Hinckley & Rugby Building Society has announced the launch of a Buy-to-Let 5-year fixed rate at 4.99%, designed specifically for limited companies allowing top slicing.

The buy-to-let specialist lender has reduced rates by 15 basis points.

Shawbrook’s latest internal data reveals a 102% year-on-year increase in the proportion of lending allocated specifically to commercial property purchases from 2023 to 2024.

The high cost of buying is delaying more than four out of every 10 prospective first-time buyers from getting onto the property ladder.

The new product, which has rates starting from 0.6% comes alongside newly announced rate reductions from the lender.

A new study has found that almost a third of people don’t know the size of the deposit they would need to buy their own home.

The £27.5m deal with Leumi UK is the firm's largest to date.

The buy-to-let lender has made rate reductions across its fixed-rate product range by as much as 0.20%.

The return of the 5-year limited edition products aims to provide more choice for landlords and homeowners, according to the Aldermore.

The specialist lender has reduced rates following a surge in demand for bridging lending