Halifax Cuts Mortgage Rates, Landbay Expands BTL – What This Means for Buyers

Halifax Cuts Mortgage Rates & Landbay Expands BTL – What It Means for Buyers & Landlords

In a significant move for mortgage borrowers, Halifax has announced a reduction in residential fixed-rate mortgage deals, cutting rates by up to 31 basis points (bps). This shift is set to make homeownership more affordable, particularly for those looking to remortgage or secure a better deal on their existing mortgage.

Starting Friday, Halifax will also reduce rates on product transfers and further advance loans by up to 31bps, while selected remortgage fixed deals will drop by up to 25bps. These reductions could lead to lower monthly payments and create better opportunities for first-time buyers, home movers, and contractors looking to refinance.

But that’s not all—landlords and property investors also have something to look forward to.

Landbay Launches New Buy-to-Let (BTL) Products

Landbay has unveiled four new limited-edition Buy-to-Let (BTL) mortgage products, designed to support landlords investing in small Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs).

These products are five-year fixed-rate deals at up to 75% loan-to-value (LTV), catering to both purchases and remortgages, with loan sizes ranging from £150,000 to £500,000.

What’s on Offer?

📌 Limited Edition HMO/MUFB – 5-Year Fixed at 75% LTV

• 5.49% interest rate with a 3% fee

• Available for purchase and remortgage

📌 Limited Edition HMO/MUFB – 5-Year Fixed at 75% LTV

• 5.09% interest rate with a 5% fee

• Available for purchase and remortgage

📌 Product Transfer HMO/MUFB – 5-Year Fixed at 75% LTV

• 5.49% interest rate with a 3% fee

📌 Product Transfer HMO/MUFB – 5-Year Fixed at 75% LTV

• 5.09% interest rate with a 5% fee

What This Means for Homebuyers & Landlords

For homebuyers, Halifax’s rate cuts could mean more affordable mortgage repayments, making it a great time to review existing deals or consider refinancing.

For landlords, Landbay’s new BTL offerings provide greater flexibility, especially for those investing in HMOs and MUFBs, which typically generate higher rental yields than standard buy-to-let properties.

Need Help Finding the Right Mortgage?

At Mortgage-Tek, we specialise in helping self-employed professionals and contractors secure the best mortgage deals tailored to their unique income structure. Whether you’re looking to buy your first home, remortgage, or expand your property portfolio, we’re here to help.

📞 Get in touch today to explore your options and make the most of these market changes!