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January’s Buy to Let Market Update 2019

Doug Hall
Written by Doug Hall

Welcome to ‘Buy to Let Market’, a column aimed at providing you with recent criteria and product updates within the Buy to Let lending markets.

Buy to Let Market Update: –

Leeds Building Society – has launched a bespoke HMO range for properties with up to 8 bedrooms. The 2 Yr. fixed rates start from 1.99% with a £999 lender fee. The lender has also increased the maximum loan to value to 75% and the maximum loan size to £750,000 for these property types.

Zephyr Homeloans – is a new dedicated Buy to Let lender which launched in December 2018. The lender provides a range of mortgage products that are focused on meeting the needs of professional portfolio landlords and other specialist property investors. Rates start from 2.69% and the lender will consider HMO’s, multi units on 1 title as well as single investment units. The lender is currently available through selected partners including 3mc/RLA Mortgages.

The Mortgage Works – has launched a 10 Yr. fixed rate product range and has cut stress rates for longer term fixed rates and like-for-like remortgage products. The new 10 Yr. fixed rates start from 2.74% at 65% Loan to Value with a £1,995 fee, free standard valuation and £250 cashback. TMW has also launched a 10 Yr. fixed rate product that is Early Repayment Charge free after five years, available from 3.24% at up to 65% Loan to Value.

The stress rate for 5 Yr. fixed rate products up to 75% Loan to Value has been reduced from 4.99% to 4.50%, while 10 Yr. fixed rates at up to 65% Loan to Value have reduced from 4.99% to 4.00%, or pay rate plus 0.75%, whichever is higher.

Like-for-like remortgages over 65% Loan to Value and up to 75% Loan to Value stress rates have reduced from 5.50% to 4.99%.

Hinckley & Rugby – has entered the limited company Buy to Let market exclusively through 3mc/RLA Mortgages. The products are available up to 70% Loan to Value with both the 2 Yr. discounted and fixed rate products having no early repayment charges from day 1. Rates start from 2.99%.

Paragon Bank – has launched a range of portfolio landlord 5 Yr. fixed rates available at 80% Loan to Value. The products are available for HMO’s, multi units on 1 title and standard residential units with a free valuation and £400 cash back at completion. The rate is fixed at 3.80% with a 1% lender completion fee. These products are available through selected firms including 3mc/RLA Mortgages.

Metro Bank – has reviewed their pricing across their Buy to Let range, with fixed rates now starting from 2.19%. The lender has also introduced a free valuation and £250 cash back for all Buy to Let remortgage products.

Clydesdale Bank – has reduced various Buy to Let fixed rates by 0.10%. 5 Yr. fixed rates now start from 2.49%.

Skipton for Intermediaries – has made various rate changes on selected Buy to Let products and has also removed the early repayment charges for all Buy to Let base rate tracker products.

For further information on Buy to Let mortgages both for individuals and limited companies please contact RLA Mortgages on 0161 341 0581 or visit the website

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 a financial promotion and in no way should it be viewed as a personal recommendation or advice. Before a recommendation/advice can be given, you should seek independent mortgage or financial advice. RLA Mortgages is operated exclusively for The Residential Landlords Association (RLA) by 3mc, which is authorised and regulated by the Financial Conduct Authority. FCA No. 302992. The Residential Landlords Association is an Introducer Appointed Representative of 3mc (UK) Limited.


Although the FCA regulates the way the majority of mortgages are sold, in most cases it does not regulate buy to let mortgages. This means you may have less protection if things go wrong with a Buy to Let mortgage. riority

About the author

Doug Hall

Doug Hall

Doug Hall is a director of 3mc; a specialist mortgage provider within the buy-to-let sector. 3mc have been established for over 21 years working with lenders, mortgage intermediaries and the Residential Landlords Association (RLA) providing all types of buy-to-let mortgage solutions.

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