The lender is also reducing its existing portfolio rental calculation stress rate.

Reductions also cover holiday let and HMO products.

The Society will accept first-time landlords, including expats.

Sam previously spent almost 12 years as a buy-to-let mortgage underwriter at Paragon Banking Group.

Two-year fixed rates have launched from 5.20%.

The change will increase the volume of lending that can be provided to borrowers.

The lender has also released new F1 standard buy-to-let products.

The product is designed to give investors and developers increased flexibility in the short-term.

Steve Cox, chief commercial officer at Fleet Mortgages, explores why he thinks the buy-to-let sector will be driven by the 'fundamentals', not the Spring Budget, in 2024.

Chetwood is preparing to launch ModaMortgages, a new specialist buy-to-let mortgage lender.