Fleet Mortgages has cut rates on all of its two, five and seven-year fixes across its three core ranges: standard, limited company and HMO/MUB.

The buy-to-let specialist lender has cut rates from between 20 to 40 basis points across the range, with the two-year fix for standard and limited company borrowers now starting at 5.04% up to 75% LTV.

The five-year fix is available from 4.74% and 5.14% at 70% and 75% LTV respectively, and the green five and seven-year fixes, for properties with an A-C EPC rating are also available at 5.04% and 4.94% on the same LTVs respectively.

For HMO/MUB borrowers, the two-year fix at 75% LTV is available from 5.44%, with the five-year fixes starting at 5.14% and 5.44% up to 70% and 75% LTV respectively.

Five and seven-year green fixes for HMO/MUB products also start at 5.38% and 5.28% respectively up to 75% LTV.

All 75% LTV two, five and seven-year fixes come with a fee of 3%, with five-year 70% LTV fixes having a 5% fee. The minimum fee level for each product is £750.

Chief commercial officer at Fleet Mortgages, Steve Cox, said: “[Last year] was undoubtedly a challenging year, particularly for landlord borrowers coming to the end of their existing deals and facing a very different rate environment and a heightened affordability challenge.

“With the money markets becalmed, swap rates having continued to drop, and Fleet’s own funding options, we’re able to take all this into account and start the new year with a bang with these rate cuts.

“This should open up a wide variety of options for advisers and their landlord borrower clients – both purchasing and remortgaging – providing an easing of affordability that can get them the finance they need. The fact we also offer existing borrowers product transfers is also another reason to fully explore the Fleet product proposition.”

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