The lender has reduced rates for its corporate BTL five-year fix by 91 basis points, which is available to clients borrowing up to 65% LTV.

Landlords will now benefit from a fixed rate of 4.99%, down from 5.90%.

Clients borrowing up to 75% LTV on a five-year fix, meanwhile, will have access to a reduced rate of 5.35%, down from 6.25%.

YBS’ HMO and holiday let products are also included in the changes, with rate cuts of 90 basis points.

Rates on its HMO offering now stand at 5.50% compared to 6.40%, while its holiday let product is available at 5.55%, down from 6.45%.

Both are available up to 75% LTV. 

All products are available on loans of up to £15m, with arrangement fees of 2% of the total value.

Finally, the rate for YBS’ fixed-rate semi-commercial product – designed specifically for mixed-use assets, has come down from 6.79% to 6.25%.

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The product is available on loans of up to £5m to 70% LTV.

Mike Davies, head of business development at YBS, said: “We recognise the challenges landlords have faced when it comes to making their investments affordable in the current climate.

“Now that we’re seeing changes in swap rates and better stability in the market, and having listened to feedback from our broker partners, we’re really pleased to be able to respond to this and reduce rates across our buy-to-let range.

“Including specialist products in these changes, like HMO and holiday lets, will maintain their competitiveness and help us to continue to serve the market in these much-needed areas.

“Reducing rates on our semi-commercial product helps us to support investors who rely on diversified income streams, and hopefully helps maintain the variety of options and good value which property investors need now more than ever.”