Falling prices and strong rental growth have seen flats rise to the top of the table when it comes to the best returns on offer to buy-to-let investors.

The lender has also introduced selected cuts to product rates.

In addition to the launch of a new product range, Landbay has also made further rate reductions and new product additions.

The lender has launched two new products with a 3% fee

The latest estimates suggest that by the end of the year, across Great Britain, private landlords will have sold 328,750 more rental homes than they’ve bought since 2016.

High rental demand areas can see property premiums as high as 33% depending on the location, according to analysis from Benham and Reeves.

The lender has announced that following the reductions standard two-year fixed products now start from 4.04%

The new products are available for individual and limited company applications in England, Scotland and Wales

The move will see the lender roll out its existing business BTL, Consumer BTL and regulated Family BTL products to Scottish borrowers.

The average age of landlords purchasing new buy-to-let property has fallen over the last decade, driven by strong growth in the proportion of landlords in their 30s.