The specialist lender has reduced rates on its two-year fixed rate holiday let mortgage by 95 basis points.

The change allows landlords to apply for a buy-to-let remortgage from the first day post-purchase of the property.

The biggest reductions are across Landbay's range of non-portfolio products.

Options are available for portfolio landlords, individual landlord borrowers, HMO and multi-unit freehold block (MUFB) borrowers.

Only two-thirds report a thorough understanding of the details regarding the new legislation.

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The company will now consider lending more than £5m on a case-by-case basis.

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Residential ranges are down by up to 0.30% while buy-to-let rates have seen reductions of up to 0.35%.