Masthaven Secured Loans has made “significant” rate reductions across its second charge range.

Products now start at 9.95% and 10.95% for Buy to Let.

The lender said the move reflected its “rapid and sturdy growth” over the past 12 months.

Paul Brett, sales director of Masthaven Secured Loans, said: “We are continually reviewing our product pricing and criteria, in addition to offering market leading service standards.

“We have many more enhancements and new products to come and will feed these through as the market expands.”

He added: “We welcome the fact that the industry is becoming more dynamic and competitive every day, which is great for brokers and ultimately the customer.”