Buy to let lenders cut rates and one adds bridging
12:01 AM, 29th July 2026, 7 hours ago
Among the buy to let lenders revamping their ranges this week are ModaMortgages which has removed application fees from a limited edition range, Buckinghamshire Building Society has repriced specialist products and RAW Capital Partners has entered the bridging market.
Meanwhile, a NatWest BTL mortgage has retained its Moneyfacts ‘Best Buy’ status despite a modest rate increase.
ModaMortgages has launched limited edition two- and five-year fixed buy to let products without application fees.
Rates for single-dwelling properties start from 3.59%, while products for houses in multiple occupation and multi-unit freehold blocks are available from 3.69%.
The HMO and MUFB products can be used for properties containing up to six bedrooms or units.
Individual and limited company landlords can access the range at up to 80% loan-to-value. Free valuations are included, alongside a choice of fee options.
Becki Fraser-Tucker, the head of sales at Chetwood Bank for ModaMortgages, said: “We know that landlords are always searching for ways to maximise value and keep costs down, and we believe this range will help them to achieve that.
“When you add free valuations into the mix, we’re anticipating plenty of interest from borrowers looking for opportunities to make their money work harder.”
Buckinghamshire cuts specialist rates
Buckinghamshire Building Society has reduced rates across several specialist mortgage ranges, with the changes focused on borrowers seeking lower loan-to-value products.
Selected limited company buy to let and limited company holiday let mortgages have been repriced, including products for expat landlords.
Fixed rates for portfolio BTL and expat portfolio BTL borrowers have both been reduced by 20 basis points.
The society said lower rates were now available to customers with higher levels of equity.
RAW launches bridging finance
RAW Capital Partners has added bridging finance to its specialist lending range, offering unregulated first-charge loans secured against residential properties in the UK.
The Guernsey-based lender has provided mortgages for more than 10 years to foreign nationals, UK expats and Channel Islanders investing in buy to let property.
It extended its lending to UK residents last December and has now introduced bridging products for landlords at different stages of a property transaction.
The loans can be used for property purchases, chain breaks and bridging to an exit.
Advances range from £100,000 to £4 million, with terms of between three and 18 months.
The maximum loan-to-value is 60%, with rates tiered according to the LTV.
NatWest deal retains Best Buy status
Moneyfactscompare.co.uk has selected a NatWest two-year fixed buy to let mortgage as its Pick of the Week.
The house purchase product is available at up to 75% LTV and has a rate of 4.95%, fixed until 31 October 2028.
It carries a £995 product fee and includes a free valuation.
Borrowers can make annual overpayments of up to 20% of the outstanding mortgage balance.
The platform’s head of consumer finance, Adam French, said: “Although NatWest has increased rates across some of its fixed mortgage range, this two-year deal for landlords has seen only a modest rise and continues to offer a very competitive deal for house purchase borrowers.”
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