Expat holiday let mortgages across two- and five-year terms have been reduced by up to 19bps.

The lender has also launched new expat borrower products starting at 4.39% for two years with a 3% fee and 5.09% for five years with a 4% fee.

BTL two-year fixed eKo rates start at 3.69% with a 3% fee; five-year fixed rates at 4.27% with a 3% fee.

Five-year zero fee fixes offer rates of 5.09% for purchases/remortgages and 5.14% for remortgages with a free valuation.

New mortgage originations climbed 1.9% to reach their highest level since Q4 2022, signalling renewed market confidence.

The cuts follow just days after the society extended its Credit Revive range.

The Mortgage Lender now offers limited-edition buy-to-let products with rates starting from 3.29%.

The bank reduced buy-to-let mortgage rates by up to 40bps, with new deals starting from 2.99%.

Two-year fixed BTL rate at 75% LTV cut from 5.55% to 5.35%

£49.7 billion of fixed-rate buy-to-let mortgages will mature in the next 12 months, according to new market analysis.