Buy-to-let fixed rates now start from 3.94% for UK residents and 7.54% for non-UK residents.

AVMs are available on a new standalone range of five-year fixed-rate products.

The reductions cover shared ownership and remortgage products.

Rates have reduced by up to 15bps.

Residential rates have reduced by up to 0.88% and now start from 5.79%.

Regulated and unregulated long and short-term products will benefit from the reductions.

The reductions cover residential, self-employed, contractor, and buy-to-let mortgages.

The Society has also expanded its residential product range.

The rental calculation is based on the property’s estimated rental income after the work has been completed.

The name change reflects the fact that commercial mortgages now make up a small proportion of the business.