The price of a five-year fixed rate product in the W1 limited-edition range now starts at 5.45% landlords with standard properties and 5,54% for those with specialist properties. The equivalent two-year fixed rate products both start from 5.50%.
Meanwhile, for non-portfolio landlords - those with three or less properties - rates for a two-year and five-year fix start from 5.39% and 5.40% respectively.
Andrew Ferguson, Managing Director of Buy-to-Let Mortgages, said: "We are moving quickly to pass on these rate reductions as the outlook for inflation and swap rates begins to improve. The market has been through a tumultuous period and it has made life difficult for landlords, intermediaries and lenders alike.
"We are very pleased to be back in a position to reduce our rates and to offer landlords a more competitive range of lending options. The strength of the business coupled with its flexible, responsible approach to lending is what makes this possible. Whatever the market has in store, we will be here to support landlords as much as we can."
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