Three lenders cut mortgage rates in the same week. If you are a landlord mid-deal or approaching a remortgage, here is what each move means for your monthly payment.
Family Building Society: Trackers Launched, HMO Products Return
Family Building Society announced a new range of two-year interest-only tracker products for owner-occupiers and buy-to-let (BTL) landlords, according to Mortgage Solutions (25 June 2026). The trackers are available for UK and expat landlords, including those borrowing through limited company special purpose vehicles (SPVs - a legal structure used to hold property assets separately from personal finances).
The society also reintroduced five-year fixed rate products for house in multiple occupation (HMO - a property let to three or more unrelated tenants sharing facilities) properties. These cover both UK and expat landlords and had been withdrawn in March. It cut its two-year fixed rate by 30 basis points (bps - each basis point equals 0.01%) and its five-year UK landlord rates by 10bps.
Darren Deacon, Family BS head of intermediary sales, said broker enquiries for tracker products are increasing. Borrowers want flexibility "while they wait for more stable economic and political conditions before committing to a longer-term fixed rate." If you want to stress-test a BTL loan against tracker and fixed scenarios, Property Filter's BTL stress test calculator can run the numbers side by side.
The Mortgage Works: Third BTL Rate Cut in June
The Mortgage Works (TMW) cut rates by up to 0.25% on selected one-, two- and five-year fixed rate products - its third set of cuts in June, per Mortgage Solutions.
The headline numbers: the limited company BTL two-year fix sits at 4.09% with a 3% fee, available up to 75% LTV (loan to value - the share of a property's value you are borrowing). For standard purchase and remortgage at 65% LTV, the two-year fix drops to 3.19% with a 3% fee. The five-year fix for purchase and remortgage at 65% LTV comes in at 3.99% with a 3% fee.
On a £200,000 BTL loan at 3.19% interest-only, your monthly cost is roughly £532. At the previous rate - 0.25% higher - that same loan cost around £574. That is a saving of around £42 per month. Dan Clinton, TMW's head of BTL, said the cuts aim to help landlords manage cost pressures. Use Property Filter's BTL stress test calculator to check how these rates perform against your ICR (interest coverage ratio - the lender's affordability check for BTL).
Nationwide: Up to 0.25% Off Across All Buyer Types
Nationwide cut rates across first-time buyer, homemover, remortgage and switcher ranges - its third rate reduction in June, per Mortgage Solutions. The lowest fixed rate is now 4.19% for customers moving home.
First-time buyers see reductions of up to 0.18% across two-, three-, five- and 10-year fixes up to 95% LTV. Remortgage customers benefit most - cuts of up to 0.25% across two-, three- and five-year products up to 95% LTV. Switcher products (existing Nationwide customers moving to a new deal without moving home) dropped by up to 0.14% across two-, three- and five-year fixes up to 90% LTV. Homemovers see reductions of up to 0.15% across two-, three-, five- and 10-year fixes up to 95% LTV.
Henry Jordan, Nationwide's group director of mortgages, said the lender is "committed to supporting all borrower types." For context on how rate movements fit broader property finance strategy, see Property Filter's mortgage and bridging finance guides.
Key takeaways
TMW's BTL two-year fix is now 3.19% at 65% LTV and 3.99% on a five-year fix at 65% LTV, both with a 3% fee.
Nationwide's remortgage customers save up to 0.25% across two-, three- and five-year products, with the lowest fixed rate now 4.19%.
Use Property Filter's free calculators to run your current deal against these new rates before your next renewal date.
