Landbay has cut rates across its range of two-year fixed-rate landlord products by as much as 50 basis points.  

The specialist buy-to-let lender’s two-year fixes now start at 4.19%, and includes reductions on its like-for-like range.   

It says these products are suitable for landlords looking to remortgage with no changes to their borrowing requirements, and are stress tested at pay rate plus 1%, instead of the standard calculation of pay rate plus 2%.  

Also, the firm has launched a standard two-year fixed rate product, available at 75% loan to value, with a 6% fee.  

Product highlights include:     

• Standard two-year fixes at 55% LTV at 4.19%, with a 7% fee, down from 4.69%  
• New standard two-year fixes at 75% LTV at 5.09%, with a 6% fee  
• Small house in multiple occupation two-year fixes at 75% LTV at 5.19%, with a 6% fee, down from 5.39%         
• Small multi-unit freehold blocks two-year fixes at 75% at 5.19%, with a 6% fee, down from 5.39%  
• Like-for-like remortgage standard two-year fixes at 75% LTV (Gross) at 4.49%, with a 7% fee, down from 4.79%  

Landbay business development director Rob Stanton says: “Our most recent survey has shown that shorter fixes are increasing in popularity, as landlords weigh up their options in the current market.   

“Our aim is to give our brokers partners more tools at their disposal to meet the requirements of their clients.   

“As remortgage remains a key driver for business, I’m sure the news of rate reductions, in addition to a softer stress test will be very welcome.”