Landbay has cut rates by 20 basis points (bps) across selected products in its Core buy-to-let range and increased the maximum loan size on standard products to £1.5m.

The lender said the changes, announced on 22 April, apply to 15 Core products across two-year and five-year fixed-rate options at up to 75% loan-to-value.

Landbay’s Core range is aimed at standard buy-to-let properties and is available for individual borrowers, limited company SPVs and LLPs. The range also includes AVM options intended to support faster processing where suitable.

Among the products affected, standard and AVM two-year fixed rates now start at 4.19% with a 5% fee, or 5.69% with a 2% fee. Standard and AVM five-year fixed rates are available at 4.94% with a 6% fee, or 5.74% with a 2% fee.

For the standard products, the maximum loan size has been increased to £1.5m.

Landbay said the changes were intended to give brokers and landlord clients sharper pricing as well as more capacity for larger remortgage and purchase cases.

Rob Stanton (pictured), sales and distribution director at Landbay, said: “The market remains highly price-sensitive, and we know brokers are working with landlord clients who are focused on securing competitive rates while also accessing sufficient borrowing to support their investment plans.

“By reducing rates across our Core range and increasing maximum loan sizes, we are giving advisers greater flexibility when structuring cases, particularly where larger loan amounts are required. This is especially important as we continue to see activity across both remortgage and purchase business.

“It is important pricing is matched with practical lending criteria and a clear product structure. Our Core range is designed to offer straightforward solutions that brokers can rely on, with AVM options also helping to support speed and efficiency where appropriate.”