Rates start from 1.49 per cent plus Bank Base Rate, currently 3.5 per cent, up to 75 per cent loan-to-value with a variable fee structure of two per cent or three per cent to assist with affordability.

The products are available on standard properties, houses in multiple occupation and multi-unit freehold blocks with loan sizes from £100,000 up to £1m.

There is also a standalone discounted tracker range for trading companies holding standard, HMO (Houses of Multiple Occupation) and MUFB (Multi-unit freehold block) properties up to 75 per cent LTV with a three per cent fee.

The standard two-year discounted tracker is priced at 1.69 per cent + BBR and is available at up to 75 per cent LTV with a three per cent fee.

The small HMO/MUFB deal is available on properties up to six bedrooms or units, with the two-year discounted tracker priced at 1.89 per cent + BBR, also up to 75 per cent LTV with a three per cent fee.

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Paul Brett, managing director of intermediaries at Landbay, (pictured) said: “It’s been a busy start to the year for our product design team who have been developing new mortgages to provide more choice to brokers and their landlord clients.

“This new range of two-year discounted trackers will appeal to borrowers who are unsure of the future and don’t want to tie into five-year fixes just yet.”