Buy-to-let specialist Landbay has added two new five-year fixed rates to its range, which come with no product fees.

The lender has launched a standard five-year fix at 5.69% up to 75% LTV loan-to-value with maximum loan size of £1.5 million. 

The second product is part of its new range of deals that use an automated valuation model.

It is also a five-year fix with a rate of 5.69% with a slightly lower LTV at 70% and a maximum property value of £750,000.

For both the products there is a minimum loan size of £65,000.

All products are now available for intermediaries to view and compare using its buy-to-let affordability calculator.

Rob Stanton, sales and distribution director at Landbay, says: “We pride ourselves on our ability to respond quickly to opportunities to expand and enhance our product range. 

“It is all part of our commitment to our broker partners to provide a product range that is broad and diverse enough to meet the requirements of their landlord clients across the country. 

“While the rate may not be suitable for every client, it will certainly work for those with no appetite for fees or those borrowers with higher-yielding properties.”