The Nottingham has cut rates across its 75% loan-to-value buy-to-let range, in a move that targets first-time landlords, those aiming to increase their portfolio or landlords looking to remortgage.

The mutual’s 75% LTV BTL product changes in full are:

A two-year fixed-rate loan, with £999 fees (£299 upfront), at 1.55%, from 1.79%.

A five-year fixed-rate mortgage, with £1,999 fees (£299 upfront), at 1.78%, from 1.91%.

A five-year fixed-rate offer, with a £99 upfront fee (reduced from £299), at 2.00%, from 2.19%.

And a two-year discount with a £99 fee (nothing to pay upfront), at 1.65%, from 1.92%. This represents a 4.89% discount on the variable mortgage rate of 6.54%.

The firm says all the above products include a free basic valuation and free standard legal fees for remortgages.

The move comes after its broker-only arm, The Nottingham for Intermediaries, made several cuts to its fixed-rate deals and added two new discounted mortgages, last month.

The Nottingham’s head of intermediary sales Nikki Warren-Dean says: “After recently revamping our residential range we decided to take a close look at our landlord offering.

“We recognise that one size doesn’t always fit all when it comes to the right mortgage option, so are pleased to be able to announce a group of reduced rate products that we are confident offer choice and flexibility.