The deals are available to both individual landlord and limited company borrowers, and are within the lender’s ‘F1’ range, meaning they are for borrowers with an almost clean credit history.

On its 65% loan-to-value (LTV) product the rate has been reduced from 3.39% to 3.24%, while at 75% LTV the rate has dropped from 3.59% to 3.49%. Both deals come with a 2% fee.

In addition, the rate on its large loan, five-year 65% LTV buy-to-let product ‒ which comes with a minimum loan size of £500,000 ‒ is being reduced from 3.29% to 3.14%.

The rate cuts follow the lender’s move to return to offering 80% LTV products last month.

Jeff Knight, director of marketing at Foundation, said that pent-up demand from landlords post-lockdown had now evolved further, as a result of their access to the Stamp Duty holiday.

He continued: “These three specific five-year products were already some of our ‘best sellers’ and we are very pleased to be able to reduce rates further in order to support the landlord community, particularly those who utilise limited companies in order to house their portfolio properties.

“We are seeing encouraging signs from the market, and as a lender we remain committed to helping as many landlords as possible to make the most of the opportunities that are currently available.”