Landbay is cutting rates on its buy-to-let product range by up to 0.20%.

Rate reductions are being applied to 51 products including standard five-year fixed rate products, available up to 75% loan-to-value, reduced by up to 0.15%, with rates now starting at 4.39%.

The small HMO (house of multiple occupation)/MUFB (multi-unit freehold block) product range has had rates cut by up to 0.20% with two-year options up to 75% LTV now starting at 3.89%.

Five-year options get the same reduction of up to 0.20% across both 75% and 80% LTV product ranges. Rates now begin at 4.79%.

Trading company products, designed for clients looking to purchase property from within an existing trading company, are reduced by 0.10%, with rates now starting at 4.69%.

All products are available using Landbay’s variable fee structure.

It follows the recent launch of a new range of 75% LTV AVM products, comprising of two-year standard options, as well as five-year standard products for non-portfolio landlords with three or less mortgaged properties.

Landbay sales and distribution director Rob Stanton says: “Brokers are supporting their landlord clients with a broad range of requirements and our product range has to reflect this to help them meet those demands.

“We continue to stay close to the market and in close contact with our funders to identify opportunities, as well as areas where we can innovate to answer product gaps and drive efficiencies. Today’s reductions, along with our new AVM range are fantastic examples of this.”