgages, now available in its Core and Specialist ranges, allowing landlords to opt for variable rates over fixed terms without early repayment charges (ERCs). This move gives them greater freedom to switch to fixed rates should market conditions improve. The Core range now includes three two-year tracker product transfer deals at 65% and 75% loan-to-value (LTV), catering to portfolio landlords, individuals, and limited companies. Specialist options for small HMOs and Multi-Unit Freehold Blocks (MUFBs) are also available, all at 75% LTV.
Separately, CHL Mortgages has launched a new light refurbishment buy-to-let range, targeting landlords undertaking non-structural works such as installing new bathrooms or kitchens. This offering provides an alternative to bridging loans, allowing landlords to secure a single mortgage solution from the outset and potentially saving on legal fees.
Accord Mortgages has also enhanced its service for residential borrowers with a dedicated larger loans proposition targeting cases worth GBP1 million or more. The tailored approach includes a specialist underwriter from decision-in-principle stage to completion, supporting loans up to GBP5 million at 75% LTV, GBP2.6 million at 85% LTV, and GBP1 million at 90% LTV for both purchases and remortgages.
These new developments reflect a mortgage landscape where lenders are adapting to demand for greater choice and support. For landlords, the tracker mortgage revival offers an alternative to fixed rates, while the refurbishment range simplifies financing for property improvements. The larger loans service from Accord addresses high-value residential mortgages, highlighting a broader trend towards bespoke financial solutions in the UK property market.