Updated rates and criteria aim to help brokers meet growing demand
Leek Building Society, Aldermore, and Molo have announced updates to their buy-to-let propositions, expanding support for landlords and intermediaries across the UK and international markets.
Leek Building Society has enhanced its limited company buy-to-let offering, with a focus on competitive fixed and discounted rate mortgages available up to 75% loan-to-value (LTV). Aimed at landlords operating through limited companies, the proposition caters to both portfolio and experienced landlords, with a flexible approach to lending criteria.
Key features include direct access to underwriters, no credit scoring, and support from dedicated business development and intermediary teams. The lender also provides a broker portal for online decisions in principle and case tracking.
“We know how important limited company lending has become in the buy-to-let market, and our offering is built to support brokers working in this space,” said Nikki Warren-Dean, head of the intermediary mortgage team at Leek Building Society. “Whether it’s straightforward applications or more complex cases, we provide the flexibility, access, and consistency brokers need to deliver for their clients.”
Aldermore has also announced enhancements to its BTL proposition, focusing on houses in multiple occupation (HMOs). Effective immediately, brokers can access free valuations on single HMOs up to six bedrooms, revised interest cover ratio (ICR) thresholds, and lending up to £2 million at 65% LTV.
The lender has introduced a new case management service and offers both managed and open panel conveyancing options, with assisted legal fees available for remortgages.
“We believe that this enhanced BTL proposition supports an increasing number of landlords who are moving into the HMO market,” said Jon Cooper, director of mortgages at Aldermore. “These changes again demonstrate our ongoing commitment to accessible solutions, clear communication, and expert guidance at every stage of the application process.”
Meanwhile, Molo has announced updated fixed rate pricing across its UK resident and expat buy-to-let ranges.
For UK-based landlords, five-year fixed rates now start from 4.44%, with 2-year fixed rates remaining at 2.83%. HMO and MUFB products begin at 3.03%.
New Fixed Rates LIVE! 🚨
— Molo (@molofinance) June 23, 2025
✔️ UK 5-yr fixed from 4.44%
✔️ HMO & MUFB from 3.03%
✔️ New Expat regional pricing from 4.75%:
More choice, better value for landlords. #mortgagenews #molofinance #mortgagelender #buytolet #ukmortgages #mortgagerates pic.twitter.com/X2YYSS8hXX
Molo has also introduced a regional pricing structure for expat customers. Region 1, which includes over 70 countries such as China, the Philippines, Mexico, and Eastern Europe, has fixed rates of 6.39% for both two- and five-year terms. The one-year rate is unchanged at 5.24%. Region 2, covering the United States, European Union, UAE and others, offers fixed rates starting from 4.75%, depending on product type and LTV.
“These updates reinforce our ongoing commitment to supporting landlords worldwide with competitive, accessible solutions,” said Martin Sims, Molo’s distribution director at Molo. “From standard buy-to-let to complex specialist cases, we are helping brokers and customers find the right fit, no matter where they are based.”
All Molo products are available to both individual and limited company landlords, with lending up to 85% LTV across standard BTL, HMOs, multi-unit freehold blocks (MUFBs), new builds, and holiday lets.
The moves come as the UK’s buy-to-let mortgage market recorded a sharp increase in activity in the final quarter of 2024. A total of 52,648 new buy-to-let loans were issued in Q4 2024, representing a 39.2% jump in volume and a 47.2% rise in value compared to the same period in 2023. The total value of lending reached £9.6 billion.
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