Landbay has made rate reductions of up to 0.20% across its buy-to-let (BTL) product range while Coventry for intermediaries has made product changes to its residential and BTL ranges.

Landbay’s biggest reductions have been made on standard two-year fixed rate products, with rates now starting at 3.59% at up to 75% loan-to-value (LTV).

The 0.20% reduction also includes the automated valuation model (AVM)-supported range of standard two-year fixed rate products.

Meanwhile, standard five-year fixed rate products which are available at up to 55% LTV have been cut by 0.10%.

A standard AVM non-portfolio five-year fixed at 75% LTV has a rate of 5.39% with a 2% fee.

Rates have also been reduced on non-portfolio products, which are suitable for landlords with three or less mortgaged properties.

Elsewhere, Coventry for intermediaries has reduced all fixed rates in its residential for new borrowers and existing borrowers. It has also extended all end dates for both.

In the lender’s BTL and portfolio BTL product ranges, fixed rates have also been reduced for new and existing customers, with end dates also extended.

Coventry’s changes come into effect from 30 January.