Landbay has cut buy-to-let rates by 0.80%, bringing 2-year fixed rates for HMOs to 4.09%.
Meanwhile, trading company products have seen a 0.65% reduction on rates and now also start at 4.09%.
Rob Stanton, sales and distribution director at Landbay, said: “Making such a large cut across our BTL product range demonstrates our commitment to making sure our product range is competitive as possible for brokers and their landlord clients.
“We have seen a lot of positive drivers in the market recently, whether it’s swap rates or the cut to the Bank of England base rate, which have given us a great opportunity to reassess our pricing.
“It’s great to be able to share those across our product range, including in-demand products such as our HMO/MUFB offerings, our two-year options and our highly popular product transfer range.
“We’ll continue to stay close to the market to identify any future opportunities – whether that’s in terms of rates or further product innovation.”
Both standard and AVM-supported two-year fixed rate products have been reduced by 0.35%. These are available at up to 75% loan-to-value (LTV) and with rates beginning at 3.74% with a 5% fee.
Rates on two-year small HMO/MUFB products have fallen by as much as 0.60% and now start from 3.79% at up to 75% LTV with a 5% fee.
For those landlords looking to refinance efficiently, Landbay has also cut rates on its popular product transfer range. The two-year options in the range have seen reductions of 0.45%.
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