Rely has cut rates by up to 25 bps across its range, including selected one-, two- and five-year fixed rate products for small landlords and two-year fixed products for medium and large landlords.

The reductions apply to both single family let and complex property products, giving brokers access to a wider range of competitively priced solutions for landlord clients.

Rates now start at 3.83% on a one-year fix at 75% LTV with a 3% fee, and 3.51% and 4.68% on a two- and five-year fix respectively at 55% LTV with a 5% fee.

Glenhawk has completed a £2.1m loan help a client complete their barn conversion project.

The client was mid-development of a four-unit barn conversion project in Northumberland, but they needed more time to finish, market and sell the units.

The loan, at 70% LTGDV, provided a day one net loan sufficient to repay the existing development lender, plus a drawdown facility of £611,000 to finish the two unfinished barns.

Accord Mortgages has reduced rates on its buy-to-let range for landlords with smaller deposits.

Changes apply to all fixes at 80% LTV, with reduce by 0.10% across the board, with products coming with a £995 fee and standard valuation.

As a result, a five-year remortgage fix starts from 5.57% with remortgage legal service, while its two-year house purchase fix is available from 5.81%. Its five-year fix for landlords purchasing a property is available at 5.50%.

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