Buy-to-let lender Landbay has made over 80 changes to its product range, with rates now starting from 4.09%.

Changes include rate reductions of up to 0.20 percentage points across a variety of products, including Landbay’s two-year fixed rate range for standard properties and two and five-year fixed rates for small houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).

The two-year Like for Like remortgage products, for landlords with no change to their borrowing requirements, have been lowered by up to 0.20 percentage points. For affordability purposes the ICR stress test is at payrate plus 1% instead of the standard payrate plus 2%.

Landbay’s Trading Company product range also sees a 0.20 percentage point rate reduction.

All products have a variable fee structure and the five-year fixed rates are stressed at payrate.

Examples of two and five-year fixed products:

Like for Like standard two-year fixed remortgage products:

Rob Stanton (pictured), business development director at Landbay, said: “As swap rates continue to fall we have once again been able to reduce rates across our product portfolio. We are in the fortunate position to be able to make these changes quickly.

“It is a competitive market out there and we want to offer viable solutions to intermediaries and their landlord clients for both property purchase and remortgaging. This is not just for standard property but also HMOs and MUFBs as well as trading companies.”