The lender has reduced its five-year standard products, along with its two-year standard and two-year like-for-like remortgage products by up to 0.25%. Meanwhile, its two-year small HMO/MUFB products have seen a reduction of 0.10%.

This means its standard two-year fixed products now start from 4.04%, while the standard five-year fixed range begins at 4.69%. Both are available with a loan-to-value (LTV) of up to 75%.

Mortgage affordability

Landbay’s products are available using its variable fee structure for increased affordability. All products are available for intermediaries to view and compare using its buy-to-let affordability calculator.

Commenting on the rate cuts Landbay sales and distribution director Rob Stanton said: “We are really pleased to be able to make some sizeable reductions across our product range.”

He added: “It’s fantastic to be able to strengthen our like-for-like remortgage range even further, providing a valuable option for those landlords with no changes to their current borrowing requirements. That’s especially true given its lower stress requirements of just pay rate. It’s great for those who want a short-term option in the current market, but still want some stability and security on monthly cost.”