Specialist buy-to-let lender Landbay has cut mortgage rates by between 0.30% and 0.70%.
For like-for-like remortgages a standard two-year fixed rate stands at 4.39% to 75% loan-to-value (-0.40% reduction).
Standard two-year fixes at 75% LTV rates starting at 5.49% (-0.30% reduction).
Meanwhile small HMO/MUFB five-year fixes at 70% LTV have rates starting at 5.79% (-0.60% reduction).
Rob Stanton, business development director at Landbay, said: “With swaps rates reducing we are glad to be able to pass on rate reductions as quickly as possible. This will be welcome news for intermediaries and their landlord clients and covers all of our fixed rate deals.
“We have been able to reduce the rates on so many of our products at the same time due to our highly functional broker portal which we built in-house last year. Our expert IT team and technology means we are able to make changes quickly and efficiently.”