Many of the rates now start below 5%.
Related topic: Buy-to-let
The Mortgage Works is reducing rates across its new business and switcher range.
The product caters for unusual and complex property types as well as a wide range of borrowers.
The biggest reduction has been made to its two-year fixed rate W1 product which now starts from 4.74%.
Rates have reduced across the lender's limited company, HMO/MUFB and refurbishment ranges.
Rates have reduced by up to 0.20%.
Accord Mortgages has announced it is making positive changes to its BTL range.
Rates have reduced by up to 0.50% and now start from 4.49%.
The largest reductions are to three-year products at 60% LTV.
The products are available up to 80% LTV and offer a range of fee options.