Quantum Mortgages has cut rates across its entire two-, five- and seven-year fixes by up to 110 basis points.  

The buy-to-let lender says its reductions run across its single-unit deals up to 80% loan to value, its multi-unit, houses in multiple occupation and holiday let ranges up to 75% LTV.   

The cuts also cover its expat and foreign national offers up to 75% LTV, its specialist loans up to 70% LTV and its QML Pro range up to 65% LTV.  

The firm adds that its product reductions, for purchases and remortgages, range from 40bps to 110bps.   

Quantum Mortgages director of distribution & marketing Spencer Gale says: “Experienced and professional landlords are still seeking opportunities to enhance their portfolio to achieve their desired yields and margins, despite the Bank of England rate rise for the 14th consecutive time [by 25bps] to 5.25% last week.   

“With the money markets remaining stable after the most recent rise, it seemed appropriate to review our pricing strategy and pass on the reductions to landlords.   

“With QML also broadening its product range last week with the addition of QML Pro, these changes as we approach the busiest months of the year, should enable landlords to extract maximum value from their portfolio in remortgaging and enhancing it through their purchases.”