Landbay has cut rates on two- and five-year fixed-rate buy-to-let products by 30 basis points, while Accord Mortgages also reduces landlord offers by up to 30bps. 

Landbay says its two-year standard fixed-rate mortgages now start from 4.39% and two-year like-for-like remortgage products begin at 4.49%.  

Product highlights include: 

• Standard five-year fixed-rate 75% loan to value deals start from 5.05%  
• Like-for-like standard remortgage two-year fixed-rate 70% LTV offers start from 4.59%  
• Small houses in multiple occupation/multi-unit freehold blocks two-year fixed-rate 75% LTV products start from 4.69%  
• Small houses in multiple occupation/multi-unit freehold blocks five-year fixed-rate 75% LTV loans start from 5.59% 

Landbay business development director Rob Stanton says: “The money markets are continuing to see swap rates fall, enabling us to lower our rates accordingly. 

“We are hopeful that the Bank of England will hold steady on base rate with no more increases as inflation continues towards its 2% target.  

“That should mean swap rates will also remain lower and therefore we will be able to drop our rates again in the coming months.” 

Meanwhile, Accord will reduce selected products across its landlord ranges by as much as 30bps on two-year fixes, up to 25bps on five-year fixes and 15bps on three-year products.  

These changes come to market at 8am on Friday (10 November), as its current range is withdrawn at 10pm tonight (9 November). 

Accord’s reductions cover: 

• Two-year fixes at 5.24% (from 5.54%) at 60% LTV, suitable for house purchase, with a £1,995 fee, free standard valuation and £500 cashback 
• Five-year fixes at 5.29% (from 5.54%) at 75% LTV, for remortgaging, with a £995 fee, free standard valuation and free remortgage legal service 
• Five-year fixes at 4.99% (from 5.24%) at 60% LTV, for remortgage clients, with a £995 fee, free standard valuation and free remortgage legal service 

Accord BTL mortgage manager Aidan Smith says: “We pride ourselves on our support for landlords, ensuring our products remain as competitive as possible for them in a fast-changing environment, and this is the latest example of this.”