Barclays is extending its Great Escape residential mortgage package to buy-to-let landlords from tomorrow.
The lender wants to encourage landlords sitting on a standard variable rate (SVR) to remortgage to a better deal.
It hopes that it will tempt landlords who have been put off from switching because of the cost.
With no application fee, free legal work and valuation, and £400 cashback to cover their existing lender's exit fee, the range allows landlord to switch without being out of pocket.
The new competitive package includes two-year fixed rate deals at 3.65% to 60% LTV and 4.15% to 75% LTV.
In addition, Barclays has extended its "Switch and Save" £200 cashback, which is now available across all buy-to-let mortgages.
Barclays has also launched two new residential mortgages aimed at homebuyers looking for larger loans.
Both are two-year fixed rates charging 1.75% to 60% LTV, on loans up to £2 million and £3 million with fees of £1,999 and £3,499 respectively.
Barclays is also making a number of cuts to its two, five and 10-year fixed rate products.
Andy Gray, managing director of mortgages for Barclays, said: "With market speculation that the base rate will remain the same for some time, landlords who may feel trapped on their existing SVR can take advantage of lower rates today without many of the upfront costs sometimes associated with remortgaging a buy-to-let property.
"Our new buy-to-let Great Escape deals are aimed at landlords who might worry it would cost them too much to move to better rates elsewhere.
"They come with no application fee, free legal work and valuation and £400 cashback to cover the cost of the exit fee for leaving their current lender.
"We estimate there are almost 200,000 landlords who could save £4,440 per year by switching from their existing lender's SVR to our two-year Great Escape at 3.65% to 60% LTV.
"We hope the improvements announced today will help stimulate the remortgage market further."
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