Landbay has cut rates across its entire product range and launched a new range of remortgage-only products, as the buy-to-let specialist expects to see a spike in demand from landlords.

The firm says its standard two-year fixed rate products start from only 2.95 per cent, and the five-year fixed rate products start from 3.34 per cent. It also offers a range of free valuation products across its standard two and five-year products for remortgages.

The lender also launches a new range of remortgage-only products with free valuations and lowered the rates on its 80 per cent loan-to-value mortgages so they now start at just 3.79 per cent.

It has introduced a new large loan product, with a £750 cashback, maximum £1.5m loan, up to 70 per cent LTV at 3.49 per cent, on a five-year fixed rate.

The business also improves its houses in multiple occupation special edition range, cutting rates and boosting criteria on HMOs to six bedrooms. Rates now start at 3.35 per cent.

Earlier this month, property website Rightmove said it had seen its busiest ever start to a new year, with website visits up 30 per cent between 2 January to 8 January.

It added that the numbers of people making contact with estate agents concerning the purchasing of a property are 11 per cent higher than the first week of 2020, and for those looking to rent a property, up 22 per cent.

The website said this “gives hope” to people planning to put their property on the market, even though the stamp duty holiday deadline is approaching fast and the new lockdowns that have occurred in England and Scotland.

Landbay managing director of intermediaries Paul Brett says: “Despite the stamp duty holiday deadline looming on the horizon, the start of the year has seen a tremendous demand for buy-to-let.”

Brett adds: “All of this means that buy-to-let remains a solid medium-term investment and many intermediaries will also be seeing an increase in demand from their landlord clients, particularly those with portfolios.”