Landbay has become the latest buy-to-let lender to reduce rates in the wake of President Trump’s Liberation Day tariffs.

Cuts to Landbay’s limited edition range means its rates now start at 4.39% for a standard five-year fix at up to 70% loan-to-value (LTV).

For landlords looking to refinance, it has lowered rates on its new product transfer offering, with a 0.10% cut on five-year fixed rate products which start at 4.44% and are available at up to 75% LTV.

Small HMO/MUFB products in the product transfer range have been cut by 0.05% and now start at 4.94%.

Mortgage rate reductions

It follows similar moves from lenders including MPowered Mortgages which recently reduced its fixed rates after the five-year swap dropped from 4.126% to 4.036%.

Paragon Bank has also boosted its range of buy-to-let mortgages with two new products available at up 80% LTV, reduced all 70% and 75% LTV products by 10bps for single self-contained properties, and removed application fees from 75% LTV products with a 3% product fee.

Rob Stanton, of Landbay, said: “We continue to demonstrate that we’re not shy of passing on reductions at the earliest opportunity in what is our sixth round of reductions already this year.

“Given how popular our new product transfer range has proven to be, it’s fantastic to be able to bring forward further reductions - including to valuable HMO/MUFB options in the range.”

Some financial experts have suggested that the President’s actions could feed through to lower rates on buy-to-let deals - easing mortgage costs for landlords.

However, rising costs, regulatory charges, and inflationary pressures, which are likely to be exacerbated by the tariffs, have already driven many out of the market and reduced the availability of rental properties, pushing up rental prices.

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