Fixed rates have reduced by up to 0.24%.

April saw over 100,000 searches conducted on Knowledge Bank for the first time this year. 

Two and five-year fixed rates have reduced by up to 0.27%.

The offering is available through mortgage brokers and is designed to help UK expats purchase buy-to-let properties.

Expat buy-to-let products have seen the largest reductions.

Expats and borrowers securing loans over £1 million can secure a 0.25% discount.

The update follows a number of changes to the Society’s expat residential criteria.

Rates on two-year fixed rate 80% LTV expat residential products are also trimmed.

The Society has launched new three-year fixed rates.

Income multiples have increased from 4.5x to 5.5x as part of the updated criteria.