Landbay has announced a raft of rate reductions across its buy-to-let product range, with rates falling by as much as 0.25%.
The lender has reduced its five-year standard products, along with its two-year standard and two-year like-for-like remortgage products by up to 0.25%. Meanwhile, its two-year small HMO/MUFB products have seen a reduction of 0.10%.
It means that standard two-year fixed products now start from 4.04%, while the standard five-year fixed range begins at 4.69%. Both are available with a loan-to-value (LTV) of up to 75%.
Landbay’s products are available using its variable fee structure for increased affordability. All products are available for intermediaries to view and compare using its buy-to-let affordability calculator.
Product highlights include:
• Standard 2 year fixed up to 75% LTV, with rates from 4.04%
• Standard like-for-like 2 year fixed up to 75% LTV, with rates from 4.64%
• Standard 5 year fixed up to 75% LTV, with rates from 4.69%
Rob Stanton, sales and distribution director Landbay, said: “We are really pleased to be able to make some sizeable reductions across our product range. Being a tech-centred lender enables us to be really agile and respond to both changes and new demands in the market very quickly. This allows us to best support our broker clients and provide them with a range of products that is not just competitive, but wide enough to meet a broad range of needs.
“It’s fantastic to be able to strengthen our like-for-like remortgage range even further, providing a valuable option for those landlords with no changes to their current borrowing requirements. That’s especially true given its lower stress requirements of just pay rate. It’s great for those who want a short-term option in the current market, but still want some stability and security on monthly cost.”
