Book Consultation Talk to an Expert Mortgage Questionnaire Mortgage Calculator

More buy-to-let rates available as lenders improve stress test calculations

Mar 05 2023

The number of buy-to-let mortgage products has returned to its highest count since last July following a mass product drop.

In an article published in November, data firm Moneyfacts reported signs of recovery in the buy-to-let space. Buy-to-let product availability had recovered from 988 mortgages in October to 1,769 on 25 November 2022. As of March, there are 2,400 rate options in this sector.

Moneyfacts says both the average two and five-year fixed rates rose to 6% towards the tail end of 2022, but thankfully, both rates have slowly dipped below this level. As of March, the average two-year fixed deal stands at 5.81%, while the average five-year fixed sits at 5.72%.

What is happening in the buy-to-let market?

The increases in buy-to-let mortgage rates and the subsequent rise in stress rates have made buy-to-let extremely difficult unless landlords have a huge deposit often around 50%.

Mortgage lenders use stress tests to work out maximum loan sizes and these calculations shot up almost overnight following the Liz Truss 'mini-budget.'

We are starting to see some lenders act to make it slightly easier to allow landlords to borrow more money. BM Solutions, Skipton for Intermediaries and TSB have all made improvements and other lenders are set to follow their lead.

Jed Newton, director of Trinity Financial, says: "Mortgage Lenders need to work out how they can make the calculations work for clients to allow them to borrow otherwise people will turn their back on the sector. The availability of rental properties will continue to get worse if nothing is done. The interference by the government through taxation and the regulators through rules and stress tests have drastically hit the sector."

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

The information contained within this article was correct at the time of publication but is subject to change.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage

As seen in

Get in touch

To arrange a meeting with one of our expert mortgage advisers complete our enquiry form or mortgage questionnaire and we will call you back. Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

You voluntarily choose to provide personal details to us when submitting an enquiry. Your information is confidential and held in accordance with the appropriate data protection requirements. Read Trinity Financial's privacy policy.

Your first name: *
Your last name: *
Your contact number: *
Your email address: *
Your preferred date: *
Your preferred time: *
How can we help you? *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Other ways to get in touch

020 7016 0790

enquiries@trinityfinancialgroup.co.uk

Whatsapp 077805 31022

Mortgage Questionnaire

155 Upper Street, Islington, London, N1 1RA

Google Reviews

We believe that working together is the best way to gain trust, reliability and certainty.

We had the pleasure of working with Jed on our mortgage. He guided us patiently and efficiently through any questions we...

We had the pleasure of working with Jed on our mortgage. He guided us patiently and efficiently through any questions we had and was always on hand to offer great advice. Excellent service and highly recommended!

Less

Cindy Koewandhono Aug 12 2024

Very happy with the exceptional service. David has demonstrated a high level of professionalism and expertise...

Very happy with the exceptional service. David has demonstrated a high level of professionalism and expertise.

Less

Marzena Franek Aug 05 2024

We were looking for mortgage broker for our housing mortgage. Looked through some online brokers but decided to go with ...

We were looking for mortgage broker for our housing mortgage. Looked through some online brokers but decided to go with Trinity Financial.

Sophie was handling our case and because of her promptness we could secure the best rate at that time for us. Definitely recommend their services to anyone looking for a housing mortgage!

Less

Charusheela Bopardikar Jul 22 2024

years' experience

Over the last 15 years we have helped thousands of clients to purchase new homes, secure buy-to-let mortgages and remortgage.

mortgage experts

Trinity’s experts will do everything possible to secure the fastest mortgage offers while providing you with regular progress updates.

17,844

mortgages arranged

We consistently arrange fantastically priced fixed and tracker rate mortgages through the leading banks and building societies.

More buy-to-let rates available as lenders improve stress test calculations

Get started today

Get in touch

Other ways to get in touch