United Trust Bank Mortgages has reduced rates across its buy-to-let (BTL) mortgage product range by as much as 176 basis points.

The specialist lender says it is keen to attract more houses of multiple occupation (HMO), multi-use building (MUB) and holiday let business with five-year fixed rates for single dwelling AST products starting from 4.99% and HMOs/MUBs from 5.29%.

Highlights of the range include:

Standard (single dwellings on an AST) • Two-year fixed rates from 5.69% • Five-year fixed rates from 4.99%

Specialist (HMO and MUB up to 10 rooms/units) • Two-year fixed rates from 5.69% • Five-year fixed rates from 5.29%

Non-Standard (Holiday Lets) • Two-year fixed rates from 5.89% • Five-year fixed rates from 5.94%

United Trust Bank director of mortgages Buster Tolfree says: “It has been a bumpy couple of years for landlords and BTL brokers with the sector having to deal with higher interest rates, tougher EPC requirements and uncertainty created by the Renters Rights Bill.”

“However, in our experience landlords are a resilient bunch and with good quality rental property still in short supply, it’s a sector we’re committed to supporting for the long term.”

Elsewhere, Clydesdale Bank has lowered rates on products within its exclusives and professional ranges.

In the professional range, 65% to 80% LTV two- and five-year residential rates will be cut by 0.37%.

In addition, 90% LTV two- and five-year residential newly qualified professional rates will be sliced by up to 0.03%.

The lender has also reduced its two-year purchase exclusive rate by 0.05%.