The lending company has lowered its first charge BTL range from 4.99% to 4.49% – its lowest ever – while maximum remortgage and second charge loan-to-value (LTVs) have been raised from 70% to 75%.

Its five-year fixed BTL mortgage rates have also been cut from 5.49% to 4.99%, and its two-year fixed from 5.19% to 4.79%. Second charge BTL variable rates are now 5.99%, down from 6.99%.

Read more: Together makes lowest rate available for shared ownership and Right to Buy

The company said that the changes were made in response to fast-growing demand for its flexible products.

“We have spent a great deal of time getting invaluable feedback from our broker community so that we can simplify, improve and refine our award-winning products to make sure that intermediaries can provide their clients with the best outcomes,” Sundeep Patel, director of sales at Together, said.

“The BTL lending market has become increasingly competitive since the start of the year with new entrants into this space and, in introducing these changes, we want to make sure that we’re offering the right solutions for clients at the right rates.

“Our product changes will allow them to achieve their ambitions, whether that’s buying their first rental property, remortgaging to a more competitive deal, or expanding an existing portfolio.”