Both lenders have further reduced five-year fixed rates.

The changes cover Foundation's F1 and F2 tiers.

Rates now start from 5.39% across West One's limited edition range.

Recognise Bank first entered the buy-to-let market in 2021 with a product designed for professional and portfolio landlords.

Five-year terms are available up to 75% LTV from 5.75%.

The lender is expanding its HMO & MUFB range to cater to landlords purchasing or remortgaging properties with up to 12 lettable rooms/units.

Only 14% of brokers expect more personal name portfolio business in the same period.

At any time during the discounted product term, a landlord can apply to switch to any available Paragon fixed rate without incurring an early repayment charge.

Paragon Bank has announced the launch of a limited edition buy-to-let product range including options with nil and flat fees in response to broker feedback.

Emma Cox, MD of real estate at Shawbrook, discusses the professionalisation of the buy-to-let market in recent years, how landlords have come under further pressure in 2023, and how...