Non-bank lender ICS Mortgages is cutting the interest rates it charges on its Buy-to-Let variable mortgages.
The reduction will see the rates fall by 0.15% from August 1, bringing the two rates down to 7.05% and 7.10% respectively.
ICS says it will continue to monitor the rates.
The company says the move reflects its commitment to support landlords and property investors with competitive mortgage options.
"Lowering the Buy-to-Let variable rate helps us support property investors and landlords in providing essential services," said Ray McMahon, chief commercial officer at ICS Mortgages.
"ICS Mortgages continues to offer outstanding service and flexible features and today's announcement of a variable rate cut is in addition to our recent owner occupier rate reductions underscoring our continuous efforts to provide flexible mortgage products."
Last month Dilosk, which owns ICS Mortgages, said it was reducing owner-occupier variable mortgage rates by up to 0.26% from July 1.
The move followed the cut in rates by the European Central Bank.
It also recently raised €200m in its ninth public bond issuance and acquired €400m worth of mortgages from the departing Ulster Bank.
Competition in the Irish mortgage market has intensified recently, driven by new entrants and the easing of ECB rates.
