Buy-to-let lenders have opened the new week with another round of repricing, with The Mortgage Works cutting selected rates by up to 0.22 percentage points as brokers brace for a heavy summer remortgage pipeline.
The latest changes cover mainstream buy-to-let, let-to-buy, HMOs and limited company borrowing. Accord Mortgages has also trimmed landlord rates, while HSBC and Darlington Building Society are promoting or repricing products as competition for refinance business picks up again.
For landlords, the immediate point is not just that rates are edging down. It is that lenders are now trying to win business across several borrower types at once, from straightforward remortgages to specialist HMO and company cases, even while swap-rate nerves have not fully gone away.
TMW cuts rates across core landlord products
Landlord Knowledge’s earlier coverage of The Mortgage Works’ tracker launch showed lenders were already turning more competitive before the summer refinancing wave. This latest move goes further, with TMW reducing selected one-, two- and five-year fixes across its new business and switcher ranges from 5 June, according to the lender’s latest intermediary update.
Among the headline products, its five-year fixed remortgage at 65 percent loan-to-value has been cut to 4.22 percent with a 3 percent fee, while another five-year remortgage at the same LTV has dropped to 4.69 percent with a £1,495 fee. Limited company borrowers have also been included, with a fee-free five-year fix at 75 percent LTV now priced at 5.49 percent.
Keir Fraser, lead manager at The Mortgage Works, said the lender was making its third set of cuts in the past month. That matters because repeated repricing tells brokers this is not a one-off adjustment. Lenders still want volume, especially where landlords are being forced to review deals taken out during the much cheaper money era.
Why the remortgage fight matters now
Accord has also reduced two-, three- and five-year fixed buy-to-let products, while Darlington has trimmed selected buy-to-let and holiday let rates. HSBC, meanwhile, has picked up attention for a five-year fixed landlord deal highlighted by Moneyfacts. Taken together, the shift points to a market where lenders still see refinancing as the cleanest route to new business.
This follows Landlord Knowledge’s report on Paragon’s weaker 2026 lending outlook, which showed purchase activity remained softer even as lenders kept chasing landlord borrowers. The latest round of cuts suggests that pattern has not changed much – lenders want cases, but they still want them in parts of the market that look lower-risk and easier to process.
The practical warning for landlords is that lower headline rates do not automatically mean cheaper borrowing overall. Large product fees remain common, and the best-priced deals are still often concentrated at lower LTV bands or aimed at remortgagers rather than purchasers. For some borrowers, the real saving may come from flexibility or free legal work rather than the rate alone.
Landlords should also keep one eye on timing. Recent cuts make refinancing look easier than it did a few weeks ago, but the wider rate backdrop is still unsettled. If wholesale funding costs jump again, some of today’s pricing could disappear quickly. The chance is there, but it may not stay there for long.
What this means for landlords
- If you’re remortgaging this summer: check total cost, not just the headline rate, because high fees can wipe out part of the saving.
- If you own through a company or hold HMOs: lender appetite is still there, but pricing remains noticeably higher than for plain-vanilla cases.
- Watch for: more lender repricing as summer maturities build and brokers push for quicker product transfers.
- Bottom line: buy-to-let finance is getting a little cheaper again, but landlords still need to shop on structure and fees, not rate alone.
Editor’s view
Another batch of cuts is welcome, but this is not a return to easy money. Landlords who move quickly and compare full costs should benefit. Those who wait for a perfect rate may miss the window again.
Author: Editorial Team – UK landlord & buy-to-let news, policy, and finance
Published: 08 June 2026
Sources: The Mortgage Works, Accord Mortgages, Darlington Building Society
Related reading: The Mortgage Works launches buy-to-let tracker products and cuts rates
