Zephyr’s new rates for its 5-year fixed rate, standard property BTL mortgage products start at 3.04%, with rates reduced by up to 0.25%.

Its 2-year fixed rate, standard BTL mortgage products now start at 2.84%.

The lender’s rates for specialist new builds, flats above commercial property, houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFBs) now start at 3.43% for a 5-year, fixed-rate loan.

Paul Fryers, managing director at Zephyr Homeloans, said: “Our broad range of products offer several, flexible options to fit the individual needs for landlords and property investors.

“Reducing the rates across a majority of Zephyr’s mortgage products reinforces our position as one of the more competitive lenders in the UK buy-to-let market.”