Following the reductions, the lowest rate now available is 3.39% on Premier two-year fixed products.

The new holiday let range expands Vida’s specialist BTL offering.

Foundation Home Loans has reduced two- and five-year fixed rate holiday let products by 0.10%, with five-year fixes now starting at 6.24%.

Average rental yields across England and Wales increased from 7.2% to 7.5% over the past year.

Average rental yields across England and Wales increased by 0.3% year-on-year to 7.5%.

Rates start from 6.69% for semi-commercial properties and 7.44% for commercial properties.

The Core BTL products offer a maximum term of 25 years for residential properties and standard ASTs.

The lender has recently expanded its BTL Specials range with higher loan sizes and new 80% LTV products.

A new two-year discounted BTL product has been launched at 5.79%.

The new product offers a five-year fixed rate of 6.49% with no product fee and a minimum loan size of £100,000.