Landbay has cut rates by up to 40 basis points across more than 50 Premier buy-to-let products, with pricing now starting at 3.39% for a two-year fixed deal at 75% loan to value with a 5% fee.
The latest repricing, released on Thursday, also includes lower pricing for small HMO loans, remortgages and five-year fixes. That matters because landlords have spent the past fortnight watching lenders compete harder on headline rates while still trying to protect margins through fee structures and property type pricing.
For landlords, the immediate point is not just that another lender has cut rates. It is that sharper pricing is now spreading beyond standard vanilla products into parts of the market where finance has usually stayed more expensive, including small HMOs and higher-LTV borrowing.
Landbay widens cuts across Premier range
According to Landbay, 10 two-year fixed products at 75% LTV have been cut by up to 40bps. Rates now run from 3.39% with a 5% fee to 5.89% with no fee.
The lender also reduced four two-year fixed small HMO deals at 75% LTV by 30bps, with rates ranging from 4.59% with a 3% fee to 5.59% with no fee. Across its five-year range, 23 remortgage products with a free valuation were cut by up to 20bps, while 21 other five-year fixes at 75% LTV were repriced across purchase, remortgage, product transfer and small HMO lending.
Rob Stanton, sales and distribution director at Landbay, said the changes were designed to give brokers “more competitively priced options across a broad range of landlord requirements”.
This follows Residential Landlord’s recent coverage of The Mortgage Works cutting buy-to-let rates, and Paragon’s weaker 2026 lending outlook. The latest Landbay move suggests lender rivalry is still building even as some major players remain cautious about overall market volumes.
Why the latest rate cuts matter for landlords
The headline 3.39% rate will not suit every borrower once fees are factored in, and that is where landlords still need to do the maths rather than chase the lowest advertised number. Even so, broader cuts across standard and specialist products give borrowers more room to compare whether a higher-fee, lower-rate deal beats a cleaner fee-free option over the fixed period.
There is also a useful signal in the inclusion of small HMOs. While lenders are still selective, competition is no longer confined to the safest single-self-contained cases. That could help experienced investors refinancing specialist stock before autumn, especially if swap rate pressure stays contained.
Landbay’s current product range is listed on its buy-to-let products page.
Opinion
This is the sort of lender move landlords wanted to see after weeks of mixed signals on rates. The catch, as usual, is that the cheapest headline deal is not always the cheapest borrowing – and landlords who ignore fees or exit costs will still get burned.
