The ongoing costs associated with maintaining a buy-to-let investment have increased by 18% over the last two years.

The rental market is straining under the pressure of high tenant demand which has seen rental costs spiral in recent years.

The lender has also made further rate reductions on a selection of two and five-year fixed-rate products.

Over four out of five tenants remain unaware of the Bill, its contents, and what the changes mean for them, according to new research.

The agents will now be listed on the Greater London Authority Rogue Landlord and Agent Checker database, following an investigation.

Rates on five-year fixed-rate buy-to-let mortgages start at 5.35%

New products included in the suite include two and five-year fixed rates, available to both 65% and 75% LTV.

Selected limited company rates have seen a reduction of 0.40%

The lender has also announced a rate reduction on one of its five-year mortgages following broker feedback.

The lender has announced that it has further reduced rates on its specialist buy-to-let range following a cut earlier this month.