Landbay has unveiled a range of cuts to its two-year fixed rate buy-to-let mortgages.
The alternative lender said the reductions will help landlords take advantage of the stamp duty holiday.
The rate on its special edition 60 per cent loan to value (LTV) two-year fix has been reduced from 3.09 per cent to 2.95 per cent.
Its 70 per cent LTV two-year fix has been reduced from 3.19 per cent to 3.09 per cent, while pricing on its 75 per cent LTV five-year product has been lowered from 3.74 per cent to 3.69 per cent.
Landlords can also apply for a new five-year fix at 70 per cent LTV for a rate of 3.59 per cent.
All the rates are available on loan sizes up to £1.5m and apply to standard properties.
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“Demand for buy-to-let is booming at the moment as investors take advantage of the stamp duty holiday,” Paul Brett (pictured), managing director of intermediaries at Landbay, said.
“These new lower rates reflect the robust buy-to-let market and help to make it more affordable for investors including those wishing to incorporate their properties into a limited company structure.
“These new rates and additional product will offer more options to intermediaries and their clients who are looking to capitalise on the stamp duty holiday and the high demand for private rental properties.”