Landbay has launched a new range of products for non-portfolio buy-to-let landlords.

The tech platform says the range is open to landlords with three or fewer buy-to-let homes to “cater for the increasing number of people looking to invest in properties”.

It says rates on the products start at 3.14 per cent for its two-year fixed rate and 3.44 per cent for its five-year fixed rate mortgages.

The range has a maximum 75 per cent loan to value and comes with a free valuation option for remortgages with a maximum loan size of £1m.

The specialist lender adds: “The volatility in the stock market combined with the resilience in the housing market has resulted in an increase in first-time landlords, and this trend is expected to continue in 2021.”

Landbay’s announcement comes hours before chancellor Rishi Sunak is widely expected to extend the stamp duty holiday in this afternoon’s Budget.

Landbay managing director of intermediaries Paul Brett says: “Now is a great time to invest in buy-to-let properties and demand in the buy-to-let sector is booming. Rent is increasing across the country, the stamp duty holiday is rumoured to be extended by three-months and house prices continue to rise.”

He adds: “It is no surprise to see more and more first-time landlords looking to invest, and those with one or two properties looking to increase their portfolios.”

Just under half, or 48 per cent of buy-to-let owners said they intended to buy a property in the first quarter of the year, according to a poll by Foundation Home Loans last month.

However, landlords intend to remain active in the market throughout the year, regardless of whether stamp duty relief is withdrawn, according to the survey.

It said 41 per cent of landlords intend to buy in the second quarter, 28 per cent in the third quarter, and 29 per cent in the final three months of 2021. Landlords were able to pick more than one quarter if they were unsure when they might complete, the poll explained.