Fleet Mortgages has made a series of cuts to its 75% LTV five-year payrate deals.

For standard buy-to-let and limited company products, a cut of 10 basis points sees a new rate of 3.49%. Limited company products charge a 1.75% fee.

For houses in multiple occupation or multi-unit blocks, meanwhile, the payrate deal has received a 20 basis point cut, giving a new rate of 3.79%.

This latter product commands a 1.5% fee.

Fleet Mortgages chief commercial officer Steve Cox says: “Many landlords are looking to maximise the loans they can achieve and these product cuts to our five-year payrates will ensure they are even more attractive to borrowers.

“Coupled with our excellent service offering – we are currently assessing documents within 24 hours, conducting same-day DIP reviews, and delivering valuation turnaround in a day – we believe we have the very strongest buy-to-let proposition and an ability to help advisers and their landlord borrowers secure their mortgage finance quickly and painlessly.”

Last month, Fleet updated its criteria for landlords to offer “greater levels of flexibility”.