Previously this product was available at 3.85 per cent above base for two years, and has now been reduced to +3.35 per cent.
The new product details are as follows:
+3.35 per cent base rate tracker until 30.06.12
Maximum of 60 per cent loan to value
Fees of £1,050
Legal work for remortgagors and a valuation up to £680 included
Colin Franklin, managing director of Godiva Mortgages, said: "We are delighted to launch this new buy to let base rate tracker – it is perfect for customers looking to take advantage of historically low interest rates.
"With competitive fees of £1,050 and legal work included for remortgagors, we are confident that introducers will find our new buy to let base rate tracker to be a popular choice for clients.