Buy-to-let (BTL) product availability has increased to 4,144 deals in June, new data from Moneyfacts has indicated.

The figure marks the highest count on Moneyfacts’ electronic records, dating back to November 2011.

Average BTL fixed rates over two or five-year fixed terms have also fallen during June, for the fourth consecutive month. The average two-year fixed rate is at its lowest point since September 2022, whereas the average five-year fixed rate is at its lowest point since October 2024.

Moneyfacts finance expert, Rachel Springall, said that landlords searching for a new BTL mortgage may be “pleased” to see a rise in product availability, while borrowers concerned about interest rates would also find it “encouraging” to see rates falling.

“Lenders monitor swap rates to gauge future rate expectations, and when they drop it encourages mortgage rate cuts,” Springall commented. “Lower BTL rates might create a positive sentiment for new and existing landlords, however, there will be immense pressure on some to turn around a profit in the future.”

She added: “Landlords coming off a low-rate fixed deal and needing to refinance will see increasing rents as the easiest way to boost margins.

“It is also vital for prospective investors to weigh up the costs involved in entering the BTL market, such as the minimum 5% surcharge on Stamp Duty Land Tax. An investment in property is more than aiming for a monthly profit, it’s important to understand the longer-term returns of selling the asset, and the tax implications of selling up.”

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