Landbay has kicked off the new year with a rate reduction across its entire standard five-year fixed rate product range, with rates falling by as much as 0.46%.

The buy to let lender’s product range now starts at 4.39%, with up 55%, 65% and 75% loan-to-values (LTVS) available.

It is available using Landbay’s variable fee structure, which ranges from 3% to 6% for increased affordability.

The lender has also confirmed that all five-year products are stressed at payrate, with a maximum loan size of £2m – depending on the loan-to-value. Meanwhile, fixed-fee products remain available for lower loan sizes.

Product highlights include:

• Standard five-year fixed rate 75% LTV @ 4.49% with 6% fee (was 4.89%)
• Standard five-year fixed rate 75% LTV @ 5.09% with 3% fee (was 5.49%)
• Standard five-year fixed rate 55% LTV @ 4.39% with 6% fee (was 4.85%)
• Standard five-year fixed rate 55% LTV @ 4.99% with 3% fee (was 5.45%)

Landbay sales and distribution director Rob Stanton comments: “In truth, we start the year as we mean to go on – identifying opportunities in the market to make our range as competitive as possible for our broker partners and their landlord clients.

“As landlords continue to navigate the market, it’s really important that we offer a diverse range of products to suit landlords of all sizes and appetites. Our research suggests that five-year products remain a key choice for landlords moving forward, both in terms of affordability and in certainty of costs.”

He adds: “We continue to streamline our variable fee structure to keep this important mechanism available for both landlords and brokers, all while reflecting the lower rates we are now working with.”