Landbay has made a series of cuts to its two-year fixed rate buy-to-let (BTL) mortgages.

For standard properties, the changes comprise the 75% LTV product being cut by 10 basis points to 4.99% and the 80% LTV product being reduced by 20 basis points, to 5.29%.

And the small houses in multiple occupation 75% LTV fix has had 30 basis points removed, taking it to 5.19%, as has the small multi-unit freehold blocks 75% LTV product, which is also now priced at 5.19%.

Landbay managing director Paul Brett says: “Our wide and diverse range of funding enables us to reduce our rates for borrowers when most rates from other lenders continue to rise.

“With the Bank of England widely expected to raise base rate again later this week, we recognise that this is a really important time for landlords and property investors to lock into a lower-cost fixed-rate deal.

“This rate reduction on our two-year fixed-rate range will enable investors to remove some of the volatility from their costs, providing an element of certainty at this crucial and uncertain time.”