The Cambridge Building Society (BS) has launched three buy-to-let (BTL) mortgage products for UK expatriates living abroad and looking to buy a property in England and Wales.

The lender is offering a two-year fixed rate and a two-year discounted mortgage at 3.64% each, as well as a five-year fixed rate mortgage at 3.84%.

Completion fees across the fixed rate products are set at £1,999. There is no completion fee on the two-year discounted product and all products are offered without application fees.

“These products offer competitive rates, and increased choice, as well as the opportunity to add completion fees to the loan. And as we assess all applications on a case-by-case basis, we can offer as much flexibility as possible,” said Cambridge BS product manager, Dan Barker.

The products are aimed at “experienced landlords” with a maximum of three mortgaged rental properties.

Loans can be between £20,000 and £750,000, with an LTV of up to 75%. They are available for purchases and remortgages, as well as product transfers and further advances.

Loans for holiday rentals are available up to £500,000.