Landbay has launched a series of new buy-to-let mortgages and has cut rates on its core range by up to 0.24%.

The specialist platform says the new loans and reductions include:

Multi-unit freehold block mortgages which are available for first-time landlords starting from 3.49%. 

This offer joins the new houses in multiple occupation products for first-time landlords it launched last week. 

The firm also debuts five-year large loans at 65% loan-to-value deals with cashback, starting at 3.24%.

And green BTL mortgages reduced by up to 0.14%, which now start at 2.99%.

Landbay managing director for intermediaries Paul Brett says: “We constantly look to revise our range to make sure that it is highly competitive across every type of specialist BTL mortgage. 

“With our new competitive green products, plus MUFB and HMO mortgages for first-time landlords, as well as an attractive standard and new build range, we believe that we have something for every landlord.” 

When Landbay launched two new HMO buy-to-let products for first-time landlords last week it said that it typically requires borrowers to have some experience as a landlord before lending on this type of property. 

However, it said it was responding to broker feedback and an increase in enquiries from first-time landlords who are looking for higher yield investments. 

These loans are available for HMOs with up to six bedrooms, including new-build properties.