Landbay has announced another round of rate cuts across its product ranges, with two-year rates now starting at 3.94%.

The buy-to-let lender has cut rates across the standard two-year range by up to 0.35% and across its two and five-year small Houses of Multiple Occupation (HMOs)/Multi Unit Freehold Blocks (MUFB) range by up to 0.40%. It has also cut rates across two year like-for-like products by up to 0.35%.

Landbay is offering up to 55%, 65% and 75% loan-to-values (LTVs), and its variable fee structure ranges from 3% to 6%, offering increased affordability.

Product highlights include:

Two-year standard 65% LTV @3.94% with 6% fee (was 4.29%)
Two-year standard 75% LTV @ 4.09% with 6% fee (was 4.39%)
Two-year small HMO/MUFB 75% LTV @4.14% with 6% fee (was 4.54%)
Five-year small HMO/MUFB 75% LTV @5.09% with 6% fee (was 5.34%).

Rob Stanton (pictured), sales and distribution director at Landbay, said: “Following a considerable rate reduction across our five-year fixed range, we are pleased to announce a second round of cuts in the same week. Today’s news strengthens the tools available to our broker partners to meet the broad range of needs across the entire market.

“There’s no question shorter-term fixes remain popular as landlords weigh up their options in the current market. Changes to our HMO/MUFB range also help landlords answer persistent demand in the rental market among students, transient workers and lower-income individuals. Meanwhile, improvements to our like-for-like range are well timed, given the high levels of mortgage maturity still expected across the sector this year.”