The products, which will be launched on March 10, are a 2-year fixed rate and a 2-year discounted mortgage at 3.64%, and a 5-year fixed rate mortgage at 3.84%.

All are offered without application fees, and there is no completion fee on the two-year discounted product. Completion fees on the fixed rate products cost £1,999.

“These products offer competitive rates, and increased choice, as well as the opportunity to add completion fees to the loan. And as we assess all applications on a case-by-case basis, we can offer as much flexibility as possible,” Dan Barker, product manager at Cambridge Building Society, said.

Read more: The Cambridge cuts rates and fees.

The building society said the products are made available for experienced landlords who have a maximum of three mortgaged rental properties and who are not deemed portfolio landlords.

Loans can be considered up to 75% loan to value, between £20,000 and £750,000 and are available for purchases, remortgages, product switches, and further advances.

Holiday lets are available up to £500,000, including Airbnb properties, and for borrowers who occupy the property for up to a maximum of 90 days a year.