The East Midlands-based lender is now offering a two-year buy-to-let variable rate of 2.99% and a three-year buy-to-let variable rate of 3.59%. Both products are also available for remortgaging and have a £499 fee.

Chris Parker, head of intermediary sales at The Nottingham, said: “These mortgages are a great proposition for customers, whether looking to add to a property portfolio, venture into the world of buy-to-let for the first time or to remortgage an existing property.”

Last month Barclays announced it was cutting rates by extending its Great Escape packages to the buy-to-let market.