The new Large HMO products include a two-year fixed rate at 5.29% (with a 3% fee) and a five-year fixed rate at 5.99% (with a 4% fee).

The short-term let products include a two-year fixed rate at 5.19% (with a 3% fee) and a five-year fixed rate at 5.89% (with a 4% fee).

Foundation says these new products were aimed at two growing areas of the buy-to-let market, where landlord borrowers were targeting higher yields.

The lender has also made price cuts across a number of specialist and standard fixed-rates.

It has reduced its standard HMO two-year fix (with a 3% fee) by 0.25% from 5.24% to 4.99% and its five-year fix (with a 4% fee) by 0.10% from 5.79% to 5.69%.

MUFB fixes have also been lowered, the two-year fix (with a 3% fee) from 5.34% to 5.09%, and the five-year fix (with a 4% fee) from 5.89% to 5.79%.

In its standard BTL range for F1 borrowers its two-year fix (3% fee) has been trimmed to 4.89%, and its five-year fix (4% fee) to 5.59%.

Foundation has also reintroduced its F1 first-time buyer/first-time landlord product to support new landlord borrowers making their first foray into property investment.

This is a five-year fix which comes with a rate of 6.54% and has a 1.5% fee.

Foundation director of sales Grant Hendry says: “With markets continuing to ease over the past few days, we’re maintaining our ongoing commitment to cutting rates where possible, and also launching new products specifically across higher-yielding property types, such as Large HMOs and Short Term Lets.”

“Landlord borrowers continue to seek product options for these types of properties as they look for improved yield, so we’re pleased to be able to offer both two- and five-year fixed-rate options.”

“At the same time, we’re able to introduce our product specifically for new landlords who are just starting out on their investment journey and who don’t own a property.”