Quantum Mortgages has announced rate cuts across its entire two, five and seven-year fixed product range, for both purchases and remortgages of between 40bps & 110bps depending on the product type.

The buy-to-let lender’s rate reductions run across its Single Unit Range up to 80% LTV, its Multi-Unit, HMO & Holiday Let Range up to 75%, its Expat & Foreign National Range up to 75% LTV, its Specialist Range up to 70% and its QML Pro Range up to 65% LTV.

Spencer Gale (pictured), Quantum’s director of distribution & marketing, said: “Experienced and professional landlords are still seeking opportunities to enhance their portfolio to achieve their desired yields and margins, despite the BOE rate rise for the 14th consecutive time to 5.25% last week.

“With the money markets remaining stable after the most recent rise, it seemed appropriate to review our pricing strategy and pass on the reductions to landlords.

“With QML also broadening its product range last week with the addition of QML Pro, these changes as we approach the busiest months of the year, should enable landlords to extract maximum value from their portfolio in remortgaging and enhancing it through their purchases.”