Landbay has launched a range of two-year discounted buy-to-let (BTL) trackers with no early repayment charges (ERCs).

The new rates start from 1.49% plus the Bank of England base rate (BBR), available up to 75% loan-to-value (LTV) with a variable fee structure of 2% or 3%.

These discounted trackers are available on standard properties, houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB) with loan sizes from £100k to £1m.

There is also a standalone discounted tracker range for trading companies on standard, HMO and MUFB up to 75% LTV and a 3% fee.

Products include a standard two-year discounted tracker with a rate of 1.49% + BBR at 75% LTV and a 3% fee and a standard two-year discounted tracker with a rate of 1.99% + BBR at 75% LTV and a 2% fee.

The range also includes a small HMO/MUFB two-year discounted tracker with a rate of 1.69% + BBR at 75% LTV with a 3% fee and a small HMO/MUFB two-year discounted tracker with a rate of 2.19% + BBR at 75% LTV and a 2% fee.

For trading companies, there is a standard two-year discounted tracker with a rate of 1.69% + BBR at 75% LTV and a 3% fee. In addition, there is a small HMO/MUFB two-year discounted tracker with a rate of 1.89% + BBR at 75% LTV and a 3% fee.

Landbay managing director of intermediaries Paul Brett says: “It’s been a busy start to the year for our product design team who have been developing new mortgages to provide more choice to brokers and their landlord clients.”

“This new range of two-year discounted trackers will appeal to borrowers who are unsure of the future and don’t want to tie into five-year fixes just yet.”