As a result, the lender’s rates now start from 3.04% for a 2-year fixed rate standard property buy-to-let mortgage, and 3.39% for a standard 5-year fixed rate loan for individuals and limited companies.

In addition, the firm’s rates for houses in multiple occupation, multi-unit blocks, specialist new build and flats above commercial property now start at 3.39% for a 2-year fixed rate loan, and 3.59% for a 5-year fixed rate loan.

Furthermore, the lender has increased its LTV limit from 60% to 65% across its entire product range.

The new 1% product fee option for standard property starts at 3.29% for a 2-year fixed rate loan, and 3.49% for a 5-year fixed rate loan.

For specialist properties, rates start at 3.64% for a 2-year fixed rate loan, and 3.69% at 5-year fixed rate loan for the 1% fee product.

Paul Fryers, managing director at Zephyr Homeloans, said: “As one of the more competitive lenders in the UK buy-to-let market, we are delighted to offer a reduction in initial rates and an expansion of our products for landlords seeking to increase their portfolios.

“Our broad range of products now gives landlords and property investors greater flexibility through our increased loan-to-value limit and more opportunities to save as a result of even lower rates.”