There are currently 41 buy-to-let (BTL) mortgages at the record low rate of 1.5% or below, according to data from online buy-to-let mortgage broker, Property Master.
One lender is offering a buy-to-let mortgage at 1% although that is for existing customers only.
The Property Master research also shows 10 out of the 41 1.5% or below buy-to-let mortgage offers come without any arrangement fee.
Those with arrangement fees charge between £995 and £1,999. All of these offers were for fixed rates with the vast majority fixed over 2-years.
Angus Stewart, chief executive of Property Master, said: “With the housing market racing to the finishing line of the Stamp Duty holiday and with rents on the rise in most regions many landlords are looking to increase their property portfolio.
“Unsurprisingly lenders in the buy-to-let mortgage market are keen for a slice of this business and competition is hotting up in terms of pricing and the variety of products on offer.
“Some lenders are not willing to lend to first time landlords or those that are not a homeowner. If you are looking for a buy-to-let mortgage for an HMO (House of Multiple Occupancy) or for a holiday let, then you may find yourself looking for a more specialist lender but here too there are some competitive deals.
“Lenders are still keen to manage their risks and some of the better deals come with lower loan-to-values (LTVs) of 60% or 65%.
“Other lenders are limiting their offers to remortgages or product transfers. But this is not always the case and there are definitely some bargains to be had.”