Buy To Let Mortgage Rates Uncertain After Ceasefire
Buy To Let Mortgage Rates Uncertain After Ceasefire
Updated Apr 23, 2026
Buy-to-let mortgage rates remain uncertain despite a cooling-off ceasefire in the US-Iran conflict during April 2026.
US President Trump's negotiation style of making threats he often doesn't carry out is bamboozling the markets, but unless a fixed deal ends within the next few months, the long-term nature of mortgages means lower rates in some years are likely to smooth the impact of higher rates in others.
Some mortgage experts are already claiming that mortgage interest rates are starting to fall. Adam French, head of consumer finance at Moneyfactscompare.co.uk, said:
"Markets welcomed the reported reopening of the Strait of Hormuz, with two- and five-year swap rates falling back below 4 percent for the first time in a month."
"This strengthens the view that mortgage pricing may have peaked, particularly as we've seen the first Moneyfacts reports the average 2-year fixed residential mortgage rate has nudged up to 5.20% today percent, from 5.10 percent three days ago. Rates were 4.84 percent before the US-Israeli coalition struck Iran."
Moneyfacts reports the average residential mortgage rate is 5.74 percent. Rates were 4.84 percent before the US-Israeli coalition struck Iran. The rates reflect that the Bank of England is unlikely to lower rates again this year.
Best buy-to-let mortgage rates
A buy-to-let borrowing deal that failed to make the charts is a 5.35 percent fix until May 31, 2028, from HSBC. Although the rate is far from the best deal, the mortgage comes without product fees, a free valuation and the option to make overpayments up to a maximum 75 percent loan-to-value.
Deal
No of deals
Rate
Lender
Best fixed rate
2 yr fixed
1504
2.94%
Zephyr Homeloans
3 yr fixed
89
4.11%
BM Solutions
5 yr fixed
1684
4.37%
BM Solutions
Best loan-to-value deals
65%
3618
2.90%
Stafford Building Society
75%
2424
2.95%
CHL Mortgages
85%
533
3.34%
Molo Finance
Best variable rates
Discounted
107
2.90%
Stafford Building Society
All variable rates
137
2.90%
Stafford Building Society
Best specialist deals
Best corporate deal
10
3.09%
CHL Mortgages
Best first-time landlord deals
10
4.65%
Furness Building Society
Best of all buy-to-let mortgages
-
2.90%
Stafford Building Society
Source: Moneyfacts
An example mortgage is borrowing £170,000 over 25 years on a house valued at £284,000 at an interest rate of 4.58 percent variable for 25 months, reverting to 8.49 percent variable for the term. 25 monthly payments of £648.83 and 275 monthly payments of £1202.75. Total payable £518,201.00, including loan amount, interest of £346,977, a zero valuation fee and product fees of £999. The overall cost for comparison is 8.2 percent APRC representative.
