Buy-to-let lender Landbay has cut 5-year fixed rate buy-to-let product by up to 0.15%.
After this alteration 75% LTV 5-year fixed rates are priced at 4.89% with a 1% fee or 4.09% with a 5% fee.
The free valuation remortgage products in the Premier range have also seen reductions of 0.13%, with rates now starting at 4.14% at up to 75% LTV.
Rob Stanton, sales and distribution director at Landbay, said: “Following the launch of new Premier products last week, it is great to be able to announce rate reductions across our Premier range of five-year fixed products.
“This range serves a critical part of the market and provides valuable options to those looking to expand and scale, as well those in the process of refinancing.
“Our data tells us that five-year options remain the preferred choice of landlords, so it’s important that we not only meet this demand, but ensure our rates are as competitive as possible.
“Achieving this requires the right combination of innovation and agility to identify gaps in the market for new products and opportunities to tweak and improve the rates we offer.
“On both counts, our tech-first approach to lending enables us to act quickly as soon as the opportunity presents itself.”