Landbay has reduced rates across its buy-to-let product range by up to 20 basis points (bps).

Among those reduced is standard five-year fixed rate products, available up to 75% loan to value (LTV). These have been reduced by up to 15bps, with rates now starting at 4.39%.

The small HMO/MUFB product range has also seen improvements with two-year options up to 75% LTV now starting at 3.89%. Five-year options have been cut by up to 20bps 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 10bps, with rates now starting at 4.69%.

Rob Stanton (pictured), sales and distribution director at Landay, said: “This extensive round of rate reductions further demonstrates our drive to make our product range as competitive as possible. 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.”