Almost one in six (17%) said they would consider a variable tracker rate.

For first-time landlords buying small HMO/MUFBs, two-year fixed rates start at 5.09%.

44% of landlords said they expect to increase rent by 6-10% if their mortgage rate increases.

The deciding factor for 45% of landlords intending to sell is rising interest rates.

Landbay has also launched new standard two-year fixed rates.

The reductions apply to standard properties with LTVs of 55%, 65% and 75%.

Rates start from 1.49% plus Bank base rate.

Landbay has introduced lower LTVs and rates now starting at 4.39%.

Landbay is bringing its ICR requirements in line with the wider market for basic rate taxpayers to 125% from 140%.

Having launched a special edition limited range in early December 2022, the tranche sold out before Christmas.