A three-year fixed rate has been introduced to the range at 3.89% based on a notional rate of 5.25% to calculate the rental yield, also at 75% LTV. The two-year fixed has been cut from 3.99% to 3.69%.

Business development director Paul Brett (pictured) said: “By allowing the rental yield calculation of 4.39% rather than the notional rate we believe this will allow more customers to benefit from our compelling lending proposition. I believe that introducers will be delighted by these changes which will appeal to more landlords looking to lock into a longer-term product.”

The lender opened its doors in February this year with a product range aimed at amateur landlords with prime and light adverse mortgages.

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