Best mortgage rates · Buy-to-let · July 2026

    Today’s best 2-year tracker buy-to-let rates, floating rate, full flexibility.

    BTL trackers that follow the Bank of England base rate — purchase and remortgage, re-ranked from lender product books every night. Many without early repayment charges.

    40+ lender product books Fee & no-fee best buys No signup, no credit check Refreshed nightly
    Refreshed nightly — rates as of 13 July 2026
    Loan to valueLTV = loan ÷ property value. A £50k deposit on a £250k home is 80% LTV.
    LenderInitial rateMonthlyTracks untilThenProduct fee
    1
    B
    BarclaysBest rate
    4.52%£753on £200,000 int-only2 yrs8.24%£899See full deal →
    2
    B
    Barclays
    4.52%£753on £200,000 int-only2 yrs8.24%£999See full deal →
    3
    H
    HSBC Bank
    4.59%£765on £200,000 int-onlyOct 20287.25%NoneFree valuationSee full deal →
    4
    H
    HSBC Bank
    4.59%£765on £200,000 int-onlyOct 20287.25%£1,999Free valuationSee full deal →
    5
    H
    HSBC Bank
    4.59%£765on £200,000 int-onlyOct 20287.25%None£350 cashbackFree legalsFree valuationSee full deal →
    Cheapest with no product feeHSBC Bank at 4.59% — £765/moView →

    Monthly payments illustrated on a £200,000 interest-only; fees not added to the loan. Rates shown are for comparison — full lender criteria apply.

    A 2-year tracker sets your rate as a fixed margin above the Bank of England base rate for 24 months, moving in step whenever the base rate changes. In the BTL context, trackers appeal most to landlords whose cashflow can absorb rate movement and who want to avoid locking in if they expect base rate to fall during the term. Many BTL trackers — more than their residential equivalents — are offered without early repayment charges, making them a genuine holding position: you take the floating rate now and refinance into a fix the moment the timing suits you.

    The ICR mechanics on a tracker work differently from a fixed product. Lenders stress-test a BTL tracker on a notional rate — typically the margin over base, plus an additional buffer — rather than the pay rate or a flat floor. As base rate moves, so does your actual monthly payment; the stress test is designed to check you could still cover interest if base rate rose from its current level. For landlords with higher-yielding properties the headroom is usually comfortable; in lower-yield markets the stress test deserves the same attention you’d give a fixed deal.

    We ingest the data ourselves

    Most comparison tables license the same third-party panel. We build ours directly from lender product data, run through our own quality-assurance pipeline — so we sometimes list deals other sites miss.

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    Frequently asked questions

    How these tables work, and how to choose between the deals on them.

    01Why do many BTL trackers have no early repayment charge?
    Trackers are priced on a variable margin rather than a locked rate hedge, which means the lender has less exposure to early exit than on a fixed product where rate risk is hedged from day one. Without that hedging cost, lenders can afford to waive ERCs. Not all BTL trackers are ERC-free — check the product detail — but the proportion is higher than on fixed products, and an ERC-free tracker is a meaningful structural advantage if you’re treating it as a flexible holding position.
    02How is the ICR stress test calculated on a BTL tracker?
    Lenders typically stress the tracker at a notional rate rather than the current pay rate, to account for the possibility that base rate rises during the term. The exact methodology varies by lender, but the general principle is a buffer above the current base rate, assessed against the rental income in the usual way — 125% cover for basic-rate taxpayers, 145% for higher-rate. Because the pay rate moves with base, lenders can’t test at pay rate the way they would on a fixed product.
    03What happens to my monthly BTL payment when the base rate changes?
    It changes in line with the base rate movement, usually within one to two months depending on the lender’s contractual terms. A 0.25% base rate rise adds roughly £42 a month to interest on a £200,000 interest-only loan. Most landlords using trackers model cashflow across a range of base rate scenarios; the BTL rental market typically provides some buffer through rent review, but a sustained period of rising rates can compress yields on highly leveraged properties.
    04Can I fix out of a BTL tracker mid-term?
    If the product has no ERC — which many BTL trackers do — you can remortgage or take a product transfer to a fixed rate at any point without penalty. If there is an ERC, the cost of exiting early applies just as it would on a fixed deal. This is why the presence or absence of an ERC matters so much on a tracker: it determines whether the product is genuinely flexible or just floating.
    05Are BTL trackers available for limited company landlords?
    Some lenders offer trackers in their SPV range but the choice is narrower than for personal-name borrowers. Limited company borrowers may find the fixed-product range better developed at any given lender. The tables here show the headline BTL market; use the limited company filter on our full rates page to see what’s available to SPV borrowers specifically.

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    Important: The information and tools provided on this website are for informational purposes only and do not constitute financial advice. Whilst every effort has been taken to ensure accuracy, you should seek independent financial advice to ensure your specific circumstances are fully taken into account before committing to any course of action.

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