The buy-to-let specialist lender has also introduced an increase to its maximum loan sizes and brought back 75% LTV options within its HMO range, priced at 3.79% for a two-year fix and 3.99% for a five-year fix.

Fleet said it had also brought in free valuations for standard and limited company borrowers on properties up to £500k.

The cuts to product rates had been made as a result of increasingly positive discussions with funders and Fleet said it would continue to look at both LTV and criteria as it appraised market conditions and borrower demand, especially in light of the recent changes to stamp duty.

Steve Cox, distribution director of Fleet Mortgages, said: “Surprises are rare in the mortgage and [the] property market, but the government’s recent decision to allow landlords access to the stamp duty ‘holiday’ up until the end of March next year was definitely a pleasant one that few in the market would have anticipated.

“Landlords were already looking at the market conditions post-lockdown as an opportunity to be more acquisitive, and with this stamp duty incentive now in place, we are already seeing a growing level of demand and interest from those who want to add to portfolios and take advantage of the SDLT saving.”

He added: “We anticipate that advisers will be seeing growing interest from their landlord clients in the weeks ahead and we would urge them to review Fleet’s product range and criteria, and to contact us to talk through how we can help their clients add to their portfolios.”