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

2-year tracker buy-to-let rates, rate that moves with the base rate.

BTL tracker products are thin on the ground — this table shows what’s live in the market tonight, re-ranked from lender product data ingested every night.

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.

Lender	Initial rate	Monthly	Tracks until	Then	Product fee
1 B BarclaysBest rate	4.52%	£753on £200,000 int-only	2 yrs	8.24%	£899	See full deal →
2 H HSBC Bank	4.59%	£765on £200,000 int-only	Oct 2028	7.25%	NoneFree valuation	See full deal →
3 H HSBC Bank	4.59%	£765on £200,000 int-only	Oct 2028	7.25%	£1,999Free valuation	See full deal →
4 S Skipton BS	4.72%	£787on £200,000 int-only	2 yrs	6.29%	£1,495Free legalsFree valuation	See full deal →
5 S Skipton BS	5.27%	£878on £200,000 int-only	2 yrs	6.29%	NoneFree valuation	See 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 buy-to-let tracker follows the Bank of England base rate plus a fixed margin for the duration — typically two years — which means your monthly payment rises or falls in step with base rate moves rather than being locked. The appeal for a landlord purchasing today is that many BTL trackers carry no early repayment charge, giving you the option to switch to a fixed rate, sell, or refinance without penalty at any point during the two years. That flexibility has real value on an acquisition where plans may evolve.

The BTL tracker market is genuinely shallow. Most lenders who offer buy-to-let products concentrate their pricing in fixed-rate terms, and at any given time only a handful publish live tracker rates in their BTL purchase ranges. What appears in this table reflects what cleared our nightly ingest from those lenders’ product books — which is typically two to four products rather than the depth you’d see in a fixed-rate comparison. The rental stress test on a tracker is usually based on the current pay rate plus a buffer, similar to how shorter fixes are assessed.

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.

Refreshed every night

Every product, every lender, re-ranked nightly. No manually maintained best-buy lists, no stale screenshots of last week's market.

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Frequently asked questions

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

01Are BTL tracker mortgages usually ERC-free?

Many are, but not all — check the specific product terms rather than assuming. ERC-free trackers are valuable precisely because they let a landlord exit cleanly if the base rate rises sharply or a better fixed deal becomes available. Some lenders charge an early exit fee (distinct from an ERC) or a booking fee that is non-refundable if you switch; confirm these costs before applying.

02How does the stress test work on a tracker rate?

Because trackers have a variable pay rate, lenders cannot test ICR at the actual rate alone — the rate could rise. Most assess a BTL tracker for rental cover at the current pay rate plus a stress buffer, often 2% or a floor around 5.5%, broadly similar to how they treat a 2-year fix. The specific floor and buffer vary by lender, so the same property and rent can pass at one lender and fail at another even on nominally similar tracker products.

03What happens if the Bank of England raises rates during my tracker term?

Your rate and monthly payment rise by the same amount automatically — there is no negotiation or new application needed. The converse also holds: a base rate cut reduces your payment immediately from the next adjustment date, typically the first of the following month. Unlike a fixed rate, there is no ceiling unless the product has a cap (rare in BTL). Your cashflow must be able to absorb upward moves throughout the two-year term.

04Why are there so few BTL tracker products compared with fixed rates?

Lenders fund fixed-rate mortgages through swap markets, which they can hedge precisely. Tracker products pass the base rate risk directly to the borrower — the lender retains the margin but not the rate uncertainty. In the BTL market, where a property’s rental income doesn’t move in step with interest rates, lenders and borrowers both find the certainty of a fix more manageable, which is why tracker products are a relatively small part of the BTL product range.

2-year tracker buy-to-let rates, rate that moves with the base rate.

Other terms for purchases

2-year tracker for other borrowers

We ingest the data ourselves

Refreshed every night

Mortgages only

Frequently asked questions

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