Interest rate cuts are still not benefiting landlords, according to NLA Mortgages, and the latest Bank of England interest rate cut will not be passed on.

Simon Gordon, head of communications of the National Landlords Association (NLA), said that recent base rate reductions did not seem to be passed on from banks and building societies to buy-to-let borrowers. He said: “At a time where rental demand is on the up across the UK, many professional landlords will be looking to expand their portfolios, thus providing much needed housing.”

Gordon went on to say there is a strong demand for buy-to-let mortgage products but they are in short supply, meaning there is a risk of many tenants not having their housing requirements met. He added it was now time for lenders to start to “play ball”.