Landbay has cut its landlord rates by up to 20 basis points starting at 4.09%, while Keystone Property Finance offers sub-5% investor loans after reducing its standard and specialist two-year fixes by 15bps.  

Landbay says it has made more than 80 changes to its loans, including reductions to its two-year fixed-rate range for standard properties and two- and five-year fixed rates for small houses in multiple occupation and multi-unit freehold blocks.  

It adds its two-year like-for-like remortgage products, for landlords with no change to their borrowing requirements, have been lowered by up to 20bps — with the interest cover ratio stress test set at payrate plus 1%, instead of the standard payrate plus 2%

Highlights of its two- and five-year fixed products include:  

Standard two-year fixes 55% loan to value starting from 4.09%  

Small houses in multiple occupation/multi-unit freehold block two-year fixes 65% LTV starting from 4.64%  

Small houses in multiple occupation/multi-unit freehold block five-year fixes 55% LTV starting from 5.99%  

Like-for-like standard two-year fixed-rate remortgage products cover:  

65% LTV starting from 4.64%  

70% LTV starting from 4.34  

Landbay business development director Rob Stanton says: “As swap rates continue to fall we have once again been able to reduce rates across our product portfolio. We are in the fortunate position to be able to make these changes quickly.”  

Meanwhile, Keystone says its range of loans for standard properties, and its specialist range, for houses in multiple occupation and multi-units, now start at 4.94% at 65% LTV and 5.09% at 75% LTV.  

Keystone Property Finance managing director Elise Coole says: “To be able to offer sub-5% rates is fantastic and will help even more borrowers achieve the leverage they want.  

“We have been very active in refining our product offering over the past few months and have been quick to reduce our rates as soon as funding conditions have allowed.’