Buy-to-let lenders opened the new week with another round of repricing, as Fleet Mortgages, Darlington Building Society and Aldermore all moved to sharpen parts of their ranges.
Fleet and Darlington lead the latest repricing
Fleet Mortgages said on 22 April that it had reduced rates across its five-year fixed range and brought back selected fixed and zero-fee options. Its 75 percent LTV five-year fixed products with a £3,999 fee were priced at 5.39 percent for standard and limited company borrowing, while equivalent HMO products were listed higher.
Darlington Building Society has also been active. Its current intermediary range shows a 5.49 percent five-year fixed buy-to-let product at 80 percent LTV and a 5.69 percent specialist buy-to-let option at the same LTV, with product fees of £999.
Aldermore has meanwhile widened its offer for landlords and portfolio borrowers, keeping the focus on fee choice and limited company lending. The common theme is clear: lenders are still willing to compete for business, but they are doing it selectively.
Landlords still face a refinancing squeeze
This follows Landlord Knowledge’s recent report on mortgage rates posting their first weekly fall since February. The latest product changes reinforce that the market is moving lender by lender rather than through a broad, clean drop in funding costs.
For landlords, that creates opportunity but also more work. The best deals remain heavily shaped by fee structure, loan-to-value and property type. Standard single-let cases are seeing the strongest pricing, while HMO, MUFB and complex portfolio borrowing still carries a premium.
That matters because many landlords are approaching refinance decisions after a long period of rate volatility. Even where pricing edges down, the jump from legacy fixes to today’s market can still be painful. A cheaper headline rate does not always mean a lower total cost once fees and stress tests are counted.
Competition is back, but not evenly
Landlords should also note where lenders are competing. Fleet’s move to restore more five-year fixed options suggests there is demand for payment certainty again, especially among borrowers who would rather cap risk than gamble on a quick base-rate reversal.
At the same time, lenders are still using pricing to steer the kind of business they want. Combined with Landlord Knowledge’s recent coverage of CHL and Gatehouse cutting buy-to-let rates, the pattern is one of active but disciplined competition.
For property investors, the practical lesson is simple. The market is offering more routes than it was a month ago, but borrowers still need to compare headline rates against fees, ERCs, rental stress and whether a lender is genuinely open to their property type.
What this means for landlords
- If you’re remortgaging soon: check total cost, not just rate – fee-heavy deals can still work well on larger loans.
- If you hold HMOs or complex stock: expect pricing to remain higher than standard single-let cases even as headline competition improves.
- Watch for: more lender repricing this week as brokers react to fresh product launches and restored ranges.
- Bottom line: product choice is improving, but careful selection still matters more than ever.
Editor’s view
This is a better market than the one landlords faced a few weeks ago, but it is still not an easy one. Choice has improved faster than affordability, so the winners will be the borrowers who shop carefully rather than chase the lowest headline number.
Author: Editorial Team – UK landlord & buy-to-let news, policy, and finance
Published: 27 April 2026
Sources: Fleet Mortgages products page, Darlington Building Society intermediary buy-to-let range, Aldermore buy-to-let mortgages page
Related reading: CHL and Gatehouse cut buy-to-let rates
