The buy‑to‑let sector has seen a notable surge in activity, with many lenders cutting rates, expanding product ranges, and updating lending criteria to better support both new and experienced landlords, reports the Scottish Association of Landlords (SAL).
Key Developments Across the Market
Recent updates highlight several positive trends:
- Rate reductions on fixed products: Some lenders have trimmed pricing across two and five‑year fixes, improving affordability for landlords looking to remortgage or expand portfolios.
- New energy‑efficient mortgage options: Products aimed at properties with stronger EPC ratings are becoming more common, offering lower rates or enhanced loan terms for greener homes.
- Improved access for first‑time landlords: Criteria changes are making it easier for newcomers to enter the market, with more flexible income requirements and broader property eligibility.
- Greater flexibility through trackers and top‑slicing: Tracker mortgages and enhanced top‑slicing options are giving landlords more choice in how they structure borrowing, particularly those with complex income profiles.
Lenders Leading the Charge
A wide range of lenders have announced updates, including: BM Solutions, The Mortgage Works, Virgin Money, NatWest, Santander, TSB, Paragon, Aldermore, Shawbrook and others.
Support for Individual and Limited Company Landlords
Whether purchasing personally or through a limited company, landlords can benefit from tailored guidance to navigate the evolving landscape. Product availability, criteria, and pricing can vary significantly depending on structure, property type, and experience level.
