The Nottingham has slashed rates on a number of five-year fixed rates in its limited company buy-to-let range by up to 30 basis points.

It has cut its 75% LTV five-year fix from 3.4% to 3.1% with a £999 fee.

For borrowers at the same LTV it is also offering a fee-free alternative which has come down from 3.7% to 3.4%.

At 65% LTV, it has cut its five-year fix for limited company buy-to-lets from 3.4% to 3.25% with no fee.

The lender has brought in more flexible criteria for landlords borrowing via companies.

It has increased its maximum loan size from £500,000 to £750,000.

The maximum number of bedrooms allowed has been raised from four to five and the minimum number of years’ experience for portfolio landlords has been decreased from 36 to 24 months.

The Nottingham head of intermediary sales Nikki Warren-Dean says: “As we’ve said when making rate cuts on a number of occasions over the last couple of months, having a flexible and competitively priced product range is very important.

“However, lending criteria is also important too. 

“We pride ourselves on being built around brokers and are pleased to say that these extremely positive criteria changes come partly as a result of their feedback – further evidence of great working relationships between us as a lender and the broker community.”