Godiva Mortgages has reduced the pay rate on its two-year buy-to-let base rate tracker by 0.50%.

Previously the product was available at +3.85% above base for two years, and has now been cut to +3.35%.

The Coventry’s specialist brand is offering this deal to up a maximum of 60% loan to value, with fees at £1,050. Legal work those remortgaging and a valuation up to £680 are included.