Online mortgage firm Habito is now offering longer-term fixed rates for landlords at seven and 10 years.

The company says these fixed rate terms would be on offer at both 80% LTV and 85% LTV.

And a new 85% product across the full range of terms has been launched for properties with an Energy Performance Certificate (EPC) rating between A and C and that are valued at a minimum of £100,000.

Maximum loan sizes have also been doubled from £1m to £2m for landlords in London and the South East, where the firm said “a vibrant rental market has been restored since Covid restrictions have been lifted”.

Habito vice president of lending Alan Fitzpatricksays the move to offer longer-term mortgages made sense given recent moves by the Bank of England.

“We know that landlords have seen the multiple base rate hikes from the Bank of England since December, and are considering fixing their rate for longer to get that security over their monthly mortgage repayments and protect their rental yield,” he says

He adds the new 85% LTV product would also reward landlords with properties with better energy performance ratings “as we try to encourage landlords to think ahead to the proposed upcoming EPC changes which will require buy-to-let properties to have a rating of C or above by 2025, to begin a new tenancy”.

Habito has updated its range of fixed rates, ranging from three-year deals at 65% LTV starting at 3.3%, to 10-year deals at 75% LTV starting at 3.54%.