Paragon Bank has cut fixed buy-to-let rates by 15 basis points, while United Trust Bank has reduced selected two-year specialist pricing by up to 50 basis points as lender competition continues into September.
The latest repricing matters because it reaches beyond standard single-property deals. The cuts now cover green products, HMOs, multi-unit blocks and larger portfolio borrowing, with Paragon also keeping cashback on parts of the range.
Borrowing costs are still not cheap by recent standards, but lenders are clearly fighting harder for landlord business again. That gives investors and remortgaging borrowers a fresher rate check than they had a few weeks ago, especially on specialist stock where pricing has often moved more slowly than the mainstream market.
Paragon has refreshed pricing across core and tailored ranges
This follows Landlord Knowledge’s August report on Paragon’s earlier buy-to-let range refresh and its coverage of Fleet restoring HMO and MUFB fixes with cashback. Paragon’s current product page shows green and specialist pricing still sitting at the heart of its landlord proposition.
According to the latest lender updates, Paragon’s 75 percent LTV two-year green rates now start at 3.40 percent for EPC A-C homes and 3.45 percent for EPC D-E properties, both with a 5 percent fee and £500 cashback. HMO and multi-unit block products start at 3.55 percent, while five-year green rates start at 4.80 percent with £1,000 cashback.
Its tailored range, aimed at more complex cases, starts higher at 5.15 percent for eligible single properties and 5.30 percent for HMOs and multi-unit blocks on two-year fixes. That keeps a clear gap between headline pricing and the rates landlords actually face once cases become less vanilla.
UTB and larger-portfolio products keep pressure on the market
This follows Landlord Knowledge’s wider coverage of lenders competing not only on rate but on criteria, cashback and property type. UTB’s current buy-to-let mortgage range continues to target HMOs, MUBs and portfolio borrowing, while Rely is pitching discounted products to landlords with larger mortgaged portfolios.
UTB’s latest repricing has cut selected two-year standard rates to 3.89 percent and specialist HMO and MUFB products to 4.04 percent, while previous ownership experience is no longer required for some eligible specialist applications. Rely has also introduced limited-edition discounts for landlords with at least 11 properties, trimming pricing below its standard range at 75 percent loan to value.
For landlords, the sharper point is that September’s repricing is helping specialist products move again, not just the easier end of the market. Anyone refinancing HMOs, larger portfolios or greener stock should not assume the cheapest option from August is still the best one this week.
What this means for landlords
- If you are remortgaging specialist stock: re-run sourcing now because HMO and multi-unit pricing has moved.
- If your property has EPC A-C: green deals are still opening the cheapest entry points in parts of the market.
- Watch for: whether more lenders follow with fee cuts or cashback changes rather than headline rate moves alone.
- If you are a larger portfolio landlord: check limited-edition ranges because some discounts now sit outside standard product lines.
- Bottom line: lender competition is back in motion, but specialist borrowers still need to look past the headline teaser rate.
Editor’s view
The useful part of this round of cuts is not that a few headline rates look better. It is that specialist products are moving too, which is where many active landlords actually borrow. The catch, as usual, is that fees and criteria still do a lot of the real pricing work.
Author: Editorial Team – UK landlord & buy-to-let news, policy, and finance
Published: 2 September 2026
Sources: Paragon Bank, United Trust Bank, Rely Mortgages
Related reading: Paragon refreshes buy-to-let range from 3.55%
