The North East has performed particularly well achieving a double-digit yield in the second quarter of this year.

The nationwide survey revealed significant concerns over proposed rent controls, property taxes, and regulatory changes.

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.

Potential policies being floated by the major parties include tax relief for selling to existing tenants, an extension of ‘Awaab’s Law’, and stricter EPC demands.

Rents have grown by 6.7% % in the year to June as the summer surge begins.

Tenants in situ present several opportunities for buy-to-let investors

Following the reductions, rates on selected products will start at 4.99%

83% of landlords said they’d be inclined to vote for a party that reinstated tax relief for landlords.

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