57% of landlords plan to remortgage with a five-year fixed rate, down from 71% last year.

Fixed two-year BTL rates cut by up to 0.32%, and five-year fixed rates by up to 0.34%.

The five-year fixed Buy to Let rate at 75% LTV dropped from 5.72% to 5.64%.

The society’s new residential five-year fixed starts at 4.99% up to 60% LTV.

New specialist BTL products can be launched in as little as four months, according to the software provider.

Rates range from 3.49% to 5.09%, depending on fee structure.

Residential RL0 and RL1 products have seen rate reductions of up to 25bps across all LTV tiers up to 90%.

A maximum loan size of £3m applies under the updated buy to let criteria.

Yields are above 7% in the North West, North East, and East Midlands, with London at 6.1%.

The £2.5 million facility supported the transfer of eight self-contained flats into a special purpose vehicle.