Rely, part of OSB Group, has added a new limited edition product range for landlords with 11 or more properties.

The products offer rates up to 40 basis points lower than comparable products in the standard range and can be withdrawn at any time.

They are available on two- and five-year fixed rate options with a 5% fee at 75% loan-to-value (LTV).

Alongside the new range, Rely has added new low LTV products for any portfolio landlords with four or more mortgaged properties.

The products are available at 60% and 65% LTV, with discounts of up to 15bps against current equivalent standard products, on two- and five-year fixed rate options.

Elsewhere, West One has reduced rates across its entire range of fixed-rate commercial mortgage products by 75 basis points.

The cuts mean semi-commercial fixed rates start from 7.34%, while commercial fixed rates now start from 7.94%.

West One regional director Duncan Abraham says: “Commercial borrowers are continuing to navigate a challenging and uncertain rate environment, so we want to make sure brokers have access to competitive options for their clients. Reducing our fixed rates by 75 basis points across our commercial range gives brokers more flexibility when structuring cases.”