Aldermore bank has cut rates across its buy-to-let (BTL) product range by 0.20% to 0.30%.

This overhaul includes the launch of a two year fixed rate BTL product, set at 2.68% for a 75% LTV and charging a 1.50% fee.

Available with immediate effect, the changes are being brought in across 16 products.

Rate cuts of 0.20% are being introduced on two year fixed rate products, with 0.30% reductions for mortgages with five year fixed terms.

These changes are being made across Aldermore’s BTL range for both individual and company landlords with single residential properties.

The lowest rate now available on pre-existing products will be 2.98%, for both two year fixed and five year fixed rate BTL mortgages if a 1.50% fee is paid.

The bank’s head of mortgage distribution Jon Cooper says: “Landlords, no matter how big or small, play a significant role in today’s housing market so we believe it’s important to ensure our products continually meet their needs and help them realise their ambitions.”

All products are available for purchase and remortgage through Aldermore’s residential and commercial mortgage portals.