Related topic: Mortgage rates

The lender has also reduced the minimum income requirement to £40,000 for customers seeking to borrow at 4.5x LTI and above.

Selected first-time buyer rates are increasing by 0.11%, while others are reducing by up to 0.06%.

The change applies to UK resident standard buy-to-let products.

Keystone has also introduced a new 75% LTV product within the range.

The changes apply across the lender's range of buy-to-let purchase plans for UK residents.

The new products follow recent criteria changes at Aldermore.

The rate cuts span residential, buy-to-let and holiday let products.

Two and five-year fixed rates in its core residential range have seen the largest reductions.

The Society has also shortened the time from completion to payment of the cashback from 14 days to 5 days.

Rates have reduced by up to 0.31%.