Landbay cuts two-year buy-to-let rates by up to 0.30%

This will apply to standard properties, houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).

Standard property rates have reduced by up to 0.20% and now start at 4.89% up to 75% LTV and 5.09% up to 80% LTV.

Small HMO and MUFB rates have been cut by 30bps to 4.89% at 75% LTV.

Earlier in the month the lender also reduced rates on its term tracker range by as much as 0.86% across HMOs and MUFBs on both new builds as well as older properties.

Paul Brett, Landbay’s managing director for intermediaries, commented: “Our wide and diverse range of funding enables us to reduce our rates for borrowers when most rates from other lenders continue to rise.

“With the Bank of England widely expected to raise base rate again later this week, we recognise that this is a really important time for landlords and property investors to lock into a lower-cost fixed-rate deal. This rate reduction on our two-year fixed-rate range will enable investors to remove some of the volatility from their costs, providing an element of certainty at this crucial and uncertain time.”