Landbay has made rate reductions of up to 15 basis points (bps) across its fixed rate product range.

The biggest reduction is among its two-year fixed rate products, which have been cut by 15bps. This includes its popular small HMO/MUFB range, available at up to 75% loan to value (LTV), with rates starting at 3.99%.

The five-year fixed range has been reduced by 10bps, including five-year options for both standard properties and their small HMO/MUFB range. These too are available at up to 75% LTV and now start at 4.59%.

All products are available using Landbay’s variable fee structure, with zero fee products also on offer.

New deals include:

• Standard 5 Year Fixed 75% LTV @ 4.59% 7% Fee
• Standard 5 Year Fixed 75% LTV @ 6.34% 0% Fee
• Small HMO/MUFB 5 Year Fixed 75% LTV @ 4.99% 6% Fee
• Small HMO/MUFB 5 Year Fixed 75% LTV @ 5.69% 3% Fee
• Small HMO/ MUFB 2 Year Fixed 75% LTV @ 3.99% 6% Fee
• Small HMO/MUFB 2 Year Fixed 75% LTV @ 5.54% 3% Fee

Rob Stanton (pictured), sales and distribution director at Landay, said: “Following the positive news on inflation yesterday morning, we are really pleased to respond straight away with rate reductions across our fixed rate products.

“In recent weeks, the market has seen a lot of movement on rates in reaction to swap rates and ahead of the upcoming Budget. It’s great to be in a position where we can reduce rates and ensure our range is as competitive as possible.

“Reacting quickly to changes in the market is only possible through our tech-first approach. By having the right technology in house, we can trim rates or introduce new markets as soon as the opportunity presents itself. This enables us to listen to the demands of the market and ensure we are properly serving both our broker partners and their landlord clients.

“This is particularly true with products for small HMOs/MUFBs, which continues to be a popular part of the market.”