The offering is now at 2.75%, down from 2.99%, at 75% LTV.

The society has also reduced the product’s mortgage application fee from £1500 to £950 for both purchase and remortgage.

Roger Knight, lending manager at Newbury Building Society, said: “Following various changes to tax regulations, there has been a noticeable shift in professional landlords choosing to set-up limited companies to take advantage of the corporate tax benefits.

“We hope the improved pricing as well as our flexible approach to lending will give brokers the right tools to support clients in achieving their objectives.”