The latest reductions follow a cut in residential rates last week

Borrowers can now hold up to £10 million in buy-to-let exposure across ModaMortgages, CHL Mortgages for Intermediaries, and other lenders combined.

The society has also made several rate reductions across its residential range.

Foundation’s new five-year Limited Edition fix is available at 5.24% with a 1.75% fee.

New residential and expat products have also been included in the refresh.

Among specialist BTL lenders, 22% say holiday lets deliver the strongest margins.

The deal completed at 75% loan-to-value with a five-year fixed rate.

Five-year 75% LTV BTL HMO and MUB rates are down by as much as 0.20%.

Two-year fixes up to 75% LTV are to be reduced by 0.10%

Fixed rates start at 5.29% and 5.39%, both up to 75% LTV.