Virgin Money and Clydesdale have announced they will longer offer new buy-to-let (BTL) mortgages.

Clydesdale new business BTL products were withdrawn in March, and won’t be reintroduced.

Virgin Money new business BTL products will be withdrawn on 28 April.

Any new BTL lending applications should now be sent to The Mortgage Works, the BTL lender of Nationwide.

Meanwhile, Fleet Mortgages has reduced two-year fixed rate products by as much as 20 basis points.

Rates have been cut on 75% loan-to-value (LTV) two-year fixed rate products with a 3% fee, which is available across standard, limited company and HMO/MUFB ranges.

The lender confirmed there will be no changes to tracker and five-year fixed rate product ranges.

Elsewhere, Kensington will be updating prices across its residential range with rates increasing on average by 0.10%.

In addition, Chorley Building Society has made changes to simplify its buy-to-let and holiday let range.

All BTL lending, which includes limited company, first time landlords and holiday lets, are now on the same product, with the same interest rate.

The range has been refreshed and new fixed rate mortgage products launched.

BTL fixed rates at 60% LTV star from 5.39%, BTL fixed rates at 80% LTV start from 6.29% and BTL two-year discount rates at 60% LTV start from 4.49%.

Earlier today, Principality Building Society announced it is increasing some rates by up to 23 basis points tomorrow and reducing others.