CHL Mortgages and Gatehouse Bank have both cut buy-to-let pricing, giving landlords a fresh sign that lenders are still competing for refinance business even with wider market volatility unresolved.
CHL said it has reduced rates by up to 0.25 percentage points across its limited-edition and short-term let ranges, while Gatehouse Bank has cut rental rates by 0.29 percentage points on selected two-year fixed products for UK expats and international residents.
For landlords weighing refinancing options ahead of the Renters’ Rights Act, the latest repricing adds to evidence that parts of the specialist lending market are still moving in borrowers’ favour. Earlier this week, Landlord Knowledge reported on the first weekly fall in average mortgage rates since February, while separate lender moves have already shown providers trying to win business from landlords facing refinancing decisions in 2026.
CHL cuts short-term let and limited-edition rates
According to the lender, the biggest cuts were made on short-term let products, with rates for holiday lets and serviced accommodation starting from 3.46 percent. Its limited-edition range for single dwelling properties now starts from 2.85 percent, while products for HMOs and multi-unit freehold blocks with up to six bedrooms or units start from 2.95 percent.
The range is available up to 80 percent loan to value, with products open to both individual and limited company landlords. Selected short-term let deals also include free valuations.
Roger Morris, group distribution director at Chetwood Bank for CHL Mortgages and ModaMortgages, said the reductions were intended to give landlords better value while supporting portfolio changes and new investment decisions.
Gatehouse targets overseas landlord borrowers
Gatehouse Bank’s cuts apply to two-year fixed buy-to-let products for UK expats and international residents, including green home finance products and borrowing for HMOs and MUFBs. The lender said rates now start from 4.91 percent for UK expats and 4.92 percent for international residents.
Its green home finance range, aimed at properties with EPC ratings of A or B, carries a further 0.1 percentage point rental rate reduction. That means the pricing benefit is being tied not just to competition for landlord business, but also to stronger energy performance.
This follows Landlord Knowledge’s recent coverage of The Mortgage Works cutting rates for limited company landlords, which pointed to lenders becoming more aggressive where they see reliable remortgage demand. The latest CHL and Gatehouse moves suggest that pattern is continuing, although the cheapest rates remain concentrated in narrower borrower segments rather than across the whole buy-to-let market.
That caveat matters for landlords. Headline rates below 3 percent will catch attention, but they sit alongside loan-to-value limits, property type restrictions and, in Gatehouse’s case, a specific focus on overseas borrowers. For many mainstream landlords, the practical test remains the total cost of switching once fees, valuation terms and eligibility rules are taken into account.
Landlords comparing options can also review Gatehouse Bank’s latest buy-to-let criteria through the lender’s official intermediary pages.
What this means for landlords
- If you’re refinancing this spring: specialist lenders are still trimming pricing, so it is worth checking whether a like-for-like remortgage deal has improved since the start of the month.
- If you hold HMOs, MUFBs or short-term lets: some of the sharpest cuts are aimed at more complex property types rather than vanilla single lets.
- Watch for: fees, maximum LTV limits and borrower eligibility, especially if a low headline rate is limited to expat, international or green finance products.
- Bottom line: lender competition is still alive, but the best-priced deals are not evenly available across the market.
Editor’s view
These cuts matter less as a promise of cheap borrowing and more as a signal about lender appetite. For landlords with clean cases and the right property type, there is still room to improve finance costs. For everyone else, the market remains selective.
Author: Editorial Team – UK landlord & buy-to-let news, policy, and finance
Published: 27 April 2026
Sources: CHL Mortgages, Gatehouse Bank, Mortgage Solutions
Related reading: Mortgage rates post first weekly fall since February
