Please Note: This Article is 5 years old. This increases the likelihood that some or all of it's content is now outdated.

Landlords seeking finance to expand their property portfolios can link up with investors who are looking to beat savings rates with two new peer-to-peer buy to let mortgages.

Peer-to-peer lending pools cash from several investors and offers landlords access to funding outside of mainstream banks and building societies.

The two mortgage deals are offered by Landbay.

One is a five-year tracker at Bank of England base rate plus 3% – currently 0.5% – making the rate 3.5% variable.

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The other is a three-year fix at 4.2%

Maximum loan-to-value on both buy to let mortgages is 72% with a rent cover of 125%.

Borrowing is limited to experienced, professional landlords.

Investors can start with putting as little as £100 into the peer-to-peer lending pool.

Landbay chief executive John Goodall said: “We are pleased to offer the first peer-to-peer tracker, especially as increases in interest rates look ever more likely and potentially imminent. With banks continuing to pay low and even declining rates to their savers, the launch of our new tracker is timely for Britain’s long suffering savers.”

Keystone Buy-to-Let has cut tracker rates by 0.25% on 70% and 75% loan to value mortgages and 0.05% on 80% loan to value deals.

Tracker rates start at 4.84% at 75% loan to value

Leeds Building Society’s has knocked 0.3% off a range of two-year fee-assisted mortgages.

Interest rates start at 2.79% at 70% loan to value. The mortgage has a £199 fee, a free valuation and reduced legal costs for remortgages

The Bank of England has pegged the base rate at 0.5% for the 67th month in a row. The rate dropped from 1.5% to 0.5% in March 2009 and has remained at the same level ever since.

However, Bank of England Mark Carney has indicated several times in recent weeks that interest rates may rise ‘sooner rather than later’, but suggested any increase will be gradual rather than a sudden change of gear.

Please Note: This Article is 5 years old. This increases the likelihood that some or all of it's content is now outdated.

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