The property finance company’s fixed two-year BTL rental rates have dropped by up to 0.32%, and up to 0.34% for five-year fixed products.

It has also made additional rate drops on discounted variable rate products of up to 0.24%.

Offa group chief commercial officer and managing director of home finance Sagheer Malik says: “I am proud that Offa provides a faster and better service than any other Islamic property finance provider, and even better than some conventional high street banks.”

“This is part of our mission to bring Islamic finance into the 21st century, leaving behind the onerous paperwork and cumbersome systems that many customers have typically suffered in the past.”

“We have kept our promise of dropping rates for Offa’s fast and easy Sharia-compliant BTL finance products whenever possible, as we are always focused on giving our customers a great deal.”