The changes, which take effect tomorrow, include the launch of a two-year fixed rate product at 3.48% up to 85% LTV plus a competitive two-year fixed rate at 2.99% up to 80% LTV, both with a £995 product fee.

The lender has also cut rates on its fee-free products with its two-year fixed rate available at 4.49% up to 90% LTV and a two-year fixed rate at 3.75% up to 85% LTV.

Lower down the LTV scale products launched include a two-year fixed rate at 2.28% up to 60% LTV, and a three-year fixed rate at 2.69% up to 70% LTV, both with a £995 product fee.

Its buy-to-let new products include a two-year fixed rate at 3.98% up to 75% LTV with a £995 product fee and a two-year tracker at 3.28% up to 70% LTV, also with a £995 product fee.

Fellow lender Leeds Building Society has also launched a holiday let product to appointed representatives of the Sesame network. The initial rate is 4.19% fixed until 30 September 2019 and includes a free standard valuation up to £335.

Remortgage customers also benefit from a free in-house legal service for standard re-mortgages. It is available up to 60% LTV, with a £199 booking fee and £400 arrangement fee.

Kim Rebecchi, sales and marketing director at Leeds Building Society, said:

“Holiday let provides an appealing alternative to buy-to-let, with attractive rental returns and a second home rolled in to one. “We estimate that up to two-thirds of existing holiday let landlords would refinance their current deal in order to reduce their costs and maximise their income, but choice is limited. Leeds Building Society is able to support the UK holiday market with its dedicated product range, which is suitable for new and existing holiday let landlords.”