Landbay has announced rate reductions of up to 0.15% across its fixed rate buy-to-let product range.

The biggest reduction is among its two-year fixed rate products, which have been cut by  0.15%. This includes its small HMO/MUFB range, available at up to 75% loan-to-value (LTV), with rates starting at 3.99%.

The five-year fixed range has been reduced by 0.10%, including five-year options for both standard properties and their small HMO/MUFB range. These too are available at up to 75% LTV and now start at 4.59%.

All products are available using Landbay’s variable fee structure, with zero fee products also on offer.

Also small HMO/MUFB five-year fixed 75% LTV at 4.99% with 6% fee; and small HMO/ MUFB two-year fixed 75% LTV at 3.99% with 6% fee.

Commenting on the latest deals Landbay sales and distribution director Rob Stanton said: “Following the positive news on inflation yesterday morning, we are really pleased to respond straight away with rate reductions across our fixed rate products. In recent weeks, the market has seen a lot of movement on rates in reaction to swap rates and ahead of the upcoming Budget.

“It’s great to be in a position where we can reduce rates and ensure our range is as competitive as possible.”

He added: “Reacting quickly to changes in the market is only possible through our tech-first approach. By having the right technology in house, we can trim rates or introduce new markets as soon as the opportunity presents itself. This enables us to listen to the demands of the market and ensure we are properly serving both our broker partners and their landlord clients.”