THE PROPERTY FILTER TAKE
Seven specialist and buy-to-let lenders changed, withdrew or gave notice to withdraw ranges between 16 and 18 September 2026, including a 20bps rise on Fleet Mortgages two-year fixed product transfers.
Foundation withdrew its F2 Holiday Let five-year fixed at 6.44% and its F2 MUFB five-year fixed with no replacement, and replaced most of the rest of its buy-to-let range at higher rates.
Consider costing a maturing fix at rates quoted this week, and speak to your broker about what your existing lender offers on a product transfer.
Seven specialist and buy-to-let lenders changed or withdrew ranges between 16 and 18 September 2026. Where a lender stated the direction, buy-to-let mortgage rates mostly moved up, though several lenders gave no direction at all. Fleet Mortgages added 20bps (basis points; 100bps equals 1 percentage point) to its two-year fixed product transfer rates from 5pm on 17 September (Mortgage Strategy, 17 September 2026). If you run serviced accommodation (short-stay lets) on buy-to-let, limited company or holiday let debt, this is your borrowing cost moving.
Which lenders changed their buy-to-let ranges?
Fleet repriced its fixed rate product transfer range from 5pm on 17 September, following product changes the previous week. A product transfer is the rate your existing lender offers you to move onto a new deal without remortgaging. Two-year fixed standard, limited company and HMO/MUFB (house in multiple occupation and multi-unit freehold block) product transfers rose by 20bps. The five-year fixed equivalents rose by 10bps. Fleet left its core new business range and its product transfer trackers unchanged (Mortgage Strategy, 17 September 2026).
Vida Homeloans withdrew its new business and product transfer range at 11.59pm on 17 September. It was due to relaunch a new range the next morning, and the source does not say how that pricing compares. Cases needed a decision in principle (DIP) with a product selected, all fees paid and mandatory documents uploaded by that cut-off. They also had to reach application received stage, or Vida said it might return them to DIP stage.
Foundation withdrew most of its buy-to-let range at 5.30pm on Thursday 17 September, with higher-priced replacements arriving the following day. Aldermore withdrew and repriced across its residential and buy-to-let ranges at 5pm on Wednesday 16 September, without stating which way the rates went. It confirmed that DIPs stay valid for 30 days and secure the product even if it is later withdrawn (Mortgage Strategy, 16 September 2026).
The Mortgage Works went both ways, with selected increases and reductions across its new business and switcher ranges from Thursday 17 September. New business fixed rates start from 3.49% and trackers from 3.99%, with a switch-to-fix option on every tracker. Those are starting rates, not the rate an operator gets quoted. CHL Mortgages and Moda Mortgages were set to withdraw their current ranges on 16 September, and neither source says what, if anything, followed (Mortgage Strategy, 16 September 2026). Our guide to lender and broker negotiation covers how these windows run.
Why does the holiday let withdrawal matter?
Two Foundation products went with nothing behind them: an F2 MUFB five-year fixed at 6.34%, and an F2 Holiday Let five-year fixed at 6.44%. Both carried a £4,995 fee (Mortgage Strategy, 16 September 2026). Most of the rest of that buy-to-let range was replaced at a higher rate.
For an operator, the holiday let line is the one to read twice. A product vanishing with no replacement is a different event from a rate rising by 10bps. Your nightly rate and occupancy flex month to month. The debt underneath does not, so it deserves as much attention as the listing. Our property investment strategies hub covers holding serviced accommodation alongside standard lets.
What if your fix matures soon?
The range-withdrawal cut-offs have all passed. Two clocks are still running. Aldermore's DIPs from 16 September hold their product for 30 days, and a converted application then carries a 10-day document window. Foundation's application and valuation fees fall due by 5.30pm on the third working day after a full application was submitted (Mortgage Strategy, 16 September 2026). For a submission on Thursday 17 September, that counts to Tuesday 22 September.
On pricing, three lenders stated a direction. Fleet put its product transfer rates up, Foundation's replacements came back higher, and The Mortgage Works moved both ways.
If yours matures soon, the useful exercise is costing the new payment at rates quoted this week, not last year's number. You may wish to run it through our free buy-to-let stress test calculator, which shows how a higher pay rate changes the rental cover a lender wants.
If you have a case in progress, you may wish to ask your broker where your application sits and which clock applies. Our free property resources help with the paperwork side.
Key takeaways
Seven specialist and buy-to-let lenders changed, withdrew or gave notice to withdraw ranges between 16 and 18 September 2026: Fleet, Vida, Foundation, Aldermore, The Mortgage Works, CHL Mortgages and Moda Mortgages.
Fleet's two-year fixed product transfers rose 20bps and its five-year fixed product transfers 10bps, with its core new business range unchanged.
Foundation's F2 Holiday Let five-year fixed at 6.44% and its F2 MUFB five-year fixed at 6.34%, both with a £4,995 fee, were withdrawn without replacement.
The Mortgage Works moved rates both ways, with new business fixed rates starting from 3.49%.
Frequently asked questions
Are these deadlines still open?
What is a product transfer?
Does the 20bps increase apply to new buy-to-let applications?
