Alongside the rate reductions, the lender has also announced the launch of a new two-year, fixed-rate product for Professional borrowers.

The specialist lender has also launched a new limited edition buy-to-let product on a 5-year fixed term of up to 65% LTV.

According to the lender, the new product has been launched to help property investors ride out a period of uncertainty in the market.

The lender has also announced a series of rate cuts across its existing five-year fixes

New rates include 2-year fixed from 4.55% and 5-year fixed from 5.06%

The changes improve on the previous maximum allowance of four storeys

The lender has also widened its acceptable criteria on buy-to-let properties

Rates now start at 4.24% at 75% LTV with a 6% fee

Rates to start from 2.87% following the cuts which come amid a number of criteria enhancements.

The lender's latest product launch follows significant broker demand.