Specialist lender Landbay has introduced a new range of non-portfolio buy to let products.

It’s designed for landlords with three or less mortgaged properties and includes five-year fixed rate products, available at up to 75% loan to value and with rates starting from 4.39%.

Landbay has also launched two standard five-year products at up to 55% LTV. The existing 55% LTV standard five-year range has also been reduced by 0.25%, with rates now starting from 4.44%.

The news follows rate reductions earlier this week across its standard five-year, standard two-year and two-year like-for-like remortgage range by as much as 0.25%. Two-year small HMO/MUFB products also saw a reduction of 0.10%.

Landbay sales and distribution director Rob Stanton says: “According to our latest survey, 45% of landlords with three or less properties are looking to buy properties in the next 12 months, so it’s only right we help our brokers answer this demand.

“Then following [Landbay’s] rate reductions earlier this week we’re thrilled to be able to make further movements across our range, as well as introduce new 55% LTV products. As the market continues to adapt and develop, we’ll keep our ear close to ground and identify opportunities to improve and expand our product range.”

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