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  • Accord and ModaMortgages Cut Buy-to-Let Mortgage Rates

    Accord and ModaMortgages Cut Buy-to-Let Mortgage Rates

    Accord Mortgages and ModaMortgages have announced significant reductions in their buy-to-let mortgage rates, enhancing options for landlords and brokers. These changes come as part of a broader effort to provide more competitive products in a challenging market.

    TL;DR: ModaMortgages has cut rates on its buy-to-let range; Accord Mortgages will also reduce rates on residential products, effective July 6, 2026.

    What Changes Did ModaMortgages Make to Buy-to-Let Mortgages?

    ModaMortgages has adjusted its limited-edition buy-to-let mortgage range, implementing rate cuts across both two- and five-year fixed-rate products. For five-year fixed mortgages at 75% loan-to-value (LTV), rates have been reduced, now starting for standard properties. Similarly, five-year products at 80% LTV have seen a reduction, with rates beginning for small Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs).

    In the two-year fixed-rate category, rates at 75% LTV have also decreased, starting for standard properties and for small HMOs and MUFBs. Notably, ModaMortgages continues to offer free valuations and no application fees on these products, catering to both individual and limited company landlords.

    How Is Accord Mortgages Responding to Buy-to-Let Market Changes?

    Accord Mortgages is set to refresh its residential new business product range, effective from July 6, 2026. This update includes reductions on two-year fixed rates and three-year rates. For borrowers seeking longer-term stability, five-year fixed options will feature reductions.

    Additionally, Accord is lowering the minimum loan size for selected products at 75% LTV, making it easier for more borrowers to access financing. The lender has also relaunched products at 65% LTV and at 80% LTV.

    What This Means for Landlords and Brokers in Buy-to-Let Mortgages

    The recent rate cuts from both lenders are likely to enhance the attractiveness of buy-to-let mortgages, providing landlords with more competitive financing options. For brokers, these changes offer increased flexibility in placing cases for clients, particularly with the reduced rates and continued absence of application fees from ModaMortgages.

    These adjustments may encourage more landlords to consider expanding their portfolios or refinancing existing properties, especially as the market adapts to evolving economic conditions. Brokers should stay informed about these changes to better assist their clients in navigating the mortgage market.

    Frequently Asked Questions

    What are the new rates for buy-to-let mortgages?

    ModaMortgages now offers five-year fixed rates starting for standard properties and for small HMOs and MUFBs, while Accord Mortgages is reducing rates on various products effective July 6, 2026.

    How do these changes affect landlords?

    The rate cuts provide landlords with more affordable financing options, making it easier to invest in or refinance properties, which could lead to increased activity in the buy-to-let market.

  • Lendco and LendInvest Cut Rates in Mortgage Market

    Lendco and LendInvest Cut Rates in Mortgage Market

    In a move that could benefit landlords and property investors, Lendco and LendInvest have announced cuts to their buy-to-let (BTL) mortgage rates. These reductions come at a time when borrowers are seeking more competitive pricing and financial stability in the mortgage market.

    TL;DR: LendInvest has lowered its BTL rates; Lendco’s rates have also been reduced, providing landlords and brokers access to more affordable financing options.

    What are the new rates from Lendco?

    Lendco has introduced new two-year fixed rates across all property types. For single asset properties, rates begin for loans up to a certain amount. Additionally, borrowing for Houses in Multiple Occupation (HMO) and Multi-Unit Blocks (MUB) with loan sizes up to a certain amount also starts at the same level. For larger loans, rates begin at a slightly higher level. These adjustments reflect a reduction across their two- and five-year fixed-rate products.

    How has LendInvest adjusted its rates?

    LendInvest has implemented a rate cut across its two- and five-year fixed-rate BTL products. The lowest rates now start at a competitive level. According to Rod McPherson, head of distribution at LendInvest, this change aims to provide brokers and their clients with additional financial flexibility.

    What does this mean for the mortgage market?

    These rate cuts are significant for landlords and property investors looking to secure more affordable financing options. With LendInvest’s rates now starting lower than Lendco’s, brokers may find it easier to assist clients in accessing competitive mortgage products. As the mortgage market evolves, landlords should keep an eye on further changes in mortgage rates and consider how these adjustments could impact their investment strategies. For more information, check out our current mortgage rates.

    Frequently asked questions

    What should landlords consider with these new rates?

    Landlords should evaluate their current mortgage arrangements and consider refinancing options to take advantage of the lower rates offered by Lendco and LendInvest.

    How can brokers assist clients with these changes?

    Brokers can provide valuable insights into the latest mortgage products and help clients navigate the application process for the new, lower rates.

  • L&C Mortgages Expands Buy-to-Let Options with Afin Bank

    L&C Mortgages Expands Buy-to-Let Options with Afin Bank

    Afin Bank has welcomed L&C Mortgages to its broker panel, enhancing the range of buy-to-let mortgage options available to borrowers. This partnership aims to assist those who struggle with traditional lending criteria, offering tailored solutions for a diverse range of clients.

    TL;DR: L&C Mortgages joins Afin Bank’s broker panel, providing access to a wide array of mortgage options; this partnership is particularly beneficial for borrowers who do not meet standard lending criteria.

    How Does This Partnership Impact Buy-to-Let Mortgages?

    The collaboration between L&C Mortgages and Afin Bank significantly broadens the spectrum of mortgage solutions available. Borrowers, especially those who are ‘asset rich’ but have light income, can now access a variety of products that cater to their specific financial situations. This is particularly important for buy-to-let investors who may face challenges with conventional lenders.

    What Are the Benefits for Brokers in Buy-to-Let Mortgages?

    Brokers will benefit from this partnership as it provides them with a wider range of lending solutions to offer their clients. L&C Mortgages can now present more options to borrowers who may not fit the traditional lending model. This increased flexibility is important for brokers aiming to meet diverse client needs.

    What This Means for Buy-to-Let Investors

    For buy-to-let investors, the addition of L&C Mortgages to Afin Bank’s panel means more accessible financing options. Investors looking to expand their portfolios or those facing difficulties securing loans from high street lenders can find tailored solutions that better suit their financial profiles. This could lead to increased investment activity in the buy-to-let sector.

    Frequently asked questions

    What types of borrowers can benefit from this partnership?

    Borrowers who do not fit the standard criteria of high street lenders, such as qualified professionals and asset-rich individuals with low income, can benefit significantly.

    How can brokers use this new partnership?

    Brokers can use this partnership by offering a wider array of mortgage products to their clients, enhancing their ability to meet diverse financial needs.