Landbay has introduced rate reductions across its buy-to-let (BTL) product range, with rates falling by as much as 0.25%.

The lender reduced its 5-year standard products, along with its 2-year standard and 2-year like-for-like remortgage products by up to 0.25%.

Its 2-year small house in multiple occupation (HMO) and multi unit freehold block (MUFB) products have seen a reduction of 0.10%.

Standard 2-year fixed products now start from 4.04%, while the standard 5-year fixed range begins at 4.69%; both are available with a loan-to-value (LTV) of up to 75%.

Rob Stanton (pictured), sales and distribution director Landbay, said: “We are really pleased to be able to make some sizeable reductions across our product range.

“Being a tech-centred lender enables us to be really agile and respond to both changes and new demands in the market very quickly.

“This allows us to best support our broker clients and provide them with a range of products that is not just competitive, but wide enough to meet a broad range of needs.”

He added: “It’s fantastic to be able to strengthen our like-for-like remortgage range even further, providing a valuable option for those landlords with no changes to their current borrowing requirements.

“That’s especially true given its lower stress requirements of just pay rate. It’s great for those who want a short-term option in the current market, but still want some stability and security on monthly cost.”