Landbay has cut rates on the majority of its limited edition range of five-year fixed-rate buy-to-let remortgages and now offers £500 in cashback on completion.

The specialist lender says rates on four of the five products in the range have been reduced by five basis points, while the minimum loan value has fallen to £200,000 from £250,000. 

Loan-to-values are set at 65% or 75% with a free valuation option on standard remortgage products. The range also caters for houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB) of up to six bedrooms or units.

The refreshed limited edition range is as follows:

• A standard five-year fixed-rate loan at 65% LTV remains at 2.94%, with a 1.5% fee
• A standard five-year fixed-rate offer at 75% LTV is 3.04%, from 3.09%, with a 1.5% fee
• A standard five-year fixed-rate mortgage at 75% LTV is 3.04%, from 3.09%, with a 1.75% fee and a free valuation
• A small HMO five-year fixed-rate loan at 75% LTV is 3.29%, from 3.34%, with a 1.5% fee
• And a small MUFB five-year fixed-rate offer at 75% LTV is 3.29%, from 3.34%, with a 1.5% fee

Landbay managing director, intermediaries Paul Brett says: “Following the initial limited edition launch a month ago, we’ve responded to feedback from the market, by lowering the minimum loan size, reduced rates by up to five basis points as well as now offering a £500 cashback.”