HSBC UK has announced improvements to its buy-to-let (BTL) mortgage range.

The changes, available through brokers, include an increase to the maximum loan-to-value (LTV) to 80% for loans of up to £400k with the new range including rates at 5.00% on a five-year fixed rate with £1,999 fee.

HSBC UK will also cut rates on residential mortgages across all LTVs and different buyer types from tomorrow.

The residential mortgage range will have reductions of up to 0.20% on two-year fixed rate mortgages, and 0.17% on five-year fixed rates.

The rate cuts include the 90% LTV two-year fixed rate, with £999 product fee, for home purchase and first-time buyers reduced by 0.14% to 4.85%, with the fee saver equivalent reduced by 0.20% to 5.12%.

Both deals come with £250 cashback as standard.

The two-year fixed rate range for premier customers who are looking to remortgage now begins at 4.11% for 60% LTV and comes with a fee of £999 fee.

HSBC UK head of mortgages Oli O’Donoghue says: “There is still strong demand in the Buy To Let market, and by increasing the maximum LTV on our range up to 80% LTV we are making purchasing a BTL property more accessible to people and providing greater flexibility, enabling a reduced deposit and increasing the borrowing power of the applicant.”

Elsewhere, YBS Commercial Mortgages has reduced rates by 0.10% across its BTL product range.

The reductions mean landlords that want to borrow less than £1m can access a five-year fix at 5.30%, down from 5.40%, up to 65% LTV with a 2% fee, while those who want to borrow more than £1m have access to a five-year fix at 5.15%, down from 5.25%, up to 65% LTV with a 2% fee.

The commercial lender has also applied reductions to its specialist BTL offering, with a discount of 0.10% on holiday let and housing of multiple occupation (HMO) products.

Landlords will have access to a five-year fixed rate of 5.60%, down from 5.70%, on loans of up to £1.5m per unit, up to 75% LTV, which comes with a 2% fee.

For landlords looking for a product to fund a HMO purchase, there is a five-year fix priced at 5.65%, down from 5.75% on loans over £500,000, up to 65% LTV, which also comes with a 2% fee.

YBS Commercial Mortgages interim managing director Angela Norman comments: “Despite recent increases in swap rates, we’re pleased to improve the competitiveness of our buy-to-let range, offering better value for landlords and investors.”

“Reducing rates right across our buy-to-let range demonstrates our continued commitment, as a strong, stable lending partner, to supporting brokers and their landlord clients, including with their specialist lending needs.”