Landbay has added five product transfer options to its summer special range and enhanced rates.

The product transfer options are available at up to 75% loan-to-value (LTV), with rates across both two-year and five-year fixed rate products starting at 4.29%.

The lender has also made rate reductions of up to 0.10% across both Summer Special two-year and five-year fixed rate products, available at up to 75% LTV.

Rates now start at 4.29% with products suitable for standard properties and for loan sizes of between £30,000 and £2m.

The entire range is exclusive to limited companies (SPVs), with the lender’s variable fee structure available.

The new Summer Special products include: • Product Transfer Standard 5 year fixed – up to 75% LTV 5% fee @ 4.29% • Product Transfer Standard 5 year fixed – up to 75% LTV 2% fee @ 4.89% • Product Transfer Standard 2 year fixed – up to 75% LTV 3% fee @ 4.29% • Product Transfer Standard 2 year fixed – up to 75% LTV 2% fee @ 4.79%

Landbay sales and distribution director Rob Stanton says: “Since launch, our product transfer proposition has proven incredibly popular among landlords looking for an efficient and cost-effective way to refinance.”

“Now, we bring these fantastic options to our new Summer Special range and strengthen what is already a competitive and hugely attractive suite of products. Adding in a rate reduction further sweetens the deal and reflects our commitment to jump on opportunities as soon as they present themselves.”

Meanwhile, TSB has lowered rates by as much as 0.20% to its residential range.

Within the lender’s residential range, three-year fixed remortgage rates have been cut up by to 0.20%.

In addition, two- and five-year fixed remortgages 75% to 90% LTV rates have been reduced by up to 0.20%.

TSB has also cut its five-year fixed house purchase 75% to 95% LTV rates have gone down by 0.05%.

The two-year fixed remortgage 60% to 75% LTV rates with no fee have been reduced by 0.05%.