Landbay has cut rates across its two-year fixed-rate range by up to 14 basis points and added a new product to this mix.  

The specialist buy-to-let lender says it has reduced rates by 14bps for small houses in multiple occupation and multi-unit freehold blocks.   

Loan-to-value ratios for these offers are 75% and these loans come with a 3% fee at a rate of 4.75%, down from 4.89%, while the mortgage with a 2% fee comes in at 5.25%, reduced from 5.39%.  

The lender has also cut rates by 10bps on existing standard, first-time landlord and trading company two-year fixed rate deals.   

This also applies to trading company small houses in multiple occupation and multi-unit freehold blocks, for properties with up to six rooms or units.  

It means its standard two-year fix at 75% LTV is now 4.69% with a 3% fee, down from 4.79%, or 5.19% with a fee of 2%, previously 5.29%.  

The business has also launched a new standard two-year fixed rate at 5.19% plus a £1,499 fee and a maximum loan size of £74,999.  

Landbay business development director Rob Stanton says: “We have seen an increase in landlords opting for two-year fixed rates and these reductions are across our entire two-year range — from standard through to trading companies, first-time landlords, houses in multiple occupation and multi-unit freehold blocks.”