Landbay says it has cut selected rates across its buy-to-let mortgage range and added new build homes to its green loans portfolio.

The buy-to-let lending platform has cut rates from 0.14% to 0.29%, with its lowest rate now set at 2.65% for a two-year fix at 65% loan-to-value, down from 2.85%.

Highlights of the product refresh include a standard five-year fixed rate at 75% LTV reduced to 3.04%, with free valuation options, down from 3.24%.

The firm says these cuts also apply to more specialist customers, such as small portfolio landlords and trading limited companies.

Meanwhile, the lender has extended its green loans to new build properties, with an energy performance certificate rating from A to C.

The firm adds its entire green range has been cut by 10 basis points.

Highlights include a five-year fix at 75% LTV for a property rated EPC A, B, or C is now 2.94%, reduced from 3.14% for an A/B rated property and 3.19% for a C rating.

It adds 75% LTV houses in multiple occupation and multi-unit freehold blocks loans, including new build properties, have also been cut to 3.34% from 3.59%.

Landbay managing director, intermediaries Paul Brett says: “Despite the Bank of England raising the base rate by 0.15% in December, we are in a position where we are able to lower rates.

“We have access to strong funding lines and our funding partners are keen to support our competitive product position, which we intend to maintain. 

“Last year we expanded our product range even further by making significant inroads into helping small portfolio landlords, HMO landlords and those aiming to be environmentally friendly.

“We have been blown away by the interest and take-up of our green range as more property investors are realising the importance of making their property energy efficient.

“Around one in 10 of our loans are for new build property so it makes perfect sense to extend our green mortgage to this cohort of landlords.”