Selected residential fixed rates have also been cut by up to 0.10%.

Four new limited edition five-year fixed rate buy-to-let mortgages launch at 75% LTV.

The Bank is now offering FIBA members access to its product range.

Gifted deposits remain crucial to first-time buyer purchases.

The bank is also introducing reduced buy-to-let rates for properties with an EPC rating of A, B or C.

Across its core buy-to-let range, selected fixed rates have reduced by up to 0.89% and  product transfer rates by up to 1.50%.

Five-year fixed rates have been reduced by up to 130 basis points, now starting from 5.99%.

Four new fixed rate mortgages have launched at 75% LTV.

The limited-edition standard range starts at 4.39% for a two-year fix and 4.54% for a five-year fix.

Two-year rates start from 5.39%.