Landbay has cut rates across its five-year fixed Premier products, with prices now starting at 4.09%, in the latest move to sharpen its buy-to-let offering.

The biggest cuts apply to Premier five-year fixed products available up to 75% loan-to-value, with all four options reduced by 0.15%.

The free-valuation remortgage range has seen reductions of up to 0.13%, starting from 4.14% at 75% LTV, while product transfer options have been cut by as much as 0.14%.

Launched last month, the Premier range is aimed at landlords with up to 15 properties held in limited company SPVs and features Landbay’s variable fee structure to support affordability.

The rate reductions come shortly after the lender introduced two new like-for-like products in the range — a two-year fixed remortgage at 4.49% up to 75% LTV and a two-year fixed product transfer option at 4.54% to the same LTV.

Rob Stanton, sales and distribution director at Landbay, said: “Following the launch of new Premier products last week, it is great to be able to announce rate reductions across our Premier range of five-year fixed products.

“This range serves a critical part of the market and provides valuable options to those looking to expand and scale, as well those in the process of refinancing.

“Our data tells us that five-year options remain the preferred choice of landlords, so it’s important that we not only meet this demand, but ensure our rates are as competitive as possible.

“Across our Premier, Core and Specialist product lines, we remain committed to providing options to help our intermediary partners support landlords of all sizes and setups.

“Achieving this requires the right combination of innovation and agility to identify gaps in the market for new products and opportunities to tweak and improve the rates we offer. On both counts, our tech-first approach to lending enables us to act quickly as soon as the opportunity presents itself.”

Alongside the Premier range, Landbay’s Core products cater for portfolio landlords, including those operating through limited companies, and offer access to AVM-based lending.

The Specialist range provides greater flexibility for non-standard properties such as holiday lets, HMOs, multi-unit freehold blocks and trading companies, with corresponding product transfer options available across all three product lines.