Buy-to-let Landlords

Resurgence in landlord confidence

February 28, 2024
Information published was correct at the time of writing

Renewed in landlord confidence

Landlord remortgaging their properties have displayed renewed faith in fixed rate mortgages. A recent survey of these property owners has shown a resurgence in the popularity of five-year fixed mortgages[1].

The survey revealed that 51% of landlords who were considering remortgaging would choose this type of mortgage product, marking an 11% increase since April last year. However, it is worth noting that the figure was slightly lower, at 46%, back in December 2022.


Five-year fixed rates are once again becoming a favoured choice, bouncing back from the dip in popularity following Liz Truss’s 2022 Autumn Budget. Before the budget announcement, a substantial 68% of landlords remortgaging their properties chose this type of mortgage.

Interestingly, the number of landlords opting for two-year fixed mortgages has held steady since April 2023, with 32% stating they would select this option. This shows an increase in demand compared to December 2022, when only 24% would have chosen this type of mortgage.


The survey also uncovered a slight increase in landlords choosing variable tracker rates. A total of 13% of landlords stated that they would opt for a variable tracker rate mortgage, a significant rise compared to just 4% in April 2023. However, this figure was somewhat higher, at 17%, in December 2022.

On the other hand, fewer landlords – a mere 4% – opted for long-term fixed rate mortgages (seven to ten-year terms), a decrease from the 7% reported in both April and December 2022.


The survey findings hint at a rejuvenated interest in five-year fixed rates, indicating an increased confidence in the stability of interest rates. The growth in landlords choosing variable tracker rate products suggests that some may anticipate a decrease in base rates sooner rather than later. Others may view these products as a temporary solution.

Don’t forget, our professional friendly advisors are on hand to support you and can help you explore all of your options.


[1] Landbay Partners survey – 1/12/23

Want to learn more about how we can help you?

Meet With Us