The Cambridge cuts BTL rates up to 75pc LTV

The lender has also cut fees to remain competitive with the wider market.

Its 2-year fixed rate is now 3.99% with a fee of £1,499, £199 of which is payable at application stage; the 5-year fixed rate is 4.69% with a fee of 1% plus £199 payable on application; and the 2-year discounted rate is now 3.28% with the same fee structure as the 5-year fixed.

Tracy Simpson, mortgage and intermediary sales manager at The Cambridge, said: “We have completely relaunched our buy-to-let range by streamlining it to make it more attractive to mortgage intermediaries. We are always looking for ways to adapt and improve our mortgage range to ensure that we remain competitive and attractive for those wanting to do business with The Cambridge.”

All of the products now offer a free valuation for remortgages and are available direct and through intermediaries with cases in the wider East Anglia area.