The five-year fixed rate products now start at 4.99% at up to 75% LTV.

The Society has also announced enhancements to its joint borrower sole proprietor criteria.

The lender has increased the maximum LTV on its five-year fixed Tier 1 product.

Landbay has added four new products for small houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).

The biggest reductions are across Landbay’s small HMO/MUFB range.

The range offers more solutions for landlords with properties that do not meet traditional lending criteria.

Rates have reduced by up to 0.25%.

Rate cuts apply for both new and existing borrowers.

Phil Riches, sales director at Keystone Property Finance, takes a deep dive into the different types of HMO licensing schemes, explains the differences between licensing and planning...

Standard two-year fixed rate products have seen the biggest reduction.