The new buy-to-let and holiday let products are available for purchase, remortgaging and capital raising.

The rate cuts cover HMOs, holiday lets, and short-term lets.

The lender has reduced HMO and holiday let rates as part of the changes.

Rates are reducing by up to 0.20%.

Reductions apply across the lender's portfolio, expat, holiday let, and HMO products.

Rates have reduced by up to 0.25%.

Rates have reduced by up to 30bps.

Ashley Pearson, head of intermediaries at Loughborough Building Society, explains why holiday lets can be a viable and profitable investment throughout the year.

Moneyfactscompare says the rise in choice is promising, but other challenges lay ahead for holiday let landlords. 

Rates on the new fee-free furnished holiday let mortgages start from 5.35%.