The lender has announced that following the reductions standard two-year fixed products now start from 4.04%

The new products are available for individual and limited company applications in England, Scotland and Wales

The move will see the lender roll out its existing business BTL, Consumer BTL and regulated Family BTL products to Scottish borrowers.

The average age of landlords purchasing new buy-to-let property has fallen over the last decade, driven by strong growth in the proportion of landlords in their 30s.

The lender has cut rates on its F1 five-year, special Portfolio Landlord-only products by 10 basis points, with rates now starting from 4.89%

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.