Lendco has cut selected buy-to-let fixed rates, with two-year deals now starting at 4.29 percent and five-year products from 5.35 percent across single assets, HMOs and multi-unit blocks.
The repricing matters because it gives landlords another sign that specialist lenders are still competing for business even after a busy run of rate cuts at the end of June. For investors weighing a refinance or a new purchase, the latest move adds pressure on rivals to keep pricing sharp through the summer.
For landlords, the timing is useful. Lower pricing does not remove affordability checks or fee costs, but it can improve monthly cashflow and widen refinancing options for borrowers who want certainty before the next Bank Rate decision.
Two-year buy-to-let rates move lower
Lendco said its selected two-year and five-year fixed products had been reduced, with two-year fixed rates across property types now starting at 4.29 percent. That leaves the lender back in the conversation for brokers placing standard buy-to-let cases as well as more specialist property types.
The lender’s current buy-to-let range also shows five-year fixed rates from 5.35 percent for single assets and for HMOs or multi-unit blocks on loans up to £1 million. For larger HMO and MUB loans between £1 million and £2 million, pricing starts at 5.45 percent.
That spread matters for landlords comparing short fixes against longer certainty. A two-year headline rate may look sharper, but many borrowers will still have to weigh arrangement fees, stress testing and their exit plan before deciding whether a shorter fix actually offers the better deal.
HMO and larger-loan pricing still carries a premium
While Lendco has kept headline pricing competitive, the range still shows the usual premium once a case becomes more complex. Larger HMO and MUB borrowing remains priced above standard single-asset loans, reflecting the extra underwriting risk and specialist nature of those assets.
That is a practical reminder for portfolio landlords. Rate cuts across the market are helping sentiment, but the cheapest pricing is still concentrated in simpler cases, cleaner property types and lower-risk structures. Investors refinancing specialist stock may see relief, though not always on the same terms available to vanilla buy-to-let borrowers.
This follows Landlord Knowledge’s report on Fleet cutting buy-to-let rates to 4.09 percent, which showed lenders pushing harder on price as summer lending competition picked up. Combined with Paragon’s latest cashback push for landlords, the latest Lendco move suggests lenders are still looking for ways to win refinance and purchase business without waiting for a bigger shift in base rate expectations.
Lendco’s published product page shows the latest starting rates across its buy-to-let range, including the lender’s pricing for single assets, HMOs and multi-unit blocks. Landlords and brokers can review the current range on the lender’s official buy-to-let products page.
Landlords still need to look past the headline rate
The latest repricing is useful news, but landlords should not treat the starting rate as the whole story. Arrangement fees, valuation costs, rental stress calculations and loan size rules can quickly change which deal is actually cheapest over the fixed period.
That is especially true for portfolio investors refinancing larger balances or specialist stock. In those cases, a rate reduction may improve options at the margin, but the final recommendation will still come down to total cost, flexibility and how easily the deal fits the property.
What this means for landlords
- If you’re remortgaging this summer: another specialist lender has moved pricing lower, so it may be worth checking whether a previously marginal deal now stacks up.
- Watch for: the gap between standard buy-to-let pricing and HMO or larger-loan pricing, which still affects more complex portfolio cases.
- Bottom line: rate competition is still alive, but landlords need to compare total costs, not just the lowest advertised fix.
Editor’s view
Another small lender cut will not transform the market on its own. But a steady stream of repricing matters for landlords because it improves choice, keeps pressure on rivals and gives brokers more room to structure workable refinance cases.
Author: Editorial Team – UK landlord & buy-to-let news, policy, and finance
Published: 02 July 2026
Sources: Lendco buy-to-let products page
Related reading: Fleet cuts buy-to-let rates to 4.09 percent and adds zero-fee deals
