For standard and limited company borrowers, rates now start at 5.49% for 65% LTV five-year fixes and 5.59% for 75% LTV, with a seven-year fix available at 5.63%.

The five-year fixed rate green mortgage product for properties with an EPC rating of C or above is available at 5.49% at 75%.

For HMOs and multi-unit block products, five-year fixes are priced at 5.63% at 65% LTV and 5.73% for 75% LTV, with the 75% LTV five-year fixed green product now priced at 5.63% and the 75% seven-year fix now available at 5.73%.

•   What does the specialist finance industry need in 2023 and beyond?
•   Rental yields drop to 5.4% in Q3
•   Fleet Mortgages cuts rates for five- and seven-year fixes

Steve Cox, CCO at Fleet Mortgages, commented: “No sooner had we announced our range of fixed-rate price cuts last week, that we have seen a further calming of money markets, allowing us to shift our pricing by an extra 20 basis points right across the board.

“This will provide further competitive product options for advisers seeking either purchase or remortgage finance to landlord borrowers.

“We also remain focused on delivering service excellence, and we are currently taking four working days to assess documents, carrying out same-day DIP reviews, and providing valuation turnarounds within four working days.

“As always, we will continue to marry up a competitive range with our service and are here to provide support to all advisers working on behalf of their BTL clients."