Landbay has brought out new fixed rate special edition products as it celebrates a new funding partnership with a UK bank.

The buy-to-let lender is now offering two-year fixed rates from 3.09 per cent and five-year fixed rates from 3.35 per cent. All of these new products come with a 1.5 per cent product fee.

The new funding parentship is a with a deposit-taking bank which Landbay has decline to name at this point. The bank will hold mortgages originated by Landbay on its balance sheet.

It says that its new agreement and its new products show “how serious Landbay is about the specialist BTL market.”

Landbay chief executive John Goodall adds: “This new funding partnership and our contribution to the successful Canada Square securitisation earlier this month, together with the measures that we have put in place over the past three months, means that Landbay is one of the few lenders emerging from the pandemic stronger than we went in.

“We have continued to lend throughout the year, including throughout the lockdown.”