Average rents rose by 2.9% in Q2 2025 across all regions, according to newly released data from Fleet Mortgages.

The lender has also launched a new cashback offer on 55% LTV products

The 10bps reductions across existing two-year products follow growing demand from clients who don't want to "lock in for too long."

Landlords can now earn up to £2,000 cashback on eligible HMO and MUFB mortgages through Fleet’s new and existing incentive schemes.

The lender has reduced its rates ahead of a widely anticipated base rate cut by the Bank of England.

The guide has been created in response to growing interest in HMO investment

The launch follows last week’s criteria changes announced by the lender and a number of other price cuts in March.

The criteria changes follow rate cuts made earlier this week to the lender’s range of standard and limited company five-year, fixed-rate products.

The latest rate reductions follow similar cuts the lender made on its two-year fixed-rate products at the end of February.

The cuts follow the lender's launch of a new range of two-year trackers last week