Landbay has cut rates across its fixed-rate products range by up to 0.20%.

The biggest reductions have been made to its non-portfolio products, with cuts of 0.20% applied to both two-year and five-year fixed rate products, available at up to 70% and 75% loan-to-value (LTV).

This also includes the lender’s automated valuation model (AVM)-supported range of standard and non-portfolio products, available with either a two-year or five-year fixed rate at up to 75% LTV.

Landbay has also reduced rates by 0.15% on its 55% LTV, two-year and five-year fixed rate products, including those for non-portfolio landlords.

Products can be found on the lender’s BTL affordability calculator.

Leading products include: • Standard AVM and Standard 2-year fixed 75% LTV @ 3.79% – 6% fee • Standard AVM and Standard 2-year fixed 75% LTV @ 5.79% – 2% fee • Non-portfolio and AVM non-portfolio standard 5-year fixed 75% LTV @ 4.59% – 6% fee • Non-portfolio and AVM non-portfolio standard 5-year fixed 75% LTV @ 5.39% – 2% fee

Landbay sales and distribution director Rob Stanton says: “It’s great to be a position once again where we are moving in the opposite direction to much of the market and bringing forward rate reductions.”

“These are not on niche products either, but across our fixed rate range, including standard products, support for smaller landlords and through our innovative range of AVM products. These have proven incredibly popular thanks to the efficiencies and cost savings they can offer.”