Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Rely launches limited-edition BTL range with rates from 2.85%

Rely has launched a limited-edition buy-to-let (BTL) range, with rates starting from 2.85% on its one-year fixed rate. The lender said the range is intended to support affordability and give landlords and brokers greater choice.

What's in the range

The limited-edition range includes one-year fixed rates from 2.85% with a new 3.5% fee option, two-year fixed rates from 3.59% with 3.5% and 5% fee options, and five-year fixed rates from 4.55% with 3.5%, 5% and a new 7% fee option.

The products are available up to 65% and 75% loan to value (LTV) and are open to landlords of all portfolio sizes. The new range will sit alongside Rely's existing BTL offering, which the lender is retaining.

Why it matters for landlords and agents

For letting agents and inventory clerks, the launch signals fresh competition in the BTL mortgage market, which could support landlord activity in the private rented sector. Rely joins CHL and ModaMortgages, which similarly launched limited-edition ranges in recent days.

Adrian Moloney, group lending distribution director at Rely, said the lender had moved quickly to launch the range with markets showing early signs of greater stability and swap rates easing from recent highs. He said the additional fee options enable lower initial pay rates, supporting affordability while giving brokers greater flexibility when placing cases, and that retaining the existing range gives brokers a wider choice of solutions for their clients.