Yorkshire Building Society’s broker-only arm says the reductions mean selected two-year product rates fall by up to 46bps, three-year deals by up to 16bps, and five-year offers by up to 35bps. 

Highlights among the lender’s changes include: 

* Two-year fixes at 5.64% for house purchases at 60% loan to value

* Two-year fixes at 5.84% for house purchases at 75% LTV. 

* Five-year fixes at 5.24% for house purchases at 60% LTV. 

* Two-year fixes at 5.44% for house purchase at 75% LTV 

The business adds that all of these products come with a £1,995 fee, free standard valuation and £500 cashback.

Accord BTL mortgage product manager Aidan Smith says: “As a leading BTL lender, we remain committed to doing everything we possibly can to support this segment in providing both a vital service to private tenants, and an important prop for the housing market at large.”