Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.

More Lenders Announce Buy-to-Let Mortgage Rate Cuts

Several lenders have announced reductions to their buy-to-let mortgage rates and changes to their product ranges. The lenders named in the report are Paragon Bank, Landbay, Shawbrook, Coventry for intermediaries, and Accord Mortgages.

According to Property118, the changes affect a variety of products for landlords and property investors. These include Bank Base Rate trackers, five-year fixed rate mortgages, commercial bridging loans, and limited company buy-to-let products.

Paragon Bank has expanded its buy-to-let Bank Base Rate tracker range, introducing new two-year options. The report also notes that the other lenders have made changes across their landlord or property investor ranges, but does not provide further details.

Letting agents and inventory clerks may wish to note these developments, as changes in mortgage rates and product offerings can impact landlord clients and the wider rental market.