Buy-to-let lender Landbay has cut its standard five-year fixed rate, which now starts at 3.35%.
Rental income can be stressed at this rate.
In total, it has revised 16 products, nine of which see a reduction in rates, refreshing the range for professional landlords.
These will be available to buy-to-let landlords via intermediaries using either Landbay’s packager partners or its panel of networks or mortgage clubs.
Paul Brett, managing director of intermediaries at Landbay, said: “It’s crucial to keep our finger on the pulse of the buy-to-let marketplace and today’s suite of product changes will keep our offering as competitive as possible.
“As part of our refresh, we’re delighted to cut the rate of our most popular product with the aim of helping our broker partners support even more landlords.”
