BM Solutions has cut the rates on its three and five-year fixed rate products.

Key changes include:

Three-year fixed rate buy-to-let products:

• 0-60% LTV three-year fixed rate buy-to-let products have been reduced by 0.4 percentage points with rates from 2.99% (£995 fee). Offer includes £250 cashback.

Five-year fixed rate buy-to-let products:

• 0-60% LTV five-year fixed rate buy-to-let products have been reduced by 0.2 percentage points with rates from 3.39% (£1,495 fee). Offer includes £250 cashback.

Phil Rickards, head of BM Solutions, said: “The outlook for buy-to-let is positive, with strong rental demand in the first half of the year matched by relatively low levels of rental arrears and voids.

“As such BM Solutions has made these rate reductions to provide further support to those landlords now looking to take out a buy-to-let mortgage quickly and cost-effectively.”