The Society has also expanded its buy-to-let range with new expat, holiday let and credit assist products.

The latest round of rate cuts marks the tenth reduction in four months.

51% of remortgaging landlords have reported that they would take a five-year fixed rate.

Rates are reducing by up to 39bps.

The average product fee stands above £1,000.

The transaction increases LendInvest's total Funds under Management to £4.2 billion.

Fleet says landlord borrowers are looking at flexible, shorter-term products.

The Society will now accept between 50% and 100% of benefits income received.

Rates have reduced across the lender's F1 and F2 product ranges.

Rates have reduced by up to 0.15%.