Two and five-year fixed rates have reduced by up to 0.27%.

The offering is available through mortgage brokers and is designed to help UK expats purchase buy-to-let properties.

Expat buy-to-let products have seen the largest reductions.

Expats and borrowers securing loans over £1 million can secure a 0.25% discount.

The update follows a number of changes to the Society’s expat residential criteria.

Rates on two-year fixed rate 80% LTV expat residential products are also trimmed.

The Society has launched new three-year fixed rates.

Income multiples have increased from 4.5x to 5.5x as part of the updated criteria.

Rates have reduced by up to 24bps.

RAW Capital Partners has also refreshed its wider range of products.