The firm has announced that it has entered the buy-to-let market with a newly launched modern and paperless process.

Average landlords are earning £4,000 less a year per property compared to 2020 due to high interest rates

Alongside the rate reductions, the lender has also announced the launch of a new two-year, fixed-rate product for Professional borrowers.

The specialist lender has also launched a new limited edition buy-to-let product on a 5-year fixed term of up to 65% LTV.

According to the lender, the new product has been launched to help property investors ride out a period of uncertainty in the market.

The lender has also announced a series of rate cuts across its existing five-year fixes

New rates include 2-year fixed from 4.55% and 5-year fixed from 5.06%

The changes improve on the previous maximum allowance of four storeys

The lender has also widened its acceptable criteria on buy-to-let properties

Rates now start at 4.24% at 75% LTV with a 6% fee