The article, written by Cat Armstrong of Dynamo for Intermediaries, highlights a series of rate cuts in the BTL mortgage market following the Autumn Statement by Chancellor Jeremy Hunt in November 2023.

• Landbay’s Reductions: Landbay announced a further reduction of 0.2% on its two-year fixed rate products and a 0.15% cut on its two-year and five-year fixed products for small HMOs and MUFBs, focusing on affordability.
• Fleet Mortgages Adjustments: Fleet Mortgages reduced its standard and limited company five-year fixed rate products and its green seven-year fixed products by 20bps, with new rates starting at 5.14% up to 70% LTV.
• Vida Homeloans’ Rate Cuts: Vida Homeloans made cuts in its buy-to-let rates, including a 0.15% reduction in its five-year fixed up to 75% LTV in the Vida 36 tier, now priced at 4.99%.
• West One’s Diverse Offerings: West One reduced rates in its limited edition first charge buy-to-let fixed rate range, with reductions of up to 30bps in core and complex fixed rate products.
• Lendinvest’s Competitive Rates: Lendinvest lowered rates on standard products by up to 60bps, offering rates starting from 3.99% for a two-year fixed product at 75% LTV.
• Precise Mortgages’ New Rates: Precise Mortgages introduced reduced rates in its limited edition offering, with two-year fixed rates starting from 4.39% and five-year fixed rates from 4.84%.
• Foundation Home Loans’ Unique Range: Foundation Home Loans introduced the ‘F2 Extra’ range for unusual properties and landlord needs, including extra-large HMOs and holiday lets.
• Metro Bank’s Enhanced Stress Rates: Metro Bank updated its stress rates for two-year and five-year fixed products, also introducing dual rate options.
• Skipton for Intermediaries’ Fixed Rates: Skipton for Intermediaries launched new fixed rates for purchases and remortgages, starting from 5.04% up to 60% LTV.
• Kent Reliance for Intermediaries’ Expansion: The lender now accepts HMOs with up to 20 bedrooms, offering limited edition products starting from 4.59% for a two-year fixed rate.
• Aldermore’s Limited Edition Products: Aldermore added new products to its range, with options for individual and company landlords.
• Zephyr Homeloans’ Rate Adjustments: Zephyr Homeloans launched new two-year fixed rates and reduced its five-year rates, catering to standard properties with different EPC ratings.