Rates start from 5.15%

The lender has also increased its First Time Landlord criteria of maximum loan from £350,000 to £500,000

The latest rate reductions follow similar cuts the lender made on its two-year fixed-rate products at the end of February.

Newly released data from Shawbrook has highlighted a growing number of bridging loans being used by landlords to purchase buy-to-let properties.

New research has revealed that lower energy prices or a reduced council tax rate would encourage more to take action on improving their home's energy efficiency.

Amid rising costs, landlords have been warned that their tenants could unknowingly invalidate their insurance policy by making common mistakes, worsening financial strains.

Difficult compromises surrounding smaller properties, increased financial risk, and tighter budgets should be weighed up carefully following next month's deadline.

The cuts follow the lender's launch of a new range of two-year trackers last week

The project is expected to take between 6 and 9 months to complete, with the 18-month loan term allowing ample time for this and the subsequent sale.

2025 could see mortgage approvals hit their highest annual total since 2021, according to new research by Alexander Hall.