Landbay has restructured its buy-to-let tracker range, reducing rates on a number of key products.

Term tracker rates have been reduced by 0.86% to 4.34% on standard products, small HMOs and small MUFBs. These products are available for new build as well as older properties up to 75% LTV. 

Meanwhile Landbay has reduced rates for large HMOs and MUFBs by between 1.1% to 4.59%. It is now offering these tracker deals at 70% LTV, previously this has been limited to 75% LTV. 

All products track the Bank of England base rate and there are no early repayment charges. 

Landbay managing director Paul Brett says: “These term tracker products offer flexibility as well as competitive pricing, while offering borrowers the opportunity to remortgage to another product at any stage without penalty if they wish.”