12:02 AM, 11th May 2026, 9 hours ago
Hinckley & Rugby for Intermediaries has launched new buy to let (BTL) products up to 80% loan-to-value.
The mutual has introduced two-year discounted products for landlord borrowers buying or refinancing, with rates starting from 4.99%.
The lender says the higher LTV range gives brokers more options in a section of the market where choice has been more limited, particularly for landlords using limited company structures.
Alongside the launch, Hinckley & Rugby has cut the rate on its limited company BTL two-year discounted product at 70% LTV by 0.4%, taking it from 5.40% to 5%.
That product comes with a £1,249 fee.
Landlords wanting flexibility
The lender says the changes are intended to help brokers working with landlords who want shorter-term flexibility while the interest rate outlook remains uncertain.
Laura Sneddon, the head of mortgage Sales and Distribution, said: “Five-year fixed rates have been the default for many landlords for a reason, particularly from an affordability and rental coverage perspective, but that doesn’t always reflect how clients are thinking in the current market.
“By introducing 80% LTV options and adjusting pricing across the range, we are giving brokers more scope to structure cases around those real conversations, rather than relying on a single approach.”
HSBC buy to let rates reduced
HSBC has also reduced selected BTL fixed rates for landlords by up to 0.09%, according to Moneyfactscompare.co.uk.
Its two-year fixed-rate mortgage at 60% LTV for second-time buyers is now priced at 4.94%, fixed to 31 July 2028.
The product has no fee, includes a free valuation and allows overpayments up to a maximum of 20%.
It is available across Great Britain and Northern Ireland.
Caitlyn Eastell, a personal finance analyst at Moneyfactscompare.co.uk, said: “Alongside reducing variable tracker rates, HSBC has also reduced selected fixed rates for landlords by up to 0.09%.
“The two-year option at 60% LTV for second-time buyers has seen a smaller cut and is now priced at 4.94%.
“Landlords looking to minimise upfront costs may be pleased to note the no payable fee and free valuation incentive.”
InterBay cuts limited edition rates
InterBay has made rate cuts across selected limited edition products in its commercial investment and semi-commercial ranges.
The specialist commercial lender, part of OSB Group, has cut 50 basis points from its two-year fixed-term mortgage and 20 basis points from its five-year fixed product.
Marc Callaghan, the head of commercial lending, said: “These rate reductions are another clear demonstration of our commitment to supporting brokers and their clients in a fast moving market.
“By cutting up to 50 bps across limited edition products, we’re making it easier to structure deals with confidence and deliver better outcomes for investors.”
YBS restructures its Homes division
Yorkshire Building Society has reorganised its Homes division, bringing buy to let, commercial and residential lending into a simpler operating model.
The Society says the changes are designed to support future growth and improve service for customers and brokers.
A new director of distribution role is being created, with responsibility for strategic partnerships and broker relationships through Accord Mortgages and YBS Commercial Mortgages, as well as direct advised customers.
Tom Simpson, the managing director of Homes, said: “We are proud of the service we already provide to brokers and customers.
“These changes are about building on our strengths and ensuring we are well-set to support brokers and customers now and in the future.”
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