The new process reduces document requirements for loans up to 75% LTV and £2 million exposure.

Loans up to £2 million are now available at 65% LTV for residential lending

Standard five-year BTL rates start at 4.49%, with a 7% fee.

Up to 75% LTV available on buy-to-let loans assessed under AST valuations.

Rates reduced by 25bps on first and second charge BTL loans.

Free valuations introduced for single HMOs with up to six beds

Investec Bank has today announced cuts to its high net worth mortgage tracker rates for both residential and buy-to-let products.

The mortgage market has recorded a record number of remortgage searches as investors look to future-proof their portfolios ahead of regulatory shifts.

The lender is reducing all 2-year fixed rates by 20bps and 5-year rates by 5bps

The rate reductions follow new £0 and 3% product fee options introduced to the lender's limited edition buy-to-let range just over a week ago.