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

    5-year tracker buy-to-let rates, long-term variable exposure, rarely available.

    Five-year BTL trackers surface occasionally, typically from specialist lenders. When a product clears our nightly ingest it will appear here — until then, the closest live alternatives are below.

    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.
    No 5-year tracker buy-to-let purchase products are in our nightly data today. This reflects genuine market scarcity — 5-year BTL trackers are not a term lenders routinely offer, and the table may remain empty for extended periods. The closest live alternatives are shown below, and this page re-ranks automatically each night if a product does appear.

    Closest alternative: 2-year fixed

    Live 2-year fixed best buys at the same filters — see the full 2-year fixed table →

    LenderInitial rateMonthlyFixed untilThenProduct fee
    1
    N
    NatWest GroupBest rate
    3.94%£657on £200,000 int-only2 yrs6.74%£3,999Free valuationSee full deal →
    2
    H
    HSBC Bank
    4.34%£723on £200,000 int-onlyOct 20287.25%£3,999Free valuationSee full deal →
    3
    S
    Santander UK
    4.45%£742on £200,000 int-only2 yrs£1,749Free valuationSee full deal →

    Closest alternative: 5-year fixed

    Live 5-year fixed best buys at the same filters — see the full 5-year fixed table →

    LenderInitial rateMonthlyFixed untilThenProduct fee
    1
    N
    NatWest GroupBest rate
    4.32%£720on £200,000 int-only5 yrs6.74%£5,999Free valuationSee full deal →
    2
    H
    HSBC Bank
    4.48%£747on £200,000 int-onlyOct 20317.25%£3,999Free valuationSee full deal →
    3
    S
    Santander UK
    4.59%£765on £200,000 int-onlyOct 20316.50%£1,749See full deal →

    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 5-year tracker buy-to-let purchase mortgage offers something structurally different from either a 5-year fix or a 2-year tracker: a long commitment to a variable rate rather than a locked one. The ERC structure on a 5-year tracker is worth scrutinising closely — unlike many 2-year trackers, which are often ERC-free, a 5-year tracker product may carry redemption charges across some or all of the term. If the rate does carry charges, you’d be exposed to base rate movements without the ability to exit cheaply if the rate environment turns against you. ERC-free 5-year trackers exist but are uncommon even in the residential market.

    One context where a 5-year BTL tracker can make sense is when a landlord believes base rates will trend meaningfully lower across the period, wants to capture that downward movement rather than lock a rate today, and has the cashflow headroom to absorb movements in the other direction. On a large portfolio, even a small margin difference compounds significantly across multiple properties and five years. The stress test on a 5-year tracker, unlike a 5-year fix, is unlikely to be assessed at pay rate — lenders typically apply a buffer to variable-rate products regardless of term, which affects the maximum loan.

    We ingest the data ourselves

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    Frequently asked questions

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

    01Why do BTL lenders so rarely offer 5-year tracker products?
    A 5-year tracker requires the lender to fund at a variable cost while passing rate risk to a landlord borrower whose rental income does not automatically rise with interest rates. That mismatch creates credit risk: if rates rise sharply, a landlord’s ICR deteriorates but the loan remains outstanding. Most BTL lenders find it simpler to offer fixed-rate products where the risk is clearly allocated, reserving their variable-rate book for shorter terms where the exposure is time-limited.
    02Would a 5-year BTL tracker be assessed at pay rate for ICR purposes, like a 5-year fix?
    Almost certainly not. The pay-rate ICR assessment that benefits 5-year fixes reflects the lender’s confidence that the rate is locked. A tracker, by definition, can move during the term — so a lender would typically apply a stress buffer regardless of the initial term length. That removes the borrowing-capacity advantage that makes 5-year fixes attractive and means the product would be assessed more like a shorter-term product for rental cover purposes.
    03Are there any ERC-free 5-year BTL tracker products?
    Occasionally, though they’re rare even when 5-year BTL trackers are available at all. An ERC-free 5-year tracker would be the most flexible BTL purchase product in the market — a variable rate with no exit penalty — which is presumably why lenders are reluctant to price it competitively. If one appears in the table above it will have cleared our nightly ingest; the product notes will confirm the ERC terms.
    04What are my practical alternatives if I want long-term variable exposure on a BTL purchase?
    The most realistic path is a 2-year tracker (ERC-free where possible), then reassess at expiry. That gives you variable-rate exposure without locking yourself into a 5-year commitment at a rate that may not be competitive. Alternatively, a 5-year fix at pay-rate stress pricing — which maximises day-one borrowing — combined with a plan to switch products at year four gives you a medium-term fix with a known exit point.

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