Buy-to-let lender, Landbay, has announced a series of rate reductions across its Core buy-to-let range, with cuts of up to 0.20%.

The reductions apply across 19 of its 75% LTV two- and five-year fixed-rate products covering both Landbay’s standard Core and Core AVM options and offering brokers a choice of variable fee structures.

Rates across six two-year fixed-rate products have been reduced by 0.20%, while 13 five-year fixed-rate products have been cut by 0.10%. Following the changes, selected 75% LTV product highlights include:

Core and Core AVM two-year fixes at 4.09%, with a 5% fee.

Core and Core AVM two-year fixes at 5.59%, with a 2% fee.

Core and Core AVM five-year fixes at 4.94%, with a 6% fee.

Core and Core AVM five-year fixes at 5.74%, with a 2% fee.

The Core range is available for lending on standard properties for individuals, limited companies and LLPs. It is available to landlords with portfolios of any size and also offers AVM options.

Commenting, Landbay sales and distribution director Rob Stanton said: “Where market conditions give us the opportunity to improve our pricing, we want to act quickly and pass that on to brokers and their landlord clients. These latest reductions strengthen our Core range across both two- and five-year fixed rates, giving advisers access to more competitive options at 75% LTV.”

He added: “The combination of standard and AVM products, alongside a choice of fee structures, means brokers can consider different options depending on the priorities of each landlord client.”