Fewer landlords intend to make changes if it is not a legal requirement.

MFS will broaden the buy-to-let offering available to SimplyBiz members.

The new range covers large HMO properties, holiday lets, large portfolios and large loans.

The lender is offering a range of sub-5% rates following the latest reductions.

Two-year fixed standard and like-for-like products now start from 4.39%.

Existing buy-to-let rates have reduced by up to 30bps.

Rates have reduced across the lender's core product ranges, including remortgage-only, professionals and key worker products.

Buy-to-let rates now start from 5.34%.

Rate reductions apply across the lender's specialist, Switch & Fix and expat and holiday lets product ranges.

The lender has also launched a new two-year fixed rate.